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Tag: $102m

Apple CEO's earnings climb 74% to $102m

Apple CEO's earnings climb 74% to $102m

Business
Apple's chief executive Tim Cook took home $ 102m (£76m) last year, largely thanks to bonuses tied to the company's stock price.Mr Cook became Apple's chief executive after Steve Jobs resigned in 2011 and shares in the company have more than tripled under his watch.The company currently has a market capitalisation of over $ 875bn (£650bn) making it the most valuable publicly owned company in the world.In a proxy statement filed with the US Securities and Exchange Commission, Apple said Mr Cook earned just over $ 3m (£2.2m) in salary, plus $ 9.3m (£6.9m) in bonuses.:: Apple shares peaked as iPhone X goes on sale in UKImage:The iPhone X drove Apple shares to a new peakHe was also awarded stock worth $ 89m (£66m), up 74% from last year for a total of roughly $ 102m (£75m) for his work in 2017...