Apple’s CEO Made So Much Money This Year He’s Now Forced to Use a Private Plane
It’s not a secret that Apple is a money-making machine, and since the company is expected to finally reach the $1 trillion market value milestone next year, its leading executives are also getting hefty bonuses as well.
Living proof is none other than CEO Tim Cook, who according to a recent proxy statement filed with the United States Securities and Exchange Commission ahead of the February 13 shareholders meeting, received a total compensation package of $102 million for fiscal year 2017.
Cook has a salary of $3.06 million, but he also received $9.33 million in bonuses, in addition to the $89.2 million that he owns in Apple stock.
The $1 trillion market value threshold
This makes him what the Apple policy calls a “highly visible” person, so from now own, Cook needs to use a private aircraft for all business and personal travel needs, according to a report from <a href="https://www.bloomberg.com/news/articles/2017-12-27/apple-ceo-cook-gets-74-bon… (read more)