Apple's board says that Tim Cook has to fly private from now on 'in the interest of s ecurity
0Apple's board says that Tim Cook has to fly private from now on 'in the interest of s.ecurity and efficiency' (AAPL).
Apple's board of directors is now making CEO Tim Cook fly on private aircraft when he travels, whether it's for work or for pleasure.
"This policy was implemented 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," says Apple in a new shareholder proxy statement released on Thursday afternoon.
The proxy statement goes on to say that any time Cook uses an Apple private jet for personal travel, the costs are considered extra compensation, on which he will have to pay taxes.
Apple's,board,says,that,Tim,Cook,has,to,fly,private,from,now,on,'in,the,interest,of,s.ecurity,Apple's board says that Tim Cook has to fly private from now on 'in the interest of s.ecurity