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

10. 15  PA  XTRA NEWS


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.


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