Apple boosts pay for Tim Cook

29 December, 2017, 01:09 | Author: Rolando Keller
  • Apple boosts pay for Tim Cook

Apple's board implemented a policy in 2017 requiring Cook to "use private aircraft for all business and personal travel" for his safety, according to regulatory filings published on Wednesday.

As if that weren't enough, at the behest of Apple's Board of Directors, Cook was also required to fly around for official business exclusively on a private jet this year, and will continue to moving forward, the report added.

Mr Cook became Apple's chief executive after Steve Jobs resigned in 2011 and shares in the company have more than tripled under his watch.

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.

The head of the world's most valuable company has stopped flying commercial. He has been told by the company to do so following security concerns. "Apple exited the quarter with some iPhone 8 inventory due to softer than expected demand compared to the iPhone 7 series", Counterpoint said. For Cook, that meant that his annual cash "incentive plan" reward increased to $9,327,000 in fiscal 2017, up from $5,370,000 in 2016.

Jessica Falkholt and sister Annabelle fighting to life after vehicle crash
The number of road fatalities in the state since December 15 has reached 21, an increase of 14 people compared to past year . The NSW state road toll is now at 21, and police are warning drivers about "fatigue and complacency" while behind the wheel.

Former Steelers LB James Harrison expected to sign with Patriots
Both the Steelers and Patriots have earned a playoff berth and a bye-week in the upcoming National Football League playoffs. After playing in 587 snaps previous year , Harrison was only at 40 snaps before his release .

Local Firefighters Return from California wildfires in time for Christmas
Cal Fire says the flames have burned through 1,063 buildings and is just 65 percent contained after starting on December 4th. The Snohomish County crew was among 8,000 wildland firefighters battling to contain the wind-blown blaze.

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

Cook's compensation was almost half those of the $24.1 million packages for CFO Luca Maestri, SVP of hardware engineering Dan Riccio and general counsel Bruce Sewell.

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 SVP of retail Angela Ahrendts and SVP of hardware technologies Johny Srouji brought in about $24.2 million for the year.

Apple revealed the details today in a proxy statement filed with the United States Securities and Exchange Commission ahead of the company's annual shareholders meeting, scheduled for 13 February 2018.


  • Virginia Democrat asks court to reconsider decision to tie House race

    Virginia Democrat asks court to reconsider decision to tie House race

    Gretchen Heal, a spokeswoman for the Yancey campaign, declined to comment Tuesday on the Simonds campaign's planned litigation. Simonds's campaign has also requested the drawing be delayed so it can convince the court that the vote shouldn't be counted.
    Steelers rout Texans to clinch playoff bye

    Steelers rout Texans to clinch playoff bye

    Taylor Heinicke made his National Football League debut and played two series before Yates returned early in the third quarter. Yates completed 7-of-16 passes for 83 yards with one touchdown and one interception in Monday's Week 16 loss to the Steelers .
    COAS joins Christian community's Christmas celebrations

    COAS joins Christian community's Christmas celebrations

    "This year also we did not make it so big, but colourful celebrations are taking place", said Father Roy at the Holy Family Catholic Church on MA Road in Srinagar .
  • Christmas temperatures dip to coldest in decade

    Christmas temperatures dip to coldest in decade

    Most of IN was under winter weather advisory with officials urging motorists to stay put unless they absolutely had to travel. Strong winds are predicted for Massachusetts, Connecticut and Rhode Island with gusts up to 65 miles per hour (105 kph).
    Vijay Rupani takes oath as Chief Minister of Gujarat

    Vijay Rupani takes oath as Chief Minister of Gujarat

    Patel's continuance as Rupani's deputy indicates that the influential Patidar community will be well represented in the new Gujarat government.
    UCLA's Josh Rosen Gives Thoughtful Answer To Question About Skipping Bowl Games

    UCLA's Josh Rosen Gives Thoughtful Answer To Question About Skipping Bowl Games

    Rosen is now in concussion protocol and will sit out of the Bruins' Cactus Bowl matchup against Kansas State this week. The Giants (2-12) would secure the No. 2 pick with losses in Arizona and at home against Washington next week.
  • Powerball jackpot reaches $337 million

    Powerball jackpot reaches $337 million

    Five balls are drawn from a set of balls numbered 1 through 70; the Mega ball is drawn from a set of balls numbered 1 through 24. The prize jumped after no winners came forward following Saturday night's drawing, according to the Illinois Lottery.
    Miss America suspends CEO over misogynistic emails

    Miss America suspends CEO over misogynistic emails

    Haddad joins CEO Sam Haskell , chairman Lynn Weidner and president Josh Randle , who have resigned in the aftermath of the report. As of Friday, the revelation had brought out 49 Miss Americas to petition for Haskell and others to be fired.

    Trump looks for plaudits, inks tax law

    Republicans also claim a typical family of four earning the median family income of $73,000 will receive a tax cut of $2,059. On Twitter, he wrote that the mainstream media "NEVER talk about our accomplishments in the end of year reviews".
  • Led coalition says fewer than 1000 ISIS fighters remain in Iraq, Syria

    Led coalition says fewer than 1000 ISIS fighters remain in Iraq, Syria

    Russian Federation bombed the At Tanf Garrison in June 2016, but there were no USA forces there at the time . In November, Russia's defense ministry claimed it had evidence of the USA supporting ISIS.
    Single digit temperatures tonight, wind chills below zero

    Single digit temperatures tonight, wind chills below zero

    Today for Christmas we'll have mostly cloudy with highs in the mid 20s-mid 30s and winds W/E 5-10 miles per hour . Temperatures will average around 10 degrees on Thursday , with wind chill values as low as 25 below.
    Woman dead, man hurt in 'savage' pit bull attack

    Woman dead, man hurt in 'savage' pit bull attack

    The woman was declared dead at the scene, and emergency responders transported the man to an area hospital. Lankford was in jail on assault and unlawful imprisonment charges at the time of the dog attack.


United States to resume visas in Turkey after 2-month suspension
We continue to have serious concerns about the existing allegations against arrested local employees of our Mission in Turkey. The Turkish embassy in Washington said, however, that it had not offered any assurances to the USA over its detained staff.

CDC: Flu 'widespread' in Pennsylvania
Additionally, a map from the CDC shows that there is widespread flu activity in 23 states across the country. Individuals with weak immune systems and healthy individuals are equally likely to catch the flu virus.

Chrissy Teigen's Terrible, Horrible, No Good, Very Bad Flight
The airline, All Nippon Airways (ANA), said only that there had been a problem with a customer's "flight arrangement". Roughly five hours after the whole mess started, Teigen said they were boarding a new plane.

Christie orders towns to accept 2018 property tax prepay
But under the tax legislation President Donald Trump signed into law Friday, there's a $10,000 cap on the deductions. The tax law does not eliminate medical expense deduction as some had feared it might.

When the city will start curbside pickup of Christmas trees
In Evansville, Republic Services will haul away your natural tree with your regular trash collection. If you have access to a chainsaw, you can also use the tree for firewood.

Kulbhushan Jadhav's mother, wife meet him at Foreign Office amid tight security
The FO spokesperson said India had been presented with a copy of the passport in Jadhav's possession when he was arrested.

Samsung's new A8 and A8 Plus devices feature a dual selfie camera
The Galaxy A8 Plus has a 3,500mAh battery compared with the 3,000mAh cell inside the A8, and both accompany fast charging. On the back, the Galaxy A8 2018 series continues with a single camera , and this one is 16MP with f/1.7 aperture.

Pay double for AC local travel
The AC trains will replace 12 existing non-air conditioned services - six services in up and six in down direction. Fares on the air-conditioned "local" has been priced at 1.2 times the first class ticket for the first six months.

Pregnant Khloe Kardashian Reveals How Far Along She Is!
TMZ reports at said party, both Khloe ( who fiiinally confirmed her pregnancy last week ) and Kylie showed off their baby bumps. Kourtney Kardashian's ex-boyfriend Scott Disick was at the party along with her current modely boyfriend Younes Bendjima.

Two flee suspicious Christmas morning fire that burned vacant Merced home
Nobody was inside the vacant home when firefighters arrived and put out the fire, which Franklin said was suspicious in nature. Walsh said three people were injured, with two refusing transport and a third transported to a hospital in good condition.