Apple CEO Tim Cook's Annual Pay Jumps 47% to $12.8 Million

29 December, 2017, 02:07 | Author: Natasha Holloway
  • Apple CEO Tim Cook's Annual Pay Jumps 47% to $12.8 Million

Cook's total compensation for 2017 jumped to $12.8 million - a roughly 47 percent increase from past year.

According to its financial reports, the current 2017 fiscal year performance showcases a significant growth compared to their 2016 numbers.

Cook was paid $3.06 million (roughly Rs. 19.6 crores) in salary, as well as what the report notes as a previously disclosed equity award of $89.2 million (roughly Rs. 572 crores), which brings his total annual payout to $102 million (roughly Rs. 654 crores).

As an additional security measure for Mr. Cook, the Board also requires that he use private aircraft for all business and personal travel.

For Apple CEO Tim Cook, Santa Claus came this Christmas season to drop down his chimney a 46 percent pay raise and the use of a private aircraft.

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. Mr. Cook's pay increase was driven by his cash bonus, which was hinged on exceeding.

WhatsApp will cut support for Windows Mobile, Blackberry OS in 2018
WhatsApp will stop working on a selection of smartphones and mobile platforms in the new year, reported The Independent . As of now, users still running these operating systems can not open new WhatsApp accounts or re-verify old accounts.

Camera IconApple Chief Executive Tim Cook posed for a selfie with customers during the debut of the iPhone X at an Apple Store.

He was also awarded stock worth $89m (£66m), up 74% from past year for a total of roughly $102m (£75m) for his work in 2017 alone.

Each of the top officers, not including Cook, receive a base salary of $1 million, cash incentives and were awarded $20 million in stock with the tech giant.

Cook's "other" pay included $224,216 in security expenses and $93,109 for personal air travel. Apple's SVP of retail Angela Ahrendts and SVP of hardware technologies Johny Srouji brought in about $24.2 million for the year.

Apple said the reason for implementing the new policy for Cook is due to "interests of security and efficiency based on our global profile" and Cook's high profile as chief executive.

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

Recommended:

  • Five-star Liverpool take Swansea apart

    Five-star Liverpool take Swansea apart

    Liverpool have already scored 70 goals in all competitions this season, second to Manchester City who have notched 77 times. However, the Brazilian did double the advantage on 52 minutes, finishing smartly at the back post from Coutinho's cross.
    Local Firefighters Return from California wildfires in time for Christmas

    Local Firefighters Return from California wildfires in time for Christmas

    Some fires before that date undoubtedly were larger but records are unreliable, according to state fire officials. By that point, firefighters already were beginning to take advantage of a lull in the weather.
    NFL Predictions: Will Steelers vs. Texans Go Over Betting Total? 12/25/17

    NFL Predictions: Will Steelers vs. Texans Go Over Betting Total? 12/25/17

    The Texans couldn't do much right on a day their home stadium was overtaken by vocal Steelers fans waving their Terrible Towels. The Steelers clinched a first round bye in the AFC playoffs with Monday's 34-6 rout of the Texans.
  • Eric Garner's daughter Erica declared brain-dead after heart attack

    Eric Garner's daughter Erica declared brain-dead after heart attack

    After their father's death, Emerald, the third oldest, created a fund through Indiegogo to raise money for the Garner siblings. After giving birth to her son, who is named after her father, four months ago, Garner went into cardiac arrest.
    More Pregnant Women Turning To Cannabis, Study Finds

    More Pregnant Women Turning To Cannabis, Study Finds

    An expert speculates that the rise might be partially explained by the increased availability of legal marijuana in recent years. However, on a federal level, it is still illegal to possess, use, buy, sell, or cultivate marijuana.

    Korean Officials Allegedly Involved in Ballistic Missile Program

    The United States is imposing new North Korea sanctions that target top officials responsible for missile development. The US Treasury revealed that the two officials sanctioned are Ri Pyong-chol and Kim Jong-sik.
  • Powerball and Mega Millions Over $300 Million

    Powerball and Mega Millions Over $300 Million

    With slightly better odds than the Powerball game , it's rare that months pass without someone winning a Mega Millions jackpot. California resident Jeff Lindsay claimed the winning Powerball ticket June 10 and received an annuity of $447.8 million.
    Is Arizona's flu season historically bad this year?

    Is Arizona's flu season historically bad this year?

    The flu is made up of various strands of the virus and, another round of the flu is about to descend. According to the CDC , there have been almost 14,000 confirmed cases of the flu this season.
    Hours extended to prepay 2018 Hennepin Co. property taxes

    Hours extended to prepay 2018 Hennepin Co. property taxes

    The county does not become involved in collection of taxes until bills are judged delinquent. In some counties, towns, cities and villages, pre-paying taxes is a common practice.
  • Trump continues attack on Federal Bureau of Investigation , calls Clinton dossier 'garbage'

    Trump continues attack on Federal Bureau of Investigation , calls Clinton dossier 'garbage'

    FBI CANNOT (after all of this time) VERIFY CLAIMS IN DOSSIER OF RUSSIA/TRUMP COLLUSION. Clinton Campaign, DNC funded Dossier.
    OnePlus 5 confirmed to get Face Unlock feature

    OnePlus 5 confirmed to get Face Unlock feature

    However, the good news is that OnePlus has now confirmed that the Face Unlock feature will indeed be rolled out to the OnePlus 5 . So, the company has made a decision to bring this feature to OnePlus 5 as well after the huge demand by OnePlus 5 users.
    Family killed in twin-engine plane crash in Florida

    Family killed in twin-engine plane crash in Florida

    Local officials said first responders were dispatched to the scene within minutes but had to move slowly because of the dense fog. Victoria was a school teacher in Baltimore, Maryland, and Peter was a law student at the University of Maryland, Judd said.


Popular

Nintendo Delaying 64-Gigabyte Game Cards For Switch Until 2019
Some publishers may even postpone the launch of their games on the Switch in order to have access to the larger cartridges. Noire, and Square Enix adding on extra for its Dragon Quest Heroes games as the latter ships on the bigger 32GB cartridge.

3 children die in multi-vehicle crash
A MHP trooper who responded to the scene says the crash claimed the life of a Polson woman in her sixties. The vehicle then got pushed into the path of an SUV before it ran off the highway and overturned.

Tiger Zinda Hai set to become highest grosser of 2017
Tiger Zinda Hai is the sequel to Salaman's Blockbuster flick " Ek Tha Tiger " which is directed by Director Kabir Khan. As per trade experts, Tiger Zinda Hai is so far the most expensive film for producers, Yash Raj Films.

PD: Children, woman shot and killed in Phoenix apartment
A six-hour standoff followed as police tried to rescue the two children in the event that they were still alive. Ross fired at the officers, according to police documents, injuring one officer before being arrested.

Four People Found Dead in Upstate New York Home
Four people were found dead in a possible homicide in a basement of a Troy home on Tuesday, according to news reports . Foster is being held at the Pike County Jail on one count of murder and four counts of attempted murder.

Vijay Rupani takes oath as Chief Minister of Gujarat
He further said that the party was forming the government in the state for the sixth time. New Rupani government will take oath today in the presence of PM Modi.

Taimur Ali Khan wins hearts at Kapoor's Christmas Brunch
So when Bollywood's star kid Taimur Ali Khan was clicked taking his first steps, his fans could not contain their excitement. Kareena Kapoor Khan and Saif Ali Khan had hosted an intimate Christmas party for the family members last night.

Raiders vs. Eagles on Christmas night
Unlike Oakland, Philadelphia has a playoff spot sewn up and would clinch the top seed in the NFC with a win Monday. By the time you're done unwrapping your shiny new Carson Wentz jersey, it'll nearly be time for Sixers-Knicks.

Christians mark Christmas with due religious fervour
The devotees in all the churches lauded the communal brotherhood of Kashmir and prayed for peace and prosperity in Kashmir. However, people missed "White Christmas " as there was no snowfall in the Valley. "#MerryChristmas to all of you".

LeBron James Says His Favorite Christmas Games Have Been in Los Angeles
He'd have been the flawless player to get on Christmas but the league only played two or three games back then, and his Toronto Raptors were only shown once.