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

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

The policy was implemented this year "in the interests of security and efficiency based on our global profile and the highly visible nature of Mr. Cook's role as CEO".

In 2017, Cook's personal air travel expenses totaled $93,109, and Apple spent an additional $224,216 in personal security costs provided to Cook.

By far the largest payout went to Apple's CEO, Tim Cook, who not only received a cushy $9.33 million performance bonus for the year, but also took home $3.06 million in salary and a previously disclosed $89.2 million equity award for serving faithfully as Apple's CEO since 2011. From now on Cook will be using only the private jets for all business and personal travels.

The head of the world's most valuable company has stopped flying commercial.




"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 a proxy statement the data was shared today by Apple filed with the United State Securities and Exchange Commission, ahead of the annual shareholders meeting of the company that will be held on 13 February, 2018.

It comes as Cook's yearly bonus was increased by 74 per cent as Apple reported higher revenue and profits. The personal travel costs are added to Cook's overall taxable income for the year. Angela Ahrendts, the former CEO of Burberry and now head of Apple's retail operations, topped the list with $24.2 million in total compensation.

Cook and other Apple board directors, such as Disney CEO Bob Iger, former U.S. Vice President Al Gore and former Northrop Grumman CEO Ron Sugar, are up for election to remain on the board another year. In 2017, it was nearly identical, at $224,216, but included the addition of personal air travel expenses in the amount of $93,109. Apple gave a private jet to Steve Jobs in 2000, according to Business Insider.

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