Tim Cook Gets $47 Million to Stick Around as Apple Chair: His New Pay Check Nearly Matches New CEO John Ternus’ Package
New CEO John Ternus receives a $58 million pay package tied to Apple's performance, while Tim Cook transitions to executive chair for global policy engagement.
- On Tuesday, John Ternus officially took over as Apple CEO, with the company revealing a $58 million annual compensation package in an SEC filing.
- Ternus's $58 million package includes a $3 million salary and $55 million in annual equity awards beginning fiscal 2027, with 75% performance-based and 25% time-based RSUs.
- Meanwhile, former Apple CEO Tim Cook transitioned to executive chairman, receiving a $47 million compensation package including a $2 million salary and $45 million in equity awards.
- Cook will manage Apple's relationships with President Trump and the Chinese government in his new capacity, while executive Eddy Cue adds App Store oversight to his responsibilities.
76 Articles
76 Articles
Apple CEO John Ternus to earn USD 58 million, Tim Cook's executive chairman pay revealed
Apple has disclosed the new compensation packages for CEO John Ternus and former CEO Tim Cook, who has moved into the role of executive chairman. Ternus has a target compensation of about $58 million for the fiscal year, while Cook is set to receive around USD 47 million.
The new CEO will receive a starting salary of three million and Tim Cook will receive a compensation in titles of 45 million
Apple’s new CEO gets a $3M salary and a $55M equity target
John Ternus will receive a base salary of $3m a year as Apple’s chief executive, roughly 5% of what the company is targeting for his total compensation. The rest is equity, according to a regulatory filing on Tuesday, the same day he took over the role. His fiscal 2026 stock award is prorated to $2.5m […] This story continues at The Next Web
New CEO John Turnbull will make his first public appearance at the launch of the new iPhones next week - Cook will continue as executive chairman with an annual salary of $2 million and another $45 million in stock
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