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

Share

His pay jumped 47% to $12.8M, up from $8.7M in 2016.

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

"I couldn't be more excited about Apple's future", said Cook during a call with analysts to discuss the company's quarterly earnings in November.

Cook's actual salary saw a comparatively smaller $57,692 increase, but the bulk of his nearly $4 million raise came from performance-based cash bonuses.

Private air travel has become very expensive and to a point that even the wealthiest of businesspeople do not always use it. Warren Buffett named his private aircraft The Indefensible when finally giving into the convenience and the luxury they bring. According to a report by Mac Rumors, Tim Cook apparently received a salary of $3.06 million this year.

Kane Hits Hat-trick, Equals Shearer's Record as Spurs Thrash Burnley
Kane scored a first-half penalty against Burnley before finding the back of the net twice after the break to achieve the feat. The team today fought, it was a massive battle, Burnley are doing a fantastic season, for me it is an wonderful performance.

Cook also benefited from a generous share award, banking $89.2 million United States dollars worth of Apple stock as part of a compensation package agreed when he was appointed chief executive in 2011.

Apple said transporting the chief executive around the world in 2017 cost more than $93,000 (£69,000) and his personal security costs ran to more than $220,000 (£163,000). That brings Cook's total compensation for 2017 to a whopping $102 million.

Just like Cook, other Apple executives can also use the private jets when required.

Cook took home far less than other top Apple executives including chief financial officer Luca Maestri and senior vice president Angela Ahrendts, who received some $US24 million ($A30 million) for the year. The flight policy was implemented in the interest of efficiency and security in 2017, based on the highly visible role as CEO of Cook.

The proxy filing to the SEC comes as Apple announced it would be holding its annual share holder meeting on 13 February at the Steve Jobs Theatre, where it also launched the iPhone X.

Share