Tim Cook Could Still Out-Earn Apple's New CEO John Ternus Under a Special Pay Arrangement
Apple’s new CEO has a larger target package, but a different mix of stock awards could leave Cook with more if performance goals are missed.
5 Articles
5 Articles
John Ternus joined Apple's product design team in 2001 and joined the executive team as Senior Vice President of Hardware Engineering in 2021.
Tim Cook Could Still Out-Earn Apple's New CEO John Ternus Under a Special Pay Arrangement
Tim Cook stopped serving as Apple's chief executive officer (CEO) on 1 September. He could still receive more from salary and annual equity awards combined than John Ternus, the man who replaced him, depending on how Apple's shares perform. Apple disclosed the two compensation arrangements in a filing with the US Securities and Exchange Commission (SEC) on the same day. The figures come from adding each executive's salary to their annual equity …
Tim Cook leaves Apple's management, but his new contract could make him bigger than his own successor's. Discover the financial undersides of one of the most important witness passages in technology.
It's an unusually lucrative salary package that Apple has given Tim Cook.
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