Apple CEO Tim Cook's total compensation package for 2017 is $102…

29 December, 2017, 00:58 | Author: Regina Lloyd
  • Apple CEO Tim Cook's total compensation package for 2017 is $102…

Apple's chief executive Tim Cook took home $102m (£76m) previous year, largely thanks to bonuses tied to the company's stock price.

Cook's total compensation for 2017 jumped to $12.8 million - a roughly 47 percent increase from past year.

"Apple was above its target performance goals for both net sales and operating income, resulting in a payout of each named executive officer's annual cash incentive at 155.5% of target", the company's filing said. The last year, 2016, was not really a good year for Apple, as the sales had gone down.

Net sales for the year to the end of September rose to $229.2 billion, beating the target of $225.2 billion and up from last year's $215.6 billion.

Apple's other top execs made out even better than their boss, each of whom was awarded $20 million in stock.

But Cook's overall compensation - not counting the value of his shares that vested this year - was the lowest among the six senior executives in fiscal year 2017.

"I couldn't be more excited about Apple's future", said Cook, during a call with analysts to discuss the company's quarterly earnings in November.




In 2014, executives including Dan Riccio, chief of hardware engineering, and former general counsel Bruce Sewell received performance awards that paid out three years later at nearly twice as many target shares as planned after Apple's stock returned 69 per cent over that span, including reinvested dividends.

Absent from Apple's filing are details about what the company paid chief design officer Jony Ive, considered by some to be its most important employee.

Most of his payment was in the form of non-equity incentive plan compensation, which is essentially a cash bonus for top executives. It also includes $440,374 in "other" compensation, according to a regulatory filing.

"As an additional security measure for Mr. Cook, the Board also requires that he use private aircraft for all business and personal travel", Apple wrote in the filing.

And with the iPhone 8 and X in the market, Cook hoped for Apple's strong fiscal year ever in 2018.

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

Recommended:

  • Ukraine crisis: Prisoner exchange begins

    Ukraine crisis: Prisoner exchange begins

    The conflict in Eastern Ukraine started in April 2014 after Russian Federation annexed Ukraine's Crimean penninsula. Numerous captives are not combatants; some are activists and bloggers who were charged with spying or treason.

    Android One Moto X4 now being updated to 8.0 Oreo

    Furthermore, Mi A1 does support Qualcomm's Quick Charge 3.0, but the company does not provide a fast charger with the retail box. The report adds that unlocking fast-charging in the device charges the Mi A1 from 0 to 100 percent in 92 minutes.
    Liverpool, Man City or Barça: what's coming next for Van Dijk?

    Liverpool, Man City or Barça: what's coming next for Van Dijk?

    Current Saints manager Mauricio Pellegrino confirmed that the player is on the verge of leaving St. Pellegrino said: "I guess, with Virgil, there is a lot of speculation".
  • WhatUpp Wireless Charger, With Range Of Three Feet, Gets FCC Approval

    Energous' power-at-a-distance system boasts a greater distance than Pi and is still able to charge multiple devices at once. An affordable wireless-charging option is an attractive proposition for makers of mass-market cell phones.
    Forecasters: New Year's temperatures could drop into teens

    Forecasters: New Year's temperatures could drop into teens

    Long duration snow event is expected to sweep over Montana Thursday through Sunday morning. Forecasters suggest layering up even if you only expect to be outside a short time.
    FBI Deputy Director to retire next year

    FBI Deputy Director to retire next year

    It is being reported that McCabe confirmed he was told by Comey that Trump demanded a loyalty pledge from the ex-FBI chief. In recent days, President Donald Trump has used his Twitter account to target FBI Deputy Director Andrew McCabe .
  • Google is planning to open stores in India to boost Pixel sales

    Google is planning to open stores in India to boost Pixel sales

    Google, however, gave no information on the development, and told ET that the company does not comment on rumors and speculations. Modi to sell Android devices and the stores called AndroidLand to sell multiple brand products were opened.
    Kentucky woman killed 'savagely' in dog attack identified

    Kentucky woman killed 'savagely' in dog attack identified

    WYMT reports that Lorraine Saylor was putting out bird seed in her yard when she and her husband were attacked by two pit bulls. Her husband, Johnny Saylor, rushed outside to help only to be attacked by the dogs as well, according to WKRN .
    Red Cross helping after Christmas Eve Apartment Fire

    Red Cross helping after Christmas Eve Apartment Fire

    For or more information about donating items to the family Pembroke Fire Department ask that you call Nick Belair at 315-391-4900. Walsh said three people were injured, with two refusing transport and a third transported to a hospital in good condition.
  • 3 takeaways from Seminoles' win over Southern Miss

    3 takeaways from Seminoles' win over Southern Miss

    Moving forward, it'll be Willie Taggart's team after he fled OR to fill the vacant post left by Jimbo Fisher, now at Texas A&M. Haggins will coach the defensive line under the former OR coach, who came to Tallahassee after one season coaching the Ducks.
    New England Patriots expected to sign James Harrison

    New England Patriots expected to sign James Harrison

    The addition of a veteran talent like Harrison could be a stroke of genius from the Patriots this late in the season. Former Steelers linebacker James Harrison signed a one-year contract with the Pats today, according to a source.
    Civilization VI is now on iPad, but it's not cheap

    Civilization VI is now on iPad, but it's not cheap

    Still, Civilization is a thoroughly addicting game, and one that seems ideal for the pick-up-and-go possibilities of the iPad. Aspyr's FAQ points out one difference: The iPad version's multiplayer modes work only on a local network "as of this point".


Popular

Dana White Reports He's Meeting With Floyd Mayweather's Team…
A blockbuster payday from his August boxing match with Floyd Mayweather has put McGregor in the driver's seat with his career. White recently appeared on " Undisputed " on FS1 and told Skip and Shannon not to rule out a Mayweather fight in 2018.

Donald Trump savages Vanity Fair for saying sorry to Hillary Clinton
"It was an attempt at humor and we regret that it missed the mark", Beth Kseniak, a spokeswoman for Vanity Fair said Wednesday. It was there that Carter dubbed Trump a "short-fingered vulgarian", an insult that has followed the president to this day.

Mourinho feared Manchester United fans would boo tactics
Jose Mourinho and Zlatan Ibrahimovic picked up most of the blame for Manchester United's 2-2 draw vs Burnley in the Premier League .

Cleveland Browns: Josh Rosen's reasonable reaction ramifications
The Trojans star is expected to be one of the first players taken if he makes himself eligible. They can draft Rosen and basically dare him to sit out for a year or make the best of things.

Winter Weather Advisory for Southeast NY & Northern Fairfield County
CHRISTMAS: Snow in the morning (mix to snow along the shore), partial clearing during the afternoon, and becoming windy and cold. Lows near 10 below are expected Christmas Day morning in Great Falls, according to the National Weather Service .

Top JeM commander killed in Pulwama encounter
Security forces further tightened the Cordon in the village, they said adding exchange of fire continued till 0400 hrs on Tuesday. Noor was shifted to Srinagar jail and was released on parole in 2015 after which he reported joined JeM to lead the militants.

Rajinikanth to declare political plans on December 31
Now when I ask him as a senior in the film industry, he says "come with me, I'll tell you". He had said, "Even God can't save Tamil Nadu if Jayalalithaa returns to power".

CHP Officer Killed, Second Officer Injured In Horrific Highway 880 Crash
Brown said that Capitol flags will be flown at half-staff to honor Camilleri, who had been working for the CHP for about a year. Sanchez identified him as 33-year-old Andrew Camilleri, a married father of three children.

It Seems Like Julian Assange Deleted His Twitter
WikiLeaks also posted a screenshot of the US Navy's since-deleted tweet which read " Julian Assange " in quotation marks. Assange followed up with a promotional tweet, and a cute corgi, linking it to WikiLeak's donation page.

Amazon.com, Inc. (AMZN) Buys Home Security Camera Startup Blink
Amazon has been widening their range for smart home technology ever since the tech became so relevant in today's society. It's Day 1 for us at Amazon, and we're looking forward to seeing what we can deliver to our customers together.