Close X
Sunday, November 17, 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

    2015 John Gibbard Award for Youth Recipient – Anjali Katta

    2015 John Gibbard Award for Youth Recipient – Anjali Katta

    Every year, the Vancouver branch of the United Nations Association in Canada celebrates UN Day by...

    2015 John Gibbard Award for Youth Recipient – Anjali Katta

    Randall Hopley, Who Abducted 3-Year-Old B.C. Boy, Appeals 7-Year Sentence

    Randall Hopley, Who Abducted 3-Year-Old B.C. Boy, Appeals 7-Year Sentence
    A lawyer wants less time behind bars for a man who abducted a three-year-old boy from his bedroom during a late-night break-in at a home in southeastern British Columbia.

    Randall Hopley, Who Abducted 3-Year-Old B.C. Boy, Appeals 7-Year Sentence

    Canadians Buying More Tablets And Smartphones, Spending More On Data Services

    Canadians Buying More Tablets And Smartphones, Spending More On Data Services
    The CRTC says Canadians are spending a lot more for mobile and Internet service as they feed ever-increasing appetites for online entertainment.

    Canadians Buying More Tablets And Smartphones, Spending More On Data Services

    Judicial Recount Ordered In Barrie, Ont., Riding After Narrow Election Win

    Judicial Recount Ordered In Barrie, Ont., Riding After Narrow Election Win
    Elections Canada says there will be a judicial recount in the Ontario riding of Barrie–Springwater–Oro-Medonte.

    Judicial Recount Ordered In Barrie, Ont., Riding After Narrow Election Win

    Bank Of Canada Looking At Alternatives For Measuring Core Inflation

    Bank Of Canada Looking At Alternatives For Measuring Core Inflation
    HALIFAX — The Bank of Canada is examining alternatives to its "core inflation" method of tracking prices as it prepares to review its inflation-control agreement with the federal government next year.

    Bank Of Canada Looking At Alternatives For Measuring Core Inflation

    First Nation Asks Court To Stop National Energy Board's Review Of Trans Mountain

    First Nation Asks Court To Stop National Energy Board's Review Of Trans Mountain
    A First Nation in North Vancouver is challenging the National Energy Board's review of the Trans Mountain pipeline.

    First Nation Asks Court To Stop National Energy Board's Review Of Trans Mountain