Key Takeaway
Pay and shares deal nearly matches $58m award to John Ternus, his successor as CEO at the $4. 7tn tech companyBusiness live – latest updatesTim Cook has received a $47m (£35m) pay deal as Apple’s executive chair, a remuneration package that nears the level set for his successor as chief executive.
Published September 2, 2026 · Category: News
Overview
Pay and shares deal nearly matches $58m award to John Ternus, his successor as CEO at the $4.7tn tech company
Tim Cook has received a $47m (£35m) pay deal as Apple’s executive chair, a remuneration package that nears the level set for his successor as chief executive.
Details
Cook, who handed over to John Ternus on Tuesday, will be paid a base salary of $2m and $45m worth of shares. Half of the share award will be based on performance targets being met, while the remaining half will be paid out over four years.
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Source
Originally published at www.theguardian.com.
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What is "Tim Cook handed $47m package for new role as executive chair of Apple" about?+
Pay and shares deal nearly matches $58m award to John Ternus, his successor as CEO at the $4.7tn tech companyBusiness live – latest updatesTim Cook has received a $47m (£35m) pay deal as Apple’s executive chair, a remuneration package that nears the level set for his successor as chief executive.Cook, who handed over to John Ternus on Tuesday, will be paid a base salary of $2m and $45m worth of shares. Half of the share award will be based on performance targets being met, while the remaining ha
Who reported this story?+
This story was reported by The Guardian World.