Apple CEO gets 74% bonus boost

New York

APPLE Inc chief executive officer Tim Cook received a 74 per cent increase in his annual bonus for fiscal 2017 as the iPhone maker posted higher revenue and net income, after a rare decline a year earlier.

Mr Cook's incentive pay totalled US$9.33 million for the year ended Sept 30, the Cupertino, California-based company said on Wednesday in a regulatory filing. He also took home US$3.06 million in salary and a previously disclosed equity award of US$89.2 million, bringing his total payout for the year to about US$102 million.