APPLE SETS $58M PAY FOR NEW CEO TERNUS, $47M FOR COOK

The tech giant announced the pay packages as part of its leadership transition plan. Ternus, who assumes the CEO position, will receive the higher compensation reflecting his expanded responsibilities leading the company's operations and strategy. Cook transitions to executive chairman, a role focused on business and corporate strategy while remaining involved in key company decisions. His $47 million compensation reflects the shift from his previous CEO position. Both packages represent Apple's approach to executive compensation tied to company performance metrics. The figures represent base salary, bonuses, and equity awards structured to align leadership incentives with shareholder interests. The compensation structure underscores Apple's ongoing commitment to leadership continuity as Ternus takes the helm. The transition marks a significant shift in Apple's executive ranks after Cook's tenure as CEO.