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U.S. Securities and Alternate Fee filing was made public earlier this week and in line with it, Apple’s CEO Tim Cook acquired substantial compensation packages in 2017. It is no open secret that 2017 was one of many Apple’s most profitable years in enterprise.
For all his laborious work, Tim acquired $9.33 million efficiency bonus in 2017, but additionally took house $3.06 million in wage
Cook’s whole compensation for 2017 was a whopping $102 million which additionally contains a tremendous $89.2 million fairness award for being Apple’s devoted CEO since 2011.
The report additionally added about Tim’s journey. Tim Cook earned a non-public jet to journey and save time and can proceed to do in future as properly.
With all of the success of Apple’s newest flagship fashions and different merchandise, Apple actually feels this price is all justified so long as revenues improve and firm grows.