Auburn alum Tim Cook tops $100 million in income for 2017

29 December, 2017, 01:09 | Author: Rosa Wright
  • Tim Cook

In integration to covering compensation of the executive, statement of today's proxy also states that board of Apple now needs Tim Cook; Apple CEO to use private aircraft for all kinds of business and even personal travels.

The policy was implemented this year "in the interests of security and efficiency based on our global profile and the highly visible nature of Mr. Cook's role as CEO".

It's been a good year for Apple and its CEO Tim Cook.

Cook's total pay package was valued at $12,825,066 for the 12 months ending September 30, 2017, according to the company's annual proxy statement that was filed today with the U.S. Securities and Exchange Commission. Facebook CEO Mark Zuckerberg and Disney CEO Bob Iger both rely on private planes for all their personal travel, according to the most recent company filings for each.

The market capitalisation for the iPhone maker has been hovering around $US900 billion (more than $A1 trillion) and is up almost 50 per cent for the year.

Cook has little to say about the situation if the board tells him he must use the private jet.

Texas woman allegedly damages Warhol paintings on first date
That's when she allegedly poured red wine on his paintings and ripped them off the wall, then threw his sculptures on the ground. Lindy Lou Layman is also a preferred hawt bixchLindy Lou Layman estimated cost of damage estimated at $300K.

US Sanctions Two North Korean Missile Developers
Trump has promised to rain "fire and fury" on North Korea if it continues to threaten the United States or its allies. North Korea has continued developing its ballistic missile and nuclear weapons programs in violation of U.N.

The 2017 holiday shopping season brought record sales to Amazon
Predictably, Amazon didn't release any specific sales figures, only noting that Echo Dot sales ranged in the millions. Despite the perks, it's not clear how many of Amazon's millions of new Prime members will stick around.

The company is heavily dependent on the success of iPhones, which account for more than two-thirds of its total revenue.

Cook is getting the mandatory perk that cost the company $US93,109 ($A119,459) this year for personal trips alone, The New York Post reports.

That left Cook with a 74% increase in his annual bonus.

But Cook's overall compensation - not counting the value of his shares that vested this year - was the lowest among the six senior executives in fiscal year 2017. Mr. Cook recognizes imputed taxable income and is not provided a tax reimbursement for personal use of private aircraft. Apple's retail chief, Angela Ahrendts, was the highest paid executive, bringing in $24,216,072.

The election is set to occur on Apple's next shareholders meeting February 13 at the Steve Jobs Theater in Apple Park.

Recommended:



Popular

Israeli Chess Players Banned From Tournament in Saudi Arabia
Iranian people have also discarded the board game saying it can lead to gambling, which is banned in Islam. It made no mention of Israeli players.

GB Cartridges for the Switch Delayed until 2019
That disincentivizes stores from keeping it on the shelf, which also leads to fewer mums picking up those impulse buys. With 10 million units sold , it's on track to outsell the Wii U's entire lifetime just in its first year.

Damian Green sacked from British government after pornography claim
THE UK FIRST secretary of state Damian Green has resigned from cabinet after he was found to have breached the ministerial code. The pair will be investigated over alleged leaks to the media of information about the investigation into Mr Green's computer.

Christmas Brings Snow, Strong Winds to New England
Expect another 4 to 8 inches of snow from tonight through Wednesday evening with locally higher amounts possible. A major cold blast is stretching across the country with 18 states from Montana to NY feeling risky wind chills.

JetBlue plane slides off taxiway at Boston's Logan Airport
We just skidded on the ice", the pilot radio to Air Traffic Control after the landing, according to ABC News . Passengers said the plane hit the ice and, suddenly, it felt like they were doing donuts on the tarmac.

New England Patriots expected to sign James Harrison
Those two teams are clearly the class of the AFC this season, with only the Jaguars (10-5) at double digit wins entering Week 17. He did not become a full-time starter until he was 29, but he recorded 54 sacks in his first five seasons in the role.

Jurgen Klopp says 5-0 Swansea result 'perfect' for Liverpool
I'm really happy about about the things we learned from the game. "I know that people are often not patient enough as it's all about results".

Glass Wall separates Kulbushan Jadhav & Family in Pakistan
The FO spokesperson also presented a medical report for Jadhav that showed he is in "good health" and "everything is normal". Death row prisoner Kulbhushan Jadhav met his wife and mother at the Pakistan Foreign Affairs Ministry, officials said.

Midnight mass underway across the country on Christmas Eve
One of the tourist devotee Marry (name changed) said, "I am from Kerala and visited Kashmir to see its natural beauty".

UCLA's Josh Rosen Gives Thoughtful Answer To Question About Skipping Bowl Games
According to Schefter, Rosen is wary of coming out in the draft if the Browns appear to be close to committing to him. The star college quarterback reportedly does not want to play in Cleveland. .