Apple Discloses $58M Pay Package for New CEO John Ternus, $47M for Cook
Source Summary
Apple has disclosed executive compensation details showing incoming CEO John Ternus will receive a $58 million pay package, while outgoing CEO Tim Cook will receive $47 million. The disclosure reflects the company's executive compensation structure as Ternus assumes the chief executive role.
Why it matters
Executive compensation disclosures provide shareholders with transparency regarding leadership costs and incentive structures during a significant CEO transition.
