Positive impactCompany
Apple to pay Tim Cook $47 million as he takes over as executive chair: Here's how much he will make in annual salary
Mint 1 hr ago·2 Sept 2026, 3:47 am
Apple has announced a significant leadership shift, with CEO Tim Cook moving to the role of Executive Chairman. This new position comes with a substantial compensation package, including a base salary of $2 million and $45 million in equity grants. The company has also appointed John Ternus as the new CEO to lead its day-to-day operations.
This change is a strategic move to balance Cook's continued influence with the need for fresh leadership. As Executive Chairman, Cook will focus on major initiatives, including Apple's push into artificial intelligence. The appointment of Ternus is expected to help the company navigate complex geopolitical challenges, such as tensions between the US and China, while maintaining its market position.
Excerpt from Mint
iPhone maker Apple Inc. is paying its former Chief Executive Officer (CEO), Tim Cook , a $47 million compensation package as he transitions to the newly created role of executive chairman. The latest arrangement puts Cook’s pay close to that of new CEO John Ternus and suggests that the former CEO is likely to remain…Read the original at Mint
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