Tim Cook Gets $47M Compensation After Apple CEO Exit
Apple approved a $47 million compensation package for former CEO Tim Cook, who transitioned to the role of executive chairman of the board on September 1.
Consensus
- Tim Cook stepped down as Apple's CEO on September 1.
- Tim Cook was appointed executive chairman of the board after stepping down.
- Apple approved a $47 million compensation package for Tim Cook.
- The package includes a $2 million salary and $45 million in stock.
- John Ternus was appointed as Apple's new CEO.
- John Ternus has 25 years of experience at Apple and holds an engineering degree.
- John Ternus thanked Tim Cook in his first message to employees.
- John Ternus promised 'phenomenal' new iPhone releases at the upcoming presentation.
- Apple's stock rose 2.5% on Tuesday, with market capitalization exceeding $4.75 trillion.
- Tim Cook's compensation is 20% lower than in 2025 but remains among the highest for top U.S. executives.
- John Ternus's potential compensation in 2027 could reach $58 million if targets are met.
Points of divergence
- Tim Cook will remain actively involved in corporate affairs, especially in interactions with regulators. — kommersant
- Tim Cook published a post about his departure on social media platform X. — m24
Coverage (2 sources)
- Tim Cook received a $47 million compensation package — Коммерсантъ
- FT: Tim Cook will receive a salary and stock worth $45 million after leaving his post as Apple CEO — Москва 24