You are here

Apple CEO Tim Cook Gets $102 Million Payout in 2017 After Earnings Rebound, Must Fly by Private Aircraft

HIGHLIGHTS Cook’s incentive pay totalled $9.33 million The Apple CEO was paid $3.06 million in salary He also received an equity award of $89.2 million Apple CEO Tim Cook will now fly on private aircraft even for personal travel for “security and safety reasons”, a regulatory filing with the SEC reveals. Separately, his received a massive increase in his annual bonus, thanks to earnings rebound for the company. 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,…

Read More

Samsung post First-region earnings on sturdy initial income of Galaxy S7

Tech giant Samsung Electronics Co Ltd said on Thursday that its first-area operating earnings rose 12 percentage from a year in advance, propelled with the aid of robust initial sales for its flagship Galaxy S7 smartphones. The South Korean firm additionally stated its “stable performance” will continue in April-to-June, striking a extra positive tone approximately prospects for its handsets and chips companies no matter broadly weaker call for for purchaser electronics. Samsung’s cell department become the pinnacle earner for the first time in nearly years, way to higher-than-expected sales of…

Read More