“The cost of Tim Cook skipping vacation last year: $56,923,” Tim Higgins reports for Bloomberg.
“That was the amount in holiday cash-out pay that the Apple Inc. chief executive officer received last fiscal year, according to the company’s proxy filed with the U.S. Securities and Exchange Commission on Thursday,” Higgins reports. “The number was included in Cook’s total $9.22 million compensation package for 2014.”
“Cook’s vacation cash-out pay — a statistic that only shows up in a handful of company filings, according to data compiled by Bloomberg — is higher than in 2013, when he received $35,000 for unused days off,” Higgins reports. “While Cook’s base salary rose 25 percent last year to $1.75 million, the amount he received for cashing in vacation time rose 63 percent. That suggests the CEO took even [fewer] days of rest and recreation in 2014 than in 2013.”
Read more in the full article here.
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