Urgent.News

What's breaking now, across thousands of outlets.

Business

Tim Cook handed $47m package for new role 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 Business live – latest updates 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…

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

We haven't written up this one. Guardian Business has the full story — the link below goes straight to it.

Also reported by 1 other outlet

Read the original at theguardian.com →

More in Business

BB buys $50m after more than 3 months

In response to falling prices driven by an increased supply of US dollars in the market, Bangladesh Bank has purchased $50 million from commercial banks through an auction after nearly three and a…

More from Wednesday 2 September →