Tim Cook required to fly on private jet for security reasons after earning $102 million this year
According to a new report via Bloomberg, Apple’s board has stated that for security reasons, all business and personal air-travel Tim Cook must now fly on his own private jet, something Apple has said is “in the interests of security and efficiency”.
During 2017 Tim Cook’s personal security costs were calculated at almost half a million dollars, ($224,216.00), alongside a $93,109 bill for traveling on private jets for non-business trips.
The news comes as it has been revealed Tim Cook will takeaway $102 million this year, composed of both his $3.06 million salary and an equity award of $89.2 million.
Tim received a large share bonus linked to the iPhone maker’s stock market performance. 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.