Apple CEO got a hefty raise in 2018.Tim Cook received at total of $15.6 in salary, incentive pay and other compensation last year, according to a filing Tuesday with the Securities and Exchange Commission, an increase of nearly 22 percent over 2017. Cook earned a salary of $3 million and $12 million in cash incentives based on Apple hitting pre-determined goals. Other compensation included 401(k) contributions, life insurance payments and a vacation time buyout of $57,692. He also got $294,082 in personal travel expenses.The filing comes a week after Apple warned investors that its fiscal first-quarter (fourth calendar quarter) revenue would be weaker than previously expected. Its announcement that it now sees sales of $84 billion, well below the range of $89 billion to $94 billion that it forecast in November, sent company shares down nearly 10 percent. Apple also revealed Tuesday that the total compensation for its median employee in 2018 was $55,426, noting that Cook made 283 times … [Read more...] about Apple CEO Tim Cook made $15 million in 2018
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Featured stories What will you get with a Microsoft 365 consumer subscription? Sensored to death: How machine learning in the cloud will destroy all privacy Inside the Raspberry Pi: The story of the $35 computer that changed the world Best Amazon Digital Day 2018 deals: Here's a sneak peek at the sale The last two years have been brutal times for Indian IT. First, Indian firms have been systematically targeted by Donald Trump via the slow and steady strangulation of the H1B visa which has been the lifeblood of Indian IT professionals coming to the US with dreams of Greencards and dollar salaries.Also: Apple talks big about India, but its revenues are tankingThen, there is the almost overnight vapourisation of traditional infra maintenance and application development businesses as the new era of cloud and mobile have taken over. The very nature of backend or outsourced work is changing dramatically in this brave new world as clients now expect their hired tech … [Read more...] about Japan is desperate for Indian techies, but will they bite?
This article was originally published as a TechRepublic cover story. There's no faster way to spoil the magic of a visit to a major theme park--you know the one--than waiting in a long, sweltering line to enter a ride. The park knows this, of course. But maintaining traditional fans that keep queuing customers cool was turning into a nightmare, leading effectively to a fan ban. Before an international branch of this major theme park opened its gates in 2016, operators contacted a new source for help across the Pacific. It was not your typical Silicon Valley startup, but Big Ass Fans, a Lexington, KY-based provider of, well, insanely big fans. The company has leveraged top-notch R&D, Internet of Things (IoT) technology, and its cheeky branding to build and lead the market for quiet, energy-efficient industrial and residential fans. Big Ass Fans worked with the park to develop fans that could quietly and cost-effectively cool customers … [Read more...] about America’s coolest company: How Big Ass Fans went from cooling cows to a multinational tech powerhouse