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Apple Spends Close to $700,000 a Year for Tim Cook's Security

10. 15  PA  XTRA NEWS

1AF 77 COVER

Buried in Apple's "Schedule 14A" report with U.S. Securities and Exchange Commission is the fact that Apple spends close to $700,000 per annum to protect Apple's CEO Tim Cook.

 

Formally the report states: "This amount represents: (i) the Company's contributions to Mr. Cook's account under its 401(k) plan in the amount of $15,600; (ii) Company-paid term life insurance premiums in the amount of $2,520; (iii) vacation cash-out in the amount of $56,923; and (iv) security expenses in the amount of $699,133."

 

As the CEO of the most profitable tech company on the planet, it's the price of doing business in a gun ridden country. You rarely see his security but I'm sure it's like the movies as noted in our cover graphic … Or not.

 

10. 16 PA - Bar - Xtra NewsAbout Making Comments on our Site: Patently Apple reserves the right to post, dismiss or edit any comments. Comments are reviewed daily from 4am to 6pm PST and sporadically over the weekend.

 

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