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Apple boosts pay for Tim Cook

Published 12/28/2017, 02:38 AM
© Reuters.  Apple boosts pay for Tim Cook
AAPL
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  • A year after delivering an unusual pay cut, Apple (NASDAQ:AAPL) gave CEO Tim Cook a major boost in compensation for fiscal-year 2017 as the company exceeded annual sales and profit goals.
  • His pay jumped 47% to $12.8M, up from $8.7M in 2016.
  • Celebrity status? For his safety, Apple's board also implemented a policy requiring Cook to "use private aircraft for all business and personal travel."
  • Now read: Apple's Planned Obsolescence Strategy


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