Apple Requires CEO Tim Cook To Fly Aboard Private Aircraft | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.13.24

Airborne-NextGen-05.07.24

Airborne-Unlimited-05.08.24 Airborne-FlightTraining-05.09.24

Airborne-Unlimited-05.10.24

Wed, Jan 03, 2018

Apple Requires CEO Tim Cook To Fly Aboard Private Aircraft

Company Policy Was Implemented In 2017

Apple CEO Tim Cook only flies aboard private aircraft for all personal and business travel, and while it's probably preferable, it's not a decision they left to him make.

It's official company policy, implemented last year. According to a document filed with the SEC on Wednesday, Apple implemented the policy in 2017 "in the interests of security and efficiency based on our global profile and the highly visible nature of Mr. Cook's role as CEO."

CNN reports that in FY2017, which ended in September, Apple paid $93,109 for Cook's personal travel on private aircraft. The amount is added to his taxable income for the year.

Not that it will make much difference. His total compensation package for 2017 was $12.8 million, which was a 50 percent increase over 2016, according to the SEC filing.

Requiring the use of private aircraft is not an uncommon corporate practice. Both Facebook CEO Mark Zuckerberg and Disney CEO Bob Iger travel primarily on private aircraft for all their personal travel, according to each company's SEC filings.

(Image from file)

FMI: Original Report

Advertisement

More News

Bolen Gives Congress a Rare Thumbs-Up

Aviation Governance Secured...At Least For a While The National Business Aviation Association similarly applauded the passage of the FAA's recent reauthorization, contentedly recou>[...]

The SportPlane Resource Guide RETURNS!!!!

Emphasis On Growing The Future of Aviation Through Concentration on 'AFFORDABLE FLYERS' It's been a number of years since the Latest Edition of Jim Campbell's HUGE SportPlane Resou>[...]

Buying Sprees Continue: Textron eAviation Takes On Amazilia Aerospace

Amazilia Aerospace GmbH, Develops Digital Flight Control, Flight Guidance And Vehicle Management Systems Textron eAviation has acquired substantially all the assets of Amazilia Aer>[...]

Hawker 4000 Bizjets Gain Nav System, Data Link STC

Honeywell's Primus Brings New Tools and Niceties for Hawker Operators Hawker 4000 business jet operators have a new installation on the table, now that the FAA has granted an STC f>[...]

Echodyne Gets BVLOS Waiver for AiRanger Aircraft

Company Celebrates Niche-but-Important Advancement in Industry Standards Echodyne has announced full integration of its proprietary 'EchoFlight' radar into the e American Aerospace>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC