This year, Apple saw a major rebound across almost all of its categories.
Well, that's what Apple CEO Tim Cook is required to do.
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Cook's travel for personal purposes usually stands at $93,000 per year. All told, Cook made $12,825,066 at Apple in 2017 - including a $16,200 contribution to Cook's 401 (k) retirement account from the company.
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But Matt Whitlock, Hatch's communications director, made clear in a Tuesday tweet that Hatch's seemingly approving tweet was "tongue-in-cheek".
The proxy statement goes on to say that any time Cook uses an Apple private jet for personal travel, the costs are considered extra compensation, on which he will have to pay taxes. 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. Cook's cash bonus was the largest among the six senior Apple executives.
The world's most valuable company requires its chief executive to use private aircraft for all business and personal travel as an "additional security measure", according to the company's most recent regulatory filing.
The company noted that Cook has not received an equity award since 2011.
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. The biggest component was a cash bonus of $9.3 million (up 74% from his 2016 bonus) under Apple's incentive plan tied to revenue and profit performance.
The election is set to occur on Apple's next shareholders meeting February 13 at the Steve Jobs Theater in Apple Park.