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International Business Times UK
International Business Times UK
Technology
Christian Nogot Puno

Tim Cook Could Still Out-Earn Apple's New CEO John Ternus Under a Special Pay Arrangement

Tim Cook Apple John Ternus
Cook's $47M package as executive chair consists mainly of Apple shares, with a $2M salary and a $45M equity award. (Credit: Tessa Bury / CC BY 4.0, cropped)

Tim Cook stopped serving as Apple's chief executive officer (CEO) on 1 September. He could still receive more from salary and annual equity awards combined than John Ternus, the man who replaced him, depending on how Apple's shares perform.

Apple disclosed the two compensation arrangements in a filing with the US Securities and Exchange Commission (SEC) on the same day. The figures come from adding each executive's salary to their annual equity award, but they do not include annual cash incentive opportunities.

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