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Tim Cook Gets $47 Million to Stick Around as Apple Chair: His New Pay Check Nearly Matches New CEO John Ternus’ Package
Benzinga23d agoneutral
Tim Cook Gets $47 Million to Stick Around as Apple Chair: His New Pay Check Nearly Matches New CEO John Ternus’ Package

Tim Cook may have handed Apple Inc.’s (NASDAQ:AAPL) CEO reins to John Ternus, but his new $47 million compensation package signals the longtime chief executive is expected to remain deeply involved in the company as executive chairman. Tim Cook’s $47 Million Apple Pay Package On Tuesday, Apple disclosed the new compensation arrangements in a filing with the U.S. Securities and Exchange Commission as Ternus officially took over as CEO on Sept. 1. Cook will receive a $2 million annual salary and a

John Ternus takes over as Apple enters era of AI, foldable phones
AFP23d agoneutral
John Ternus takes over as Apple enters era of AI, foldable phones

John Ternus took over as Apple's chief executive on Tuesday, inheriting a company that towers over the smartphone market but trails its rivals in artificial intelligence.He becomes executive chairman of Apple's board, with a mandate the company has said includes engaging policymakers around the world.

John Ternus Takes Over Apple with Just Eight Days Until His First Big Test
Insider Monkey23d agoneutral
John Ternus Takes Over Apple with Just Eight Days Until His First Big Test

John Ternus has officially taken over as CEO of Apple Inc. (NASDAQ:AAPL), succeeding Tim Cook after his successful 15-year run. With Apple’s next major iPhone launch scheduled for September 9, it seems the new CEO has only eight days till his first big test. On September 1, Rosenblatt analyst Barton Crockett raised the price target on […]

The Numbers John Ternus Inherits at Apple
The Wall Street Journal24d agoneutral
The Numbers John Ternus Inherits at Apple

$4.8 trillion Apple’s market capitalization sits at nearly this number, just below its late July peak. It is a massive figure that translates to more than 30 times next year’s expected profit, well over the earnings multiple of the broader S&P 500 index at 20 times.

Investing.com24d agoneutral
Apple outlines Ternus, Cook compensation in CEO transition

Investing.com -- Apple has set John Ternus’ annual salary at $3 million as he takes over as chief executive, while the company outlined a new compensation structure for both Ternus and longtime CEO Tim Cook in a regulatory filing on Tuesday.