Multiple outlets report that Apple filed documents showing John Ternus will receive a 58 million annual package that includes a 3 million salary plus restricted stock units. The same filings list Tim Cook's compensation at 47 million for the executive chairman role. Barron's notes that most of Ternus's equity award depends on Apple stock outperforming S&P 500 peers. Reports from TheWrap, Mint, and Business Today cite the SEC documents as the source for the figures.
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Tim Cook moves to executive chairman with separate compensation while John Ternus takes over as CEO.
Multiple outlets report that Apple filed documents showing John Ternus will receive a 58 million annual package that includes a 3 million salary plus restricted stock units. The same filings list Tim Cook's compensation at 47 million for the executive chairman role. Barron's notes that most of Ternus's equity award depends on Apple stock outperforming S&P 500 peers. Reports from TheWrap, Mint, and Business Today cite the SEC documents as the source for the figures.