Apple takes care of its CEO, Tim Cook, and it is not surprising that he is very important. Cupertino’s top management acknowledges that forces its CEO to make his business and personal trips by private plane , as certain US media have commented today.
The Securities and Exchange Commission (SEC) received today a report detailing that this decision by the board of directors was made based on the safety of its CEO and making the trips many efficient to avoid wasting time due to the big agenda that obviously has Tim Cook. Specifically, they have spent $93,000 on the Apple CEO’s trips and $225,000 on his personal security.
Tim Cook, current CEO of Apple. Photo taken from TIME magazine.
Along with this data we have also been able to find out how much Tim Cook charges, something that is always very much in demand. The salary that we have been able to know is 12.8 million dollars a year, which at the exchange rate would be about 10.7 million euros , being one of the best paid CEOs in the world, increasing his salary more than double that of last year (we can see that the benefits are increasing).
Another income that Tim Cook has had is the stock packages that we are used to seeing with this public character from Apple. In total, he has received in this fiscal year Apple shares for the amount of 89 million dollars, which in euros is 74.8 million euros.
This increase in their salary, which is the most shocking and also the most controversial, is due to the record income they have had this year, and it seems that they have decided to celebrate it by raising their salary a little more, almost double.
All the problems the company is currently having, such as the accusation that iPhones are slowing down over time have not led to a reduction in salary but quite the opposite.
So, here the big question of many people is solved, Tim Cook charges 12.8 million dollars (10.7 million euros) per year. Let me know in the comment box what you think about this.