Close X
Monday, November 18, 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

    Belgium's Princess Astrid Part Of Economic Mission To B.C., Alberta Next Week

    Belgium's Princess Astrid Part Of Economic Mission To B.C., Alberta Next Week
    The delegation makes stops in Vancouver and Calgary during the week-long visit, starting on Sunday.

    Belgium's Princess Astrid Part Of Economic Mission To B.C., Alberta Next Week

    U.S. Judge Throws Out Canadian Couple's Lawsuit Against Sperm Bank

    U.S. Judge Throws Out Canadian Couple's Lawsuit Against Sperm Bank
    Angela Collins and Margaret Elizabeth Hanson of Port Hope, Ont., filed the lawsuit in March against Xytex Corp., its parent company, the sperm bank employees, and the donor.

    U.S. Judge Throws Out Canadian Couple's Lawsuit Against Sperm Bank

    Edmonton Man Who Crashed Into Patio, Killing Child, Says He Was Distracted By Wife's News

    Edmonton Man Who Crashed Into Patio, Killing Child, Says He Was Distracted By Wife's News
    Richard Suter says his wife had surprised him and he was focused on her instead of parking.

    Edmonton Man Who Crashed Into Patio, Killing Child, Says He Was Distracted By Wife's News

    3 Calgary Caregivers Sentenced To 60 Days In Jail For Abusing Senior In Nursing Home

    3 Calgary Caregivers Sentenced To 60 Days In Jail For Abusing Senior In Nursing Home
    It showed three women slapping, flicking water at, and threatening to pour urine on Wissner, who died a month later.

    3 Calgary Caregivers Sentenced To 60 Days In Jail For Abusing Senior In Nursing Home

    Fraser Valley Hunters May Hold Key As Police Investigate Suspicious Death

    Fraser Valley Hunters May Hold Key As Police Investigate Suspicious Death
    The Integrated Homicide Investigation Team is appealing for information about the last movements of David Urquhart.

    Fraser Valley Hunters May Hold Key As Police Investigate Suspicious Death

    US Court Rules Against Forcible Takeover Of California's Turlock Gurdwara

    US Court Rules Against Forcible Takeover Of California's Turlock Gurdwara
    The court also prohibited the current administration of the gurdwara from serving for the next five years.

    US Court Rules Against Forcible Takeover Of California's Turlock Gurdwara