Apple's CEO since 2011 saw his salary rise to about $12.8 million in fiscal year 2017, which ended in September, from about $8.7 million in the prior fiscal year, according to a SEC filing from Apple on Wednesday.
For the 2016 financial year, Cook's remuneration dropped to $8.7m from $10.3m in 2015.
That puts Cook in good company. "As we approach our holiday season, we expect it to be our biggest quarter ever".
Cook's actual salary saw a comparatively smaller $57,692 increase, but the bulk of his nearly $4 million raise came from performance-based cash bonuses.
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But Cook's overall pay compensation was the lowest among the 6 senior executives. They will receive around $24.2 million each.
Cook's real wealth comes from his stock options. On top of that, he was awarded $3.06 million in salary, as well as $89.2 million in stock. Iger's personal air travel expenses totaled $282,831 in fiscal 2016, while the Facebook chief executive racked up about $871,390 in costs related to personal usage of private planes past year.
As an additional security measure for Mr. Cook, the Board also requires that he use private aircraft for all business and personal travel.
Apple said the reason for implementing the new policy for Cook is due to "interests of security and efficiency based on our global profile" and Cook's high profile as chief executive.
Apple says Cook accumulated over $93,000 in travel costs it called personal for the company, based on the hourly charges for flying and other costs incurred for such use by Apple including departure taxes, landing fees and fuel charges.