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.
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Apple ' s financial disclosure reports revealed the salary to be received by its new CEO, John Ternos, and went beyond what its former President had received when he took office in 2011.
Apple's leadership brings with it dizzying numbers. With Tim Cook leaving, John Ternus assumes the company's destinations, accompanied by a colossal financial package, establishing an annual base salary of about...
Apple has revealed the terms of the new CEO John Turnus, and for fiscal year 2027, his target package will be $58 million.
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.
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