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Apple Sets Pay Targets at $58 Million for Ternus, $47 Million for Cook

Apple Inc. said that new Chief Executive Officer John Ternus will get a compensation package worth about $58 million in fiscal 2027, while Tim Cook’s role as executive chairman will pay around $47 million. The company made the disclosure in a filingBloomberg Terminal with the Securities and Exchange Commission on Tuesday, the first day of Ternus’ tenure. The new CEO will be paid a $3 million annual base salary moving forward and receive a stock grant with a target value of $55 million next year....

Read more at bloomberg.com

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