According to the Senate subcommittee report Apple Inc. is avoiding paying billions of dollars in U.S. taxes. Now Tim Cook will be questioned today by U.S. senators during a hearing on the company’s untaxed overseas billions.
The Apple CEO made just $4.17 million in 2012, according to a new SEC filing from Apple. That is certainly a salary many workers would be happy to have, but it represents a 99% decline from the $376 million Cook was paid last year.
Google has released the Google Maps app for Apple’s iPhone and iPod devices, three months after Apple replaced the former’s mapping service with its native map app.
Apple shares suffered their worst decline in years as selling momentum gained steam for the longtime tech star and world’s largest company by value.