Apple CEO Ternus Secures $58M Pay; Cook to Earn $47M as Executive Chairman

Apple has officially transitioned leadership, with John Ternus stepping into the role of CEO and receiving a substantial compensation package. Ternus's annual pay is set at $58 million, including a base salary and significant equity grants. This move marks a new chapter for the tech giant as Tim Cook transitions to the position of executive chairman.

In his new capacity, Tim Cook will receive a $47 million pay package. This includes a base salary and performance-based share awards, reflecting his continued influence within the company. The compensation details highlight the significant financial stakes involved in leadership positions at major technology firms.