Tim Cook’s CEO-Like Pay Package Shows He Isn’t Going Anywhere

Live updates

1. 7d ago

   John Ternus Takes Over as Apple CEO

   John Ternus has succeeded Tim Cook as CEO of Apple, inheriting a company valued at $4.5 trillion. Ternus begins his tenure with the launch of a new iPhone on September 9. While Cook has exited after 15 years, reports indicate he may receive a pay package in 2027 that exceeds that of Ternus. The new CEO faces immediate scrutiny regarding his leadership direction and the challenges of maintaining the company's growth trajectory following Cook's tenure.

   Why it matters

   Tim Cook led Apple for 15 years, delivering a 2,720% total return for investors. The transition marks a shift in leadership for one of the world's largest corporations. Ternus now manages the company's strategic direction and product cycle.

   What is confirmed

   • John Ternus is the new CEO of Apple.
   • Tim Cook exited Apple after 15 years.
   • Apple is valued at $4.5 trillion.
   • The first iPhone under John Ternus launches on September 9.

   Still unconfirmed

   • Apple will give the new CEO a $3 million salary.
   • Tim Cook could be paid more than John Ternus in 2027.
   • Tim Cook's pay package suggests he is not going anywhere.

   What to watch next

   • Market reaction to the September 9 iPhone launch
   • Official disclosure of John Ternus's full compensation package
   • First quarterly earnings report under Ternus's leadership
   Sources used for this update (13)

   1. The New York Times — Apple Begins Its Next Balancing Act as New C.E.O. Takes Over
   2. inc.com — With Just 9 Words, Tim Cook’s Farewell Email Taught a Lesson for Every Leader
   3. WSJ — Apple to Give New CEO $3 Million Salary
   4. finance.yahoo.com — ‘The soul of an innovator’: Tim Cook hands a $4.5T Apple to John Ternus. Turn $10K into your own wealth-building machine
   5. Currently.com — Apple's First iPhone Under New CEO John Ternus Launches Sept. 9. Here's Whether It's Finally Time to Buy the Stock.
   6. CNN — The world is about to meet Apple’s new CEO. Here are his biggest challenges
   7. Bloomberg.com — Tim Cook’s CEO-Like Pay Package Shows He Isn’t Going Anywhere
   8. The Daily Upside — Say Hello to the New CEO. Where Will John Ternus Lead Apple?
   9. AppleInsider — Sunday Reboot: Job changes at the top and very safe hands
   10. Gizmodo — Apple Could Pay Tim Cook More Than John Ternus in 2027, Report Says
   11. The Motley Fool — Tim Cook Delivered a 2,720% Total Return Over 15 Years. Here's Whether John Ternus Can Do the Same for Apple Investors.
   12. Business Insider Africa — Billionaire Tim Cook exits Apple after 15 years, leaving a $4.5 trillion giant that relied on African minerals but invested little in the continent
   confidence 90%