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The Board of Directors makes Apple’s Tim cook to fly on a private jet

28.12.2017 Erika J. Wells 0 Comments

According to the publication Bloomberg, Apple’s Board of Directors demanded that Tim cook flew on all private and business meetings only by private plane. The decision was due to security considerations.

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Summing up the year, Apple received bonuses and payments from the owned by them shares of the Corporation. CEO Tim cook over the company’s financial and 2017 in total received 102 million dollars.

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In addition to cook, payments received and other top managers of the corporations among which Luca Maestri Angela Ahrendts, Dan Riccio, johnny Srouji and Bruce Sewell. The remuneration of each of them exceeded $ 24 million. To get the money they need to stay in the management team of Apple. However, Tim cook, the Board of Directors of the Corporation have also put forward additional conditions. Now for all private events and business meetings, the CEO needs to fly only by private plane.

The Board of Directors are concerned about security, Tim cook. Given its “extraordinary importance” for the company, the decision was made to increase contributions to ensure its protection.

According to Bloomberg, in 2017, the flying cook cost Apple in 93 000 dollars. Another 225 000 was spent on the security service of SEO corporations. The following year, the Board of Directors intends to increase these costs by prohibiting cook to fly anywhere commercial flights. The exact amount selected on the flight Director in the new year, is not called.

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