TIM COOK GETS $47M DEAL AS APPLE EXECUTIVE CHAIR

AI DESK■ 1 MIN READ

WED, SEP 2, 2026

■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE

Tim Cook has received a $47 million compensation package following his transition to executive chair at Apple. The deal nearly matches the $58 million award given to his successor John Ternus, who took over as CEO on Tuesday.

Cook's remuneration consists of a $2 million base salary and $45 million in shares. Half of the share component is contingent on meeting performance targets, while the remainder vests over time. The compensation package reflects Cook's continued senior role at the $4.7 trillion tech company. His move to executive chair marks a significant leadership transition after 13 years as CEO. Ternus, Cook's successor, received a $58 million package as the incoming chief executive. The comparable pay levels underscore Apple's intent to retain Cook's involvement in strategic direction while establishing clear leadership separation. Both compensation arrangements include performance-based elements tied to company objectives, aligning executive incentives with shareholder interests.

■ SOURCES

► The Guardian — Technology

■ SUMMARY WRITTEN BY AI FROM THE LINKS ABOVE

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TIM COOK GETS $47M DEAL AS APPLE EXECUTIVE CHAIR

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