Tim Cook to be paid $47mn as Apple’s executive chair
- Posted on September 1, 2026
- By Financial Times
- 2 Views
- 1 min read
In brief
Apple's board has approved a substantial $47 million compensation package for Tim Cook as the company transitions him to executive chair, while new CEO John Ternus receives $58 million. This strategic move reflects Apple's confidence in both leadership transitions, with Cook maintaining significant influence over corporate strategy despite stepping down from the chief executive role. The compensation structure underscores the importance of continuity during executive transitions at one of the world's most valuable technology companies.
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Tim Cook to be paid $47mn as Apple’s executive chair
Pay package signals big role for former CEO as his successor John Ternus gets $58mn
