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 -- Recent Daily Episodes

Episode Date

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne 04.16.18

Airborne-UnManned 04.17.18

Airborne 04.18.18

AMA Drone Report 04.19.18

Airborne 04.20.18

Airborne-YouTube

Airborne 04.16.18

Airborne-UnManned 04.17.18

Airborne 04.18.18

AMA Drone Report 04.19.18

Airborne 04.20.18

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

Rotax Receives Award At AERO Friedrichshafen

Recognized As 'Best Drive Train' By The German Aviation Magazine 'aerokurier' BRP-Rotax aircraft engines have named "Best Powertrain" by German aviation magazine ‘aerokurier&>[...]

FAA To Issue AD For CFM56-7B Fan Blades

Engine Type That Powered Southwest 737 Involved In Uncontained Engine Failure The FAA will issue an Airworthiness Directive (AD) within the next two weeks that will require inspect>[...]

Airborne-Unmanned 04.17.18: XPO 2018, Drone Broadcasts, Airbus Inspection Drone

Also: NZ AFB Drone Incident, Police UAVs, Inaugural Drone Boot Camp, Predator 5M Flight Hours This is it! THE major unmanned exposition of the year -- AUVSI XPONENTIAL 2018 starts >[...]

AMA Drone Report 04.19.18: AMA Leadership, FAA Reauthorization, Coachella

Also: New French Regs, Drone Boot Camp, Public Safety Drone Standards, DroneShield Protects NASCAR It’s a little bit sad and yet a bit cool to see AMA make an exciting change>[...]

Airborne 04.20.18: Continental Jet-A Seminole, SWA Fallout, NYC NIMBY's Helo's

Also: Teamsters Talk Allegiant, Coleman Young Airport, Miracle Flights, IN Av Repair Biz Cleared Piper has selected the Continental Motors CD-170 compression ignition engine fueled>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2018 Web Development & Design by Pauli Systems, LC