The statement continues by saying that any time an Apple private jet is used by Cook for personal travel, costs are to be considered as extra compensation, on which the CEO would need to pay the appropriate taxes.
In fiscal year 2016, Cook's salary actually dipped $1.5 million from the prior fiscal year. That brings Cook's total compensation for 2017 to a whopping $102 million. The equity compensation is composed of shares that vest exclusively based on the executives' continued employment and others tied to the performance of Apple's stock compared with other S&P 500 companies. That included security expenses in the amount of $224,216, a vacation cash-out in the amount of $103,846, and personal air travel expenses of $93,109 representing "the incremental cost to Apple for Mr. Cook's personal use of private aircraft based on hourly flight charges and other variable costs incurred by Apple for such use".
For AppleCEO 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.
According to new report from Bloomberg, Cook enjoyed a 47 percent jump in compensation in 2017, pulling in $12.8 million United States dollars for the year, including a $9.3 million cash bonus. This policy was implemented in 2017 in the interests of security and efficiency based on our global profile and the highly visible nature of Mr. Cook's role as CEO.
The election is set to occur at Apple's next shareholders meeting February 13 at the Steve Jobs Theater, on the company's newApple Park campus in Cupertino.
Obama edges Trump as most-admired man, again Obama is only the second former president to win the "most admired" title, along with Dwight Eisenhower in 1967 and 1968. Barack Obama has retained the title of world's most admired man in a Gallup survey for the 10th year in a row.
However, Cook is also sitting on a pile of Apple stock.
"In 2017, Apple was above its target performance goals for both net sales and operating income, resulting in a payout of each named executive officer's annual cash incentive at 155.5% of target", the tech giant said in its annual proxy filing with the SEC.
Other employees at Apple, including Executive Officers Luca Maestri, Johny Srouji, Angela Ahrendts, Dan Riccio and Bruce Sewell also ended up drawing in bonuses of about $3 million each.
Since then, demand for Apple'sneweriPhone models has been strong, and the company has gotten continued traction from its services division, which includes Apple Pay, AppleCare and digital content.
Tim Cook, the chief executive of Apple, saw his pay package rise by $4 million to $12.8 million thanks to a bounce in sales.
The Clark-Atlanta University graduate and Emmy-winning journalist spent 26 years at WAGA-TV, now a Fox affiliate. Amanda Davis , 62, was at the Hartsfield-Jackson Atlanta International Airport when she suffered the stroke.
Carson Wentz, Jared Goff, Dak Prescott, and Deshaun Watson were all passed on by Cleveland in the last two years. That out the way, the redshirt sophomore is playing something of the anti-Josh Rosen in this situation.
Both nations claim Kashmir in full. "On the other hand, the entire episode unfolded was deeply unsatisfactory". He said the meeting was originally scheduled to last half an hour but was extended by another 10 minutes.
He was selected to start in the Pro Bowl for the second consecutive season, but will not be participating due to the injury. I guess he don't remember things, " Collins said on December 14 when reporters relayed Apple's reaction.
Jayne Synclair said her sister was in court on Christmas Day but the judge adjourned the case for a day because of her condition. Although legal in Britain, Tramadol is banned in Egypt and several other countries due to its abuse as a heroine substitute.
The FBI has said McCabe did not start overseeing the Clinton investigation until his wife's state Senate campaign was over. McCabe's wife, Jill, did not get $700,000 in donations from Hillary Clinton for a Virginia state Senate race in 2015.
Aspyr's FAQ points out one difference: The iPad version's multiplayer modes work only on a local network "as of this point". To make a comparison, 2K Games charged players $19.99 when the XCOM: Enemy Unknown was launched for iOS in 2013.
But his role decreased as the Steelers transitioned to more pass-coverage work for outside linebackers and rookie. Harrison originally signed with the Steelers as an undrafted free agent out of Kent State in 2002.
Musk tweeted that it was "definitely aliens" sharing a video of the launch with the caption "nuclear alien UFO from North Korea". Calls came into TV stations as far afield as San Diego, more than 200 miles south of the launch site.
Power outage strikes Disneyland in California
The outage is now affecting the Toontown and Fantasyland sections of the park, with crews working furiously to restore power. Twitter user Geoff Fienberg tweeted that he was " stuck on a fuckin ride " (he later identified it as "It's a Small World").
Vijay Rupani sworn in as CM of Gujarat
Once a BJP fortress, it has swung against the party these elections, but has managed maximum representation with seven ministers. Sources said that senior party leaders met Amit Shah to finalise the names of the ministers in Rupani's cabinet.
Winter Weather Advisory in Place Overnight Tonight for Snow
By Monday afternoon, winds will blow from the west at 18 to 28 miles per hour, and temperatures will reach about 42 degrees. And 6-9 inches of snow outside 495 (again, NW of Boston), Worcester, to northern MA into VT & NH (away from the coast).