{
  "id": 4991828,
  "title": "Apple sets pay targets at $73 million for John Ternus, $59 million for Tim Cook",
  "url": "https://urgent.news/2026/09/02/apple-sets-pay-targets-at-73-million-for-john-ternus-59-million-for",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-02T01:45:00.000Z",
  "source": {
    "name": "Straits Times Business",
    "slug": "straits-times-business",
    "url": "https://www.straitstimes.com/business/companies-markets/apple-sets-pay-targets-at-73-million-for-john-ternus-59-million-for-tim-cook"
  },
  "original_language": "en",
  "account": "On September 1, Apple disclosed the compensation packages for its new CEO, John Ternus, and outgoing CEO, Tim Cook. Ternus, who assumed the role after Cook's 15-year tenure, will receive a compensation package valued at approximately $58 million (S$73 million) for fiscal year 2027. This includes a $3 million annual base salary and a stock grant with a target value of $55 million in 2027. Cook, 65, has received a $47 million (S$59 million) package for his role as executive chairman. Cook's salary will be reduced to $2 million annually as part of his new role, and his 2027 stock package target value will be $45 million. Ternus is expected to stay in his role as executive chairman for a long time.",
  "summary": "The company made the disclosure in a filing with the US Securities and Exchange Commission on Sept 1.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Motley Fool",
        "title": "Tim Cook Just Handed Apple to John Ternus -- but He's Not Leaving. Here's What It Means for AAPL Stock.",
        "url": "https://urgent.news/2026/09/01/tim-cook-just-handed-apple-to-john-ternus-but-hes-not-leaving-heres",
        "published": "2026-09-01T19:19:01.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}