Apple Inc. plans to pay its new CEO John Ternus an annual salary of $3 million, as well as a targeted stock bonus of $55 million starting in the 2027 financial year, which will begin on September 26:
According to the company's announcement, former CEO Tim Cook, who has taken on the role of executive chairman of the board, will receive a salary of $2 million and a bonus package of shares worth $45 million:
Ternus replaced Cook on September 1 and now leads Apple:
Cook joined the company in 1998 and became CEO in 2011, succeeding one of Apple’s founders, Steve Jobs:
Under Cook's leadership, the company's revenue grew from $108 billion at the start of his tenure to $416 billion last year, while profits increased more than fourfold:
Apple's market capitalization has risen nearly 20% this year, reaching $4.75 trillion, while the S&P 500 index has increased by 11.5%:
