Tim Cook gets a 46 percent pay raise in 2017

Apple's Tim Cook Gets 74% Bonus Boost After Sales, Profit Rebound

According to a U.S. Securities and Exchange Commission filing made public this week, Apple's top brass - including CEO, Tim Cook; CFO, Luca Maestri; Chief Counsel, Bruce Sewell, and others - received substantial compensation packages in 2017, following what was arguably one of Apple's most successful years in business on record. It's a healthy jump from the $8.5 million he banked in 2016 when Apple's revenue dipped slightly.

According to a new shareholder proxy statement from Apple, the board of directors has approved that Cook must fly on private aircraft whenever he travels, be it for business or personal goal.

Cook's personal security costs also totalled $US224,216, ($A287,702) according to the filing. Mr. Cook's pay increase was driven by his cash bonus, which was hinged on exceeding.

However, Cook is also sitting on a pile of Apple stock.

Apple's total tab for Cook's personal trips on the private plane was $93,109 in the 2017 fiscal year, which ended in September.

Samsung's new A8 and A8 Plus devices feature a dual selfie camera
As of now, there is no information about the launch of Galaxy A5 (2018) and Galaxy A7 (2018) smartphones. The Galaxy A8 and A8 Plus will probably be flaunted at the CES 2018 technology show in January.

The flight policy for Apple's CEO was implemented in 2017 in the interests of security and efficiency based on Cook's highly visible role.

Senior retail vice president Angela Ahrendts eked out the highest paid honor by less than $100,000 due to additional compensation to help Ahrendts - the former Burberry CEO - move "closer to Apple's headquarters", according to the SEC filing. In 2016, Apple suffered shrinking iPhone sales and its first annual sales decline in 15 years.

Cook's compensation was almost half those of the $24.1 million packages for CFO Luca Maestri, SVP of hardware engineering Dan Riccio and general counsel Bruce Sewell. In 2017, it was nearly identical, at $224,216, but included the addition of personal air travel expenses in the amount of $93,109.

The election is set to occur on Apple's next shareholders meeting February 13 at the Steve Jobs Theater in Apple Park. The personal travel costs are added to Cook's overall taxable income for the year.

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