Friday, March 29

Tag: apple employees

2017 Was A Very Happy Year For Apple’s Tim Cook With A Total Payout Cheque Of $102M
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2017 Was A Very Happy Year For Apple’s Tim Cook With A Total Payout Cheque Of $102M

Turns out the year 2017 for iPhone maker Apple Inc's chief executive officer Tim Cook was very happy. In a recent regulatory filing by Apple, it was revealed that Tim received a 74 percent increase in his annual bonus for fiscal 2017. Cook's incentive pay totaled around $9.3 million for the year ending September. He also took home $3.06 million in salary and a previously disclosed equity award of $89.2 million, bringing his total payout for the year to about $102 million. According to Bloomberg, his top five lieutenants each got bonuses of $3.11 million, bringing their total compensation to about $24.2 million each, including salaries and stock awards. Apple has increased the proportion of performance shares in its equity awards, which boosts potential future earnings for the ...