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

Apple's Tim Cook Gets 74% Bonus Boost After Sales, Profit Rebound

The company requires the CEO to use corporate flights for security reasons.

As if that weren't enough, at the behest of Apple's Board of Directors, Cook was also required to fly around for official business exclusively on a private jet this year, and will continue to moving forward, the report added.

Apart from Cook, other top executives did receive a pay raise as well. This policy was implemented in 2017 in the interests of security and efficiency based on our global profile and the highly visible nature of Mr. Cook's role as CEO. So Cook pays tax on it. Including the equity award of $89.2 million & excluding the compensations, Cook will receive a massive total of $102 million for the year 2017. Apple's SVP of retail Angela Ahrendts and SVP of hardware technologies Johny Srouji brought in about $24.2 million for the year.

Over the path of 2017, expenses on personal air travel of Cook amounted to nearly $93,109 and Apple spent an extra $24,216 in the personal security costs that was provided for Cook.

The market capitalization for the iPhone maker has been hovering around $900 billion and is up almost 50 percent 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. With that said, Apple does make $151 more than Samsung, the next top performer, for every unit sold.

But it appears that the iPhone X has hit a wall as company shares took a tumble and sales expectations were down.

Apple's profit share declined by 30 per cent (YoY) mainly due to an increased mix of previous generation iPhones.

Apple is now soaring high, as it has been for the last couple of years.

Since then, demand for Apple's newer iPhone models has been strong, and the company has gotten continued traction from its services division, which includes Apple Pay, AppleCare and digital content.

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