Tim Cook’s New Apple Executive-Chairman Package Estimated at About $47 Million a Year

Tim Cook, 65, is set to receive a new Apple compensation package as executive chairman estimated at about $47 million a year. The arrangement was characterized as offering him more flexibility and potentially less operational work than his CEO role.

Incoming CEO John Ternus will receive less at the start; the commentary noted that roughly 35 professional athletes are expected to earn more than him next year. His initial compensation was described as a fair starting point, with the possibility of substantial increases if he proves himself. The cited material does not specify the package structure, equity component, or exact terms of Ternus’s pay.