Apple 'forces' top man in private jet

World December 29, 2017 09:48

- Apple CEO Tim Cook is forced by his company to fly with a private jet. The cost of almost $ 100,000 this year for personal trips takes the company for granted.

Tim Cook, who has run Steve Jobs since 2011, does not need the money. He earned $ 102 million last year, including bonus and share package. His bonus increased by 74% thanks to good performance.

The iPhonemaker reported to the US regulator Securities and Exchange Commission that Cook is 'put in the interest of safety and efficiency' and is well-known in the private plane. In total, Cook's personal security cost $ 224,216, according to the report from the stock market watchdog SEC.

Under Cook, the company has increased by 200% since 2011, and the company owns a $ 250 billion war chest. This year, Apple won 37% on the stock market.

Apple will have to deal with some setbacks. The company reported costs to reduce replacement of slower iPhone 6 batteries. In addition, Taiwanese media reported that Apple will reduce the expectations for the sales of its iPhone X.

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