WINDFALL

Apple CEO Tim Cook Gets 74 Percent Bonus as Sales Soar

His total payout for 2017 was $102 million after company surpassed goals.

Apple Inc. CEO Tim Cook has gotten a 74 percent increase in his annual bonus as a result of the iPhone maker’s higher revenue and net income this year. A regulatory filing disclosed by the company Wednesday shows Cook’s incentive pay for the fiscal year totaling $9.33 million. Combined with his $3.06 million salary and a previously disclosed $89 million equity award, Cook finished the year with a whopping $102 million. Amid the steep profits, Cook also faces higher travel expenses, with a $93,109 bill as a result of his use of private aircraft—a security precaution now stipulated by Apple due to his high profile. Thanks to the company beating net sales and operating-income goals, five other top executives at the company also saw a windfall this year, with bonuses of $3.11 million each and a total compensation of $24.2 million.