Apple CEO Tim Cook is now required by Apple’s board of directors to fly on private aircraft, whether it’s for work or for pleasure.
Apple CEO Tim Cook is now required by Apple’s board of directors to fly on private aircraft, even for personal travel.
Apple says it’s for security and safety reasons.
Tim Cook racked up $93,109 in personal travel costs for Apple in 2017, which counts as part of his compensation package.
Cook made $12,825,066 in total compensation at Apple in 2017.
Apple’s board of directors is now making CEO Tim Cook fly on private aircraft when he travels, whether it’s for work or for pleasure.
“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,” says Apple in a new shareholder proxy statement released on Wednesday afternoon.
Tech: Apple’s board says that Tim Cook has to fly private from now on ‘in the interests of security and efficiency’ (AAPL)
