Apple announced in its proxy statement file to the Us Securities and Exchange Commission that Apple CEO Tim Cook’s travel and security costs more than doubled in 2019.
The increase in Tim Cook’s expenses is associated with Cook’s visits to Washington this year. According to the file, Apple CEO Tim Cook’s salary has remained relatively stable over the past three years, but security and airline travel has increased dramatically compared to last year.
Airline travel increased by 239 per cent compared to last year, costing the company $315,311. Similarly, Cook’s private security costs increased by 104 percent, reflecting $457,083 on Apple.
It’s worth noting, by the way, that Tim Cook emailed Apple $11.6 billion last year, and Tim Cook, who was paid $3 million from Apple, receives a $7.6 million incentive bonus. Security and travel costs total about $800,000.
The company said in a statement that Tim Cook earned 200 times more revenue than a mid-level Apple employee. Apple, which has more than 130,000 employees globally at a moderate level, said the cost to the company was $57,596 for more than 130,000 full-time employees and part-time employees in the 2019 financial year.
Cook, who has met with President Trump at least five times so far, may be trying to get Trump to listen to him so that Apple is not harmed in the trade war between the United States and China.
Meanwhile, President Trump’s 18-month trade war with China stands out as a move to meet his promises in the 2016 election campaign. As part of the campaign, Trump said that the turkish people were going to be able Companies like Apple have indicated that it will stimulate the manufacturing industry in the United States by allowing companies to “build their damn computers and things in this country instead of other countries.”
Over the past 18 months, rising taxes on goods manufactured by China have threatened Apple’s most profitable products, such as the iPhone and Apple Watch. Tim Cook, in turn, tried to influence the President by establishing close ties with Trump and his family. In fact, President Trump said in a statement that Cook was the only technology executive with a direct line connection to the White House. So Cook can directly convey his perspective to the President in the face of tense situations.
In the meantime, let’s remind you that in November, the duo toured Apple’s headquarters in Austin. Apple announced it would build its new billion-dollar campus in Austin, while the President said he would look into whether Apple could be exempt from import duties on China.