Apple increased payments to CEO Tim cook

© AP Photo / Eric RisbergГенеральный Apple CEO Tim cook during a presentation in San Francisco. Archival photoApple increased payments to CEO Tim cook© AP Photo / Eric Risberg

Apple in 2017 increased payments to the head of the company Tim cook in half, to about 12.8 million dollars that is connected with the financial growth of the Corporation.

According to a company statement to the State Commission on securities and stock market disbursements totaled cook 12,825 million dollars in the current year, the previous year 8,747 million dollars, and in 2015 — 10,281 million dollars.

«In 2017, Apple showed a stronger performance compared with target as at net sales and operating income, resulting in annual cash compensation of each named Executive Director amounted to 155,5% of the target level», — the document says. At the end of the 2016-2017 financial year net profit of the Corporation increased by 6%.

Decrease in annual income head of Apple in 2016 has been associated with negative financial performance of the Corporation — at the end of the 2015-2016 fingida the company’s net profit decreased by 14.4%. Then as a result of the company’s management received only 89,5% of the target level payments.

The American Corporation Apple was founded in 1976 by Steve jobs, Steve Wozniak and Ronald Wayne. The headquarters of the company is located in Cupertino, California. Apple is engaged in the production of personal and tablet computers, audioplayers, phones, smartwatches and software.