Tim Cook Receives $47 Million Package as Apple’s Executive Chair
Tim Cook has been awarded a $47 million compensation package as he transitions to the role of executive chair at Apple, closely matching the $58 million package for his successor, John Ternus. Ternus will receive a $3 million salary and a targeted stock award of $55 million for fiscal 2027 as he takes over the CEO position amidst an ambitious product rollout.
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Tim Cook handed $47m package for new role as executive chair of Apple
Pay and shares deal nearly matches $58m award to John Ternus, his successor as CEO at the $4.7tn tech company Tim Cook has received a $47m (£35m) pay deal as Apple’s executive chair, a remuneration package that nears the level set for his successor as chief executive. Cook, who handed over to John Ternus on Tuesday, will be paid a base salary of $2m and $45m worth of shares . Half of the share award will be based on performance targets being met, while the remaining half will be paid out over four years. Continue reading...
Apple to Give New CEO $3 Million Salary
New Chief Executive John Ternus will also receive a targeted annual stock award of $55 million for fiscal 2027.
Tim Cook to be paid $47mn as Apple’s executive chair
Pay package signals big role for former CEO as his successor John Ternus gets $58mn
Apple Sets Pay Targets at $58 Million for Ternus, $47 Million for Cook
Apple Inc. said that new Chief Executive Officer John Ternus will get a compensation package worth about $58 million in fiscal 2027, while Tim Cook’s role as executive chairman will pay around $47 million.
The Apple Empire That John Ternus Inherits—by the Numbers
Tim Cook isn’t just passing the torch, he is handing over one of the corporate world’s biggest successes.
Who is John Ternus, the new Apple CEO?
Starting on September 1, Ternus will lead one of the world's most valuable companies, but if you're not a dedicated Apple enthusiast, you've probably never heard of this man, who has largely remained out of the spotlight until now.
John Ternus Replaces Tim Cook as Apple CEO
Big technology and management changes are greeting John Ternus, whose long-serving predecessor, Tim Cook, will stay on as executive chair. John Ternus, right, who became Apple’s chief executive on Tuesday, with Tim Cook, who held the job for 15 years, at the Sun Valley Conference in Idaho in July.
Apple’s Ternus Takes the CEO Reins
Stepping into his new role as Apple's chief executive officer on Sept. 1, John Ternus won’t have much time before the company begins its annual fall product rollouts. This year the lineup will include an unusually ambitious slate of devices he’s been teasing for months internally, including the first foldable iPhone and a smart display that can recognize who’s speaking and tailor content to them. Bloomberg News Managing Editor for Consumers Tech Mark Gurman reports on what's next for Apple. (Source: Bloomberg)
How Apple’s New CEO Will Shape the iPhone Maker
Apple begins a new era as John Ternus takes over from Tim Cook on September 1st. Bloomberg’s Mark Gurman explains why the transition is likely to be gradual, how Ternus could reshape decision-making at Apple, and why his product background matters as the company prepares its next wave of iPhones, Macs and other devices. He joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
Can Apple’s New CEO Rev Up the Steve Jobs Innovation Engine?
To help the company reach new heights, John Ternus must take it beyond the supply chain mastery of Tim Cook, who built it into a $5 trillion colossus.