Research

The iPhone 'forces' Tim Cook to fly private

The iPhone 'forces' Tim Cook to fly private

A year after delivering an unusual pay cut, Apple (NASDAQ:AAPL) gave CEO Tim Cook a major boost in compensation for fiscal-year 2017 as the company exceeded annual sales and profit goals.

The board of directors of Apple Inc. has told their CEO Tim Cook that he must fly a private jet when traveling, whether it is for work or pleasure. Cook must use an Apple private jet whenever he travels, whether it is for work or pleasure. Apple notes that Cook added $93,109 in personal travel costs for the company, "based on hourly flight charges and other variable costs incurred by Apple for such use, including variable fuel charges, departure fees, and landing fees". In 2017, Cook received a previously disclosed $89 million stock payout as part of a welcome package dating back to 2011.

The market capitalization for the iPhone maker has been hovering around $900 billion and is up almost 50 percent for the year.

And with the iPhone 8 and iPhone X now on the market, Cook is hoping for Apple's strongest fiscal year ever in 2018.




In 2016, Cook had security expenses of $220,432. Mr. Cook's pay increase was driven by his cash bonus, which was hinged on exceeding.

Of that total, only US$3,057,692 came from Cook's base salary, which was about the same as the year before. In 2017, it was nearly identical, at $224,216, but included the addition of personal air travel expenses in the amount of $93,109. Retail chief of Apple, Angela Ahrendts, was among the one who was the highest paid executive, bagging in $24,216,072.

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.

The election is set to occur on Apple's next shareholders meeting February 13 at the Steve Jobs Theater in Apple Park.


  • Steelers vs. Texans: 4 bold predictions sure to go wrong

    Steelers vs. Texans: 4 bold predictions sure to go wrong

    After their epic contest on December 17 won by the Patriots in controversial fashion, the rematch is nearly a certainty. Hopkins did not have a reception until the final play of the third quarter and finished with four catches for 65 yards.
    At least four displaced by Christmas morning fire

    At least four displaced by Christmas morning fire

    They attempted to extinguish the flames with a garden hose before escaping the house and calling E-911. Firefighters found heavy smoke and fire when they arrived on Chestnut Street.
    Papa John's Founder Quits After NFL Remarks

    Papa John's Founder Quits After NFL Remarks

    The company now operates more than 5,000 locations. "The NFL has hurt us", Schnatter said on November 1. Papa John's will no longer have Papa John as CEO.
  • States Reporting Widespread Flu Nearly Doubles in One Week

    States Reporting Widespread Flu Nearly Doubles in One Week

    To locate a flu shot clinic near you, visit 2-1-1 Arizona or call 211 within Arizona or toll free 1-877-211-8661 from anywhere. In short, prevention is always better than cure; the best defense against the flu is to get an annual flu shot.
    Can you real estate tax before the new law kicks in?

    Can you real estate tax before the new law kicks in?

    Prince William County taxpayers are able to prepay their 2018 taxes , though the county's Tax Administration Division. But there's a new post-Xmas frenzy this year, focused not on malls or sports palaces, but on local tax offices.
    Kylie Jenner Confirms She Was at Her Family's Christmas Party!

    Kylie Jenner Confirms She Was at Her Family's Christmas Party!

    They pouted up a storm for a joint picture before Kim zoomed in on Khloe's rounded tum, over which she'd placed a protective hand. The curly-haired toddler, three, perched on his lap for a selfie as Kim, 37 , also plonked on his knee for their festive picture.
  • What's Next For Your Tree Once Christmas Has Come And Gone?

    What's Next For Your Tree Once Christmas Has Come And Gone?

    Claytor Lake State Park encourages the public to help with this project. Stille Edwardsville Township Community Park, 6368 Center Grove Road.
    Jai Ram Thakur Selected As Himachal CM, Has Strong RSS Links

    Jai Ram Thakur Selected As Himachal CM, Has Strong RSS Links

    The results for Himachal elections were declared on 18 December 2017 and BJP won the polls with a comfortable majority. Dhumal, who was expected to take over as chief minister, was in the reckoning till Saturday night, when he opted out.
    BJP's 'conspiracy' stands exposed with 2G verdict: Congress

    BJP's 'conspiracy' stands exposed with 2G verdict: Congress

    Senior BJP leader and HRD Minister Prakash Javadekar said the Congress was "shamelessly celebrating" the verdict. In 2012, the Supreme Court cancelled the licences and ordered auction of the radiowaves.
  • Here's How Cardi B Is Handling Her Nudes Being Leaked Online

    Here's How Cardi B Is Handling Her Nudes Being Leaked Online

    Cardi took to twitter to clear that Offset is still her boy, she tweeted on December 25 "I still put the p***y on Offset ". You know there's videos of me stripping with my t*****s and a*s out on YouTube already right?' "Yaaa can't be that slow".
    After Jadhav gesture, Indian army martyrs three Pakistani soldiers on LoC

    After Jadhav gesture, Indian army martyrs three Pakistani soldiers on LoC

    India, however, maintains that Jadhav was kidnapped from Iran where he had business interests after retiring from the Indian Navy. Pakistan officials claimed that more such meetings will take place, reports said.
    Bus plunges into Moscow pedestrian underpass

    Bus plunges into Moscow pedestrian underpass

    Monday is an ordinary working day in Russian Federation , where Orthodox Christmas will be celebrated on January 7. Moscow police believe the bus crash was caused by mechanical fault or the driver lost control on the vehicle.