Tim Cook may be giving up Apple’s top job, but the company isn’t letting its longtime CEO fall far from the tree just yet.
Cook, who handed the CEO title to longtime hardware chief John Ternus on Tuesday, will stay on as executive chair for the tech company, earning an annual salary of $2 million effective Sept. 26. As chair, Cook will continue assisting with certain aspects of Apple, including “engaging with policymakers around the world,” the company said in April when it announced his new role.
