Apple CEO Tim Cook's Annual Pay Jumps 47% to $12.8 Million

Apple CEO Tim Cook's Annual Pay Jumps 47% to $12.8 Million

A year after delivering an unusual pay cut, Apple Inc. gave Chief Executive Tim Cook and other top executives a big boost in compensation for fiscal-year 2017 as the company exceeded annual sales and profit goals, according to a security filing on Wednesday.

So the iPhone maker now wants Cook to fly private for "all business and personal travel", it said in the filing. In all, Cook in 2017 made at Apple $12,825,065, which included a contribution of $16,200 to Cooks retirement account by the company.

The company is heavily dependent on the success of iPhones, which account for more than two-thirds of its total revenue. Apple's shares have increased by more than 200% since Cook became chief executive in August 2011, shortly before founder and previous chief executive Steve Jobs died. The flight policy was implemented in the interest of efficiency and security in 2017, based on the highly visible role as CEO of Cook. Apart from the salary, he received Dollars 89.2 million in equity award. The report goes on to note that in 2017, the cost of Cook's private airfare came to about $93,109, while his personal security detail (bodyguards, etc.) cost the tech titan an additional $224,216.

Lavrov, Tillerson discuss need for urgent North Korea negotiations: Moscow
This may open the way for the de-escalation of tensions between the USA and North Korea, Peskov added. North Korea's foreign ministry on Sunday slammed the latest round of measures as "an act of war".

Senior retail vice president Angela Ahrendts eked out the highest paid honor by less than $100,000 due to additional compensation to help Ahrendts - the former Burberry CEO - move "closer to Apple's headquarters", according to the SEC filing.

Cook has little to say about the situation if the board tells him he must use the private jet.

Of that total, only US$3,057,692 came from Cook's base salary, which was about the same as the year before. The article previously stated Tim Cook received a private plane when he actually received the use of a private aircraft.

Control of Virginia's State House Could Be Decided by a Coin Toss
In the case of a tie in a House race, Virginia law says the victor will be chosen by what is known as a coin toss . He said the ballot in question contained a mark for Democrat Shelly Simonds as well as a mark for Republican Del.

Apple doled out rewards to other top executives besides Cook, too.

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.

Facebook fights imposter accounts with facial recognition
With the new feature called "photo Review", Facebook will find your face and notify you, even if you are not tagged. Since 2010, face recognition technology has "helped bring people closer together on Facebook".

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