Apple Sets Pay Targets of $58M for Ternus and $47M for Cook
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Apple disclosed in a filing with the SEC that new CEO John Ternus will receive a compensation package worth about $58 million in fiscal 2027. It also outlined a $3 million annual base salary and a stock grant with a target value of $55 million next year. Tim Cook’s executive chairman role is set to pay around $47 million.
Coverage (6)
- Tim Cook Grew Apple From a $350 Billion Company Into a Multi-Trillion-Dollar Giant Over Nearly 15 Years as CEO. Can John Ternus' Product-First Approach Extend That Compounding? (fool.com)
- Tim Cook handed $47m package for new role as executive chair of Apple (theguardian.com)
- Tim Cook Scores $47 Million Pay Deal to Remain Apple's Chairman (businessinsider.com)
- Tim Cook Hands Apple to John Ternus After 15 Years (technology.org)
- Tim Cook Gets $47 Million to Stick Around as Apple Chair: His New Pay Check Nearly Matches New CEO John Ternus’ Package (finance.yahoo.com)
- Apple Sets Pay Targets at $58 Million for Ternus, $47 Million for Cook (bloomberg.com)