Cook was paid a basic salary of $3.06m, a cash bonus of $9.3m (up from $5.4m last year), and collected share awards worth $89m taking his total 2017 payout to $102m, Apple disclosed in a regulatory filing. The bonus of 560,000 shares paid out in September. As long as he remains the boss, Cook will receive 560,000 shares of stock annually until 2020. Apple’s filing also revealed that it requires Cook to travel by private aircraft “for all business and personal travel” for security reasons. Apple’s shares have increased by more than 200% since Cook became chief executive in August 2011, shortly before founder and previous chief executive Steve Jobs died.

Source: The Guardian December 28, 2017 11:36 UTC