Close X
Tuesday, November 12, 2024
ADVT 
National

Apple's Tim Cook Got A Raise Of More Than $1 Million Last Year, Earning More Than $10 Million

Darpan News Desk The Canadian Press, 08 Jan, 2016 11:25 AM
    SAN FRANCISCO — Apple CEO Tim Cook got a raise of more than $1 million last year, though he didn't make as much as his top lieutenants.
     
    The tech company says in a filing that Cook's total pay was nearly $10.3 million, including $2 million salary, an $8 million bonus and $209,000 for private security. Apple paid five senior vice-presidents more than $25 million apiece, including stock grants worth $20 million.
     
    Cook hasn't received stock in recent years. He was given restricted grants worth $384 million in 2011, when he became CEO.
     
    Apple earned a record $53 billion profit on sales of $233.7 billion in the fiscal year ending in September. Its stock rose 15 per cent during that period, although shares have sagged recently amid worries about Apple's ability to keep growing.

    MORE National ARTICLES

    Supreme Court Says Alberta Not Required To Enact Laws In Both English And French

    Supreme Court Says Alberta Not Required To Enact Laws In Both English And French
      In a 6-3 split decision, the court ruled that the arguments in favour of bilingual legislation brought forward by two appellants were inconsistent with the historical documents they relied on.

    Supreme Court Says Alberta Not Required To Enact Laws In Both English And French

    Tim Hortons Shutters Unspecified Number Of Shops In New York And Maine

    Tim Hortons Shutters Unspecified Number Of Shops In New York And Maine
    In a brief statement, the company said it shut down the stores as part of a review of how they were performing.

    Tim Hortons Shutters Unspecified Number Of Shops In New York And Maine

    Union Asks Feds To Pull Jim Pattison Group's Commercial-Fishing Licences

    Union Asks Feds To Pull Jim Pattison Group's Commercial-Fishing Licences
    Unifor western director Joie Warnock says in a news release that the decision by the Pattison-owned Canadian Fishing Company will cost up to 500 jobs and virtually close the community's largest employer.

    Union Asks Feds To Pull Jim Pattison Group's Commercial-Fishing Licences

    Rogers Media Agrees To Pay $200,000 Fine Under CRTC's Anti-spam Law

    Rogers Media Agrees To Pay $200,000 Fine Under CRTC's Anti-spam Law
    Rogers Media has agreed to pay a $200,000 fine to the CRTC for allegedly sending unsolicited email advertisements.

    Rogers Media Agrees To Pay $200,000 Fine Under CRTC's Anti-spam Law

    Edmonton Man Charged With Attempted Murder After Truck Crashes Into Store

    Edmonton Man Charged With Attempted Murder After Truck Crashes Into Store
    Police say a Ford F-150 smashed through the front window of the Petro-Canada on Wednesday and struck two employees, pinning both under the truck.

    Edmonton Man Charged With Attempted Murder After Truck Crashes Into Store

    Changed Tone Gives Justin Trudeau Liberals Benefit Of Doubt On Climate Policy

    Changed Tone Gives Justin Trudeau Liberals Benefit Of Doubt On Climate Policy
     Canada appears poised to enter the Paris climate conference at the end of the month offering an emissions reduction target crafted by the previous federal government.

    Changed Tone Gives Justin Trudeau Liberals Benefit Of Doubt On Climate Policy