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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.

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    Cow Dung Patties Selling Like Hot Cakes Online in India

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    Family Of Drowned Syrian Boy To Arrive In Canada As Refugees

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    'Problematic' Group Doesn't Reflect B.C.'s Korean-Canadian Community: Ambassador

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    Consul General Kie Cheon Lee is speaking out about a long-standing power struggle over who leads the Korean Society of B.C. for Fraternity and Culture,  and said the dispute reflects poorly — and unfairly — on the community as a whole.

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    'Dementors' Stalk Addicts On Alberta Reserve At Front Lines Of Fentanyl Crisis

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    Manitoba Woman Who Wanted Inquiry Into Asbestos-tainted Insulation Dies

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    Raven ThunderSky grew up in a home on Poplar River First Nation with asbestos-laced insulation and lost several family members to related illnesses.

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