Apple CEO Tim Cook's total compensation package for 2017 is $102…
Apple CEO Tim Cook's total compensation package for 2017 is $102…
An Apple iPhone 7
29 December, 2017, 02:10
For AppleCEO Tim Cook, fiscal year 2017 brought good tidings in the form of a hefty 47 percent pay increase and use of a private aircraft. Apart from the salary, he received Dollars 89.2 million in equity award.
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.
"This policy was implemented in 2017 in the interests of security and efficiency based on our global profile and the highly visible nature of Cook's role as CEO", Apple said in the shareholder proxy statement filed late on Wednesday.
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). In 2016, missed targets meant Apple execs got only 89.5 per cent of their potential cash incentive payouts for the year.
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.
Power outage strikes Disneyland in California
A park spokesperson said power has been restored to a majority of the park, although though some rides may still be affected. KABC reports that the park was near capacity when the outage occurred in both Fantasyland and Toontown.
Apple'sfiling disclosed Cook's pay, as well as the earnings of other top executive officers who made out even better than their boss.
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. Cook has not received an equity award since 2011, when he was named CEO after serving previously as COO.
Cook's predecessor, the founder of AppleSteve Jobs had his own private jet that was gifted to him during 2000 by Apple.
Apple's stock (NASDAQ:AAPL) has been on the climb since the beginning of 2017, which is in line with the NASDAQ composite, the index of the market for which Apple is traded, for the year. Last year, sales declined compared to 2016. Being the top performer in the smartphone industry in the last quarter, Apple brought home nearly United States dollars 151 more than Samsung. That amount also includes Apple stock that vest only if they stay with the company.
In the Lok Sabha , Congress members kept protesting near the Speaker's podium with banners and forced three adjournments. Subramanian Swamy (BJP) claimed Ambedkar did not include the word secularism in the Constitution.
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Felix Gedney, deputy commander of strategy and support for the coalition, told reporters during a Pentagon briefing on Wednesday. USA troops have served as advisers on the ground with Iraqi government forces and with Kurdish and Arab groups in Syria.
The teens entered a denial to the murder charges when they appeared in court Wednesday, The Toledo Blade reported . HuffPost is not identifying the defendants because they have been charged in juvenile court.
The pilot assured the Air Traffic Control that he had the situation under control immediately after the shaky landing. Chisholm added the accident was not the fault of the pilot. "Everybody was applauding him at the end", he said.
At the First Lady's request wood from the tree will be preserved, as will seedlings to facilitate the planting of a new magnolia. While the tree will no longer be a part of the White House vista, there are efforts being made to ensure the wood is preserved.
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Extreme cold weather alert continues
While the extreme cold warning for Thunder Bay was lifted mid-morning on Wednesday, Kimbell called it a bit of a technicality. The last time the city saw temperatures drop below minus-20 on December 27 was in 1993, according to Environment Canada .
Mastercard report: Holiday retail sales up 4.9%
Although Quinlan admitted that the strong USA economy was a contributing factor, an upgraded customer experience also helped. Sales of electronics and appliances increased by 7.5 percent, the largest increase in a decade according to Mastercard .
Temperatures in the Teens Tonight
A scattered snow chance will continue through the day on Saturday with the best chances still remaining north. But winds from the northwest, gusting more than 20 miles per hour at times, make it feel like the teens.
Nike Unveils NBA City Edition Jerseys
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Several dead following crash near Abilene
The Montana Highway Patrol reports the crash, which is believed to have been a head-on, happened just before 3 p.m. near Ravalli. Another vehicle also going eastbound hit the Traverse, which made it run off the roadway and overturn.
Nintendo Switch High Capacity Cartridge s Delayed to 2019
The difference between the standard Nintendo Switch cartridge capacity and the upcoming 64GB cartridge can be massive. A report from the Wall Street Journal claims that Nintendo aims to release the 64GB game cards to developers in 2019.
Mn Power Crews And Equipment Head To Puerto Rico
The crew was sent to Virginia Tuesday, where they'll be loaded onto a barge and transported to the USA territory. Ameren co-workers will work in the Carolina Region, located on the northeast coast immediately east of San Juan.