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Tim Cook handed $47m package for newrole as executive chair of Apple

Pay and shares deal nearly matches $58m award to John Ternus, his successor as CEO at the $4.7tn tech company

This story summarizes reporting from The Guardian. Read the original for full context. Wire items stay in our news sitemap for seven days. Editorial policy.

Read full story on The Guardian →
Dan Milmo Global technology editor2 Sept 2026, 12:28 pmUpdated 1h ago1 min readBusinessGlobal
Tim Cook handed $47m package for new role as executive chair of Apple

Global — Dan Milmo Global technology editor

Pay and shares deal nearly matches $58m award to John Ternus, his successor as CEO at the $4.7tn tech company

Tim Cook has received a $47m (£35m) pay deal as Apple’s executive chair, a remuneration package that nears the level set for his successor as chief executive.

Cook, who handed over to John Ternus on Tuesday, will be paid a base salary of $2m and $45m worth of shares . Half of the share award will be based on performance targets being met, while the remaining half will be paid out over four years.

Tim Cook has received a $47m (£35m) pay deal as Apple’s executive chair, a remuneration package that nears the level set for his successor as chief executive.

This report is published with credit to The Guardian. The wire sent a summary; open the original for any extra context. Read on The Guardian →

Source: The Guardian · Dan Milmo Global technology editor. Published 2 Sept 2026, 12:28 pm.

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