Apple company rules: the company CEO Tim Cook to travel by private jet

Private jet, which is standard in many romantic novels overbearing president, and in real life, there are indeed some of the president, travel can not be private jet, such as Apple CEO Tim Cook.

Do not think Cook has extravagance, in fact, this is the Apple Board for security reasons, requiring him to travel either private or private travel, must take a private jet, the aircraft all the expenses borne by the company.

In 2017, Apple spent 93,109 U.S. dollars for Cook's private jet, about 600,000 yuan. This is apparently a drop in the bucket for Apple, which rose last year and rose in performance.

However, Apple said the cost of reimbursing Cook for the cost of a private trip is an extra bonus, so he needs to pay the appropriate tax. But considering that Apple just gave Cook a 74% year-end bonus, reaching $ 9.33 million, plus $ 3.06 million in annual salary and $ 89.2 million in Apple stock, and more than $ 100 million in annual Cook stock, Taxes are still affordable.

Traveling on a private jet is not Cook's exclusive benefit, as Apple notes in this document that other executives may require private jets if they have a job need and "use private jets to" increase their efficiency or travel safety. " At the same time, the company also allows executives to travel with their partners or family members, of course, this part of the cost executives will pay for themselves.

Paying for executives' private jet costs appears to be a tradition for Apple, and Cook's predecessor, Jobs, enjoyed the same.

Shortly after Steve Jobs returned to Apple in 2000, the company rewarded him with a 22-seat Turbo-Jet engine named "N2N" and was left with all the overhead for the aircraft.

Jobs busy, from the plane's overhead can also be a glimpse of one or two. For example, the first quarter of 2008, N2N royalties as high as 30,000 US dollars, was the eve of the second generation iPhone release; and by the first half of 2009, Apple's expenses in this area was actually zero, which also means Jobs Some important activities may be absent.

It is worth mentioning that, N2N's cabin decoration is designed by Apple's industrial designer Jonathan. After Jobs died, he bought the plane at a discounted price from Steve Jobs' wife, Laurel Powell.

Equipping executives with private jets is not the exclusive benefit of Apple, and many big companies have similar practices, with similar reasons and are all about security.

The Financial Times in the UK had a statistics in 2016 listing the top ten executives who spent the top ten on private jets. Ranked number one was Barry Diller, president of Expedia on Expedia's online travel site. In 2014, he was on a private jet On the company spent 1.65 million US dollars.

Familiar Facbook CEO Zuckerberg and Google president Schmidt in the fifth, seventh, spent 670,000 and 610,000 US dollars. Even though the tenth-largest CEO of Abbvie (pharmaceutical products) spent more than half a million dollars on private jets this year, Cook's more than $ 90,000 was a real saving.

The richest man's private jet

For the likes of Bill Gates and Bezos, who take turns in the richest man in the world, the private jet does not require the company to provide or reimburse expenses at all.

Gates owns a number of private jets, including a Boeing 757, a Challenger 604, a Bombardier BD-700 Universal Express, and sources that his plane collection also includes an Airbus A380 ...

Gates also said that the deployment of private jets to make yourself "guilty pleasures" is his "most serious bad money move."

For Bezos, even with the Rockets, private jets are not a rarity. He owns the Gulfstream G650 for as much as $ 60 million and is the same model as a private jet from Microsoft founder Paul Allen.

For the domestic rich, private jets are also essential.

"Gulfstream G550" is a "explosion" in private jets. Each one of Wang Jianlin, Li Ka Shing and Ma Yun has a value of more than 300 million yuan. Ma Yun G550 is mainly for official use.

Xu's private jet is "Gulfstream G450" worth 280 million yuan. Liu Qiang East's private jet is the most expensive in these few, is worth up to 400 million yuan with the same paragraph Bezos "Gulfstream G650."

However, when it comes to the first person to buy a private jet in mainland China, Zhang Yue, chairman of Hunan Grand Group, is still required. In 1996 he bought two helicopters.

This next to know why the plane never met these executives rich, right?