Apple Approves Compensation Packages for New CEO Ternus and Chair Cook
Apple’s board has approved substantial compensation packages for incoming chief executive John Ternus and outgoing leader Tim Cook, who will transition to executive chair. The disclosures detail Ternus’s multi-million dollar equity awards alongside Cook’s continued financial stake as the company navigates its next strategic phase.
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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
Read full article →Apple CEO John Ternus started Tuesday. His $55 million award starts next year
Apple tied 75% of the new CEO’s annual equity target to shareholder return relative to the S&P 500. Neither award is granted until fiscal 2027
By Amanda Gerut
Read full article →Apple Unveils Pay Package For New CEO John Ternus
Apple set a pay package worth $58 million for new CEO John Ternus, who formally took the reins from longtime chief executive Tim Cook today. His compensation includes a $3 million annual salary and equity awards valued at $55 million to be awarded in the company’s fiscal 2027, which starts in October. The tech giant […]
By Jillg366
Read full article →Coverage Timeline
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