Apple Boosts Pay of CEO Cook, Other Executives

Mony
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A year after delivering an unusual pay cut, Apple Inc. gave Chief Executive Tim Cook and other top executives a big boost in compensation for fiscal-year 2017 as the company exceeded annual sales and profit goals, according to a security filing on Wednesday.

Mr. Cook’s total compensation for the fiscal year, which ended in September, jumped 47%—to $12.8 million—the largest bump among the five executives listed in Apple’s annual proxy filing. Mr. Cook’s pay increase was driven by his cash bonus, which was hinged on exceeding…

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