Tim Cook handed $47m package for new role as executive chair of Apple

• 01Tim Cook received a $47 million compensation package as Apple’s executive chair, consisting of a $2 million base salary and $45 million in shares.
• 02Half of Tim Cook’s share award is contingent on performance targets, with the remaining half paid out over four years.
• 03John Ternus succeeded Tim Cook as Apple’s CEO with a base salary of $3 million and a $55 million share award.
• 04Ternus’s share award is more heavily weighted toward performance metrics compared to Cook’s package.
• 05Tim Cook’s total compensation as chief executive for 2025 exceeded $74 million.
• 06Apple’s market valuation rose from approximately $350 billion when Cook became CEO in 2011 to about $4.7 trillion.
• 07Cook’s new role involves engaging with global policymakers and maintaining relationships with Donald Trump and China.
• 08Apple’s annual iPhone event is scheduled for September 9, where a foldable handset is expected to be revealed.
• 09Bloomberg reported that AirPods with cameras will not launch in the near future.
• 10Forbes estimates Tim Cook’s wealth at $3 billion, including ownership of more than 3 million Apple shares.

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Tim Cook received a $47 million compensation package as Apple’s executive chair, while his successor John Ternus was awarded $3 million in salary and a $55 million share package to assume the CEO role. Cook’s new mandate includes managing diplomatic relationships with policymakers, Donald Trump, and China, while Ternus prepares to introduce new products at Apple’s September 9 event, including a rumored foldable handset. Apple’s valuation has increased from $350 billion to $4.7 trillion since Cook took over in 2011.