The iPhone 'forces' Tim Cook to fly private

29 December, 2017, 02:08 | Author: Sheri Evans
  • The iPhone 'forces' Tim Cook to fly private

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

A filing with securities regulators this week said the board determined that its CEO must use private aircraft for "all business and personal travel".

Apple just awarded Tim Cook with a huge pay hike.

Pregnant Khloé Kardashian Reveals How Many Months Along She Is
On Christmas day, the Kardashian tweeted that next week there will be six months since the baby was conceived. Thank you!' she tweeted after being flooded with many congratulatory messages from her fans.

The company bounced back in 2017, spurred on by impressive Watch sales and the release of three new iPhones; its stock performance mirrored Cook's compensation increase, running 47 percent since January 1.

While better sales is good news for Apple, which saw sales decline for the first time past year, the company thought it also means Cook's security could be at risk.

In addition to his $9.33 ($A11.9 million) million bonus, Cook receives a $US3.06 million ($A3.8 million) salary and $89.2 million in Apple stock, for a total of $US102 million ($A130 million) this year alone.

Two-goal hero Arnautovic says West Ham 'unlucky' to draw with Bournemouth
The Irons will no doubt be furious as they were denied two points while the Cherries gained a valuable point from the game. West Ham were also beaten on Saturday afternoon, going down 3-2 at home to Newcastle United.

During 2017 Tim Cook's personal security costs were calculated at nearly half a million dollars, ($224,216.00), alongside a $93,109 bill for traveling on private jets for non-business trips.

Further, the proxy statement says that Cook will have to pay taxes anytime he uses an Apple private jet for personal travel as the cost will come under extra compensation. Apple's senior vice president of retail, Angela Ahrendts, former CEO of Burberry, topped the list with a total compensation of $24.2 million in 2017. Iger's personal air travel expenses totaled $282,831 in fiscal 2016, while the Facebook chief executive racked up about $871,390 in costs related to personal usage of private planes past year.

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

Pakistan issues new video of Kulbhushan Jadhav
Dr Faisal said that Kulbhushan Jadhav has admitted that RAW had given him task of conducting terrorist activities in Pakistan. Jadhav's family had a brief stop at the mission again before they headed to the airport to catch a flight to India via Dubai.

This post has been updated with a clarification. He has also been told to fly private due to security reasons. The glass-sided store sits on shore of the Chicago River in the city's downtown.

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