Apple CEO Tim Cook's massive salary and perk revealed

Apple CEO Tim Cook will now have his own private aircraft for personal travel for "security and safety reasons", a regulatory filing with Securities and Exchange Commission (SEC) has revealed.

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


It comes as Cook's yearly bonus was increased by 74 per cent as Apple reported higher revenue and profits.

Apple CEO Tim Cook chats with attendees of the iPhone X event. Cook ended up spending around $93,109 on personal air travel this year. Cook's earnings increase came largely from a boost in incentive pay; he earned $5.4 million a year ago.

Cook also benefited from a generous share award, banking $89.2 million Dollars worth of Apple stock as part of a compensation package agreed when he was appointed chief executive in 2011.


The filing showed Cook received some $12.8 million in compensation for 2017, including a salary of $3 million and incentive awards.

The market capitalisation for the iPhone maker has been hovering around $US900 billion (more than $A1 trillion) and is up almost 50 per cent for the year.

Shareholders who feels like attending the shareholders meeting that will take place in the Apple Park, at Steve Jobs Theatre, requires registering themselves using the Proxyvote.com beginning at 8:00 am on 22 January, 2018. Being the top performer in the smartphone industry in the last quarter, Apple brought home nearly United States dollars 151 more than Samsung. "However, this is down from 86 per cent share in the same quarter past year when Samsung had to gulp up a loss due to the Galaxy Note 7 debacle", said Research Director Neil Shah.


Since then, demand for Apple's newer iPhone models has been strong, and the company has gotten continued traction from its services division, which includes Apple Pay, AppleCare and digital content.

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