According to a report from Bloomberg Technology's Anders Melin and Alex Webb, Apple CEO Tim Cook, a graduate of Auburn University and Baldwin County's Robertsdale High School, will have a total payout for the year "to about $102 million". Mr. Cook's pay increase was driven by his cash bonus, which was hinged on exceeding. The board of directors said in a statement that the decision, which took effect this year, was "in the interests of security and efficiency based on our global profile and the highly visible nature of Mr. Cook's role as CEO". Cook ended up spending around $93,109 on personal air travel this year. Due to slumping iPhone sales in 2016, Cook's pay was cut 15%.
In past, Apple CEO Steve Jobs also used to fly through his private airplane. "Any time Cook uses an Apple private jet for personal travel, the costs are considered extra compensation, on which he will have to pay taxes", the statement further said. Tim Cook will get paid $12.8 million which is 46% more compared to that of the previous year.
Trump's Attack on Anna Wintour Steers Backlash Away From Vanity Fair
The publication apologized for the video, saying in a Wednesday statement that it was an attempt at humor that "missed the mark". The video was titled "6 New Year's Resolutions for Hillary Clinton ", and recommended Clinton find a "new hobby" for 2018.
Number of pregnant women using marijuana rises
According to the Journal of the American Medical Association , more pregnant women in the Golden State are smoking pot than ever. Researchers looked at trends of prenatal cannabis use from 2009-2016 using data from a large California health-care system.
British woman Laura Plummer jailed in Egypt for carrying painkillers
She will probably be dead if she has to stay in there for three years. "She's probably on the verge of a mental breakdown". The Sun reports that her devastated family said her lawyers have lodged and immediate appeal. "It's not fair.
The market capitalisation for the iPhone maker has been hovering around $US900 billion (more than $A1 trillion) and is up almost 50 per cent for the year.
Just to put it in perspective: Apple's stock (NASDAQ: AAPL) started off the year at around $116.15 per share (at market close on January 3, 2017), but are now up about 39 percent (at $170.55 per share) as of Thursday, December 28th at 3:15 pm EST.
Apple sold 78.29 million iPhones in the first quarter ended December 31, up from 74.78 million past year. Being the top performer in the smartphone industry in the last quarter, Apple brought home nearly Dollars 151 more than Samsung. In all, Cook in 2017 made at Apple $12,825,065, which included a contribution of $16,200 to Cooks retirement account by the company.