Cook's Legacy Continues: Tim to Remain Key Player at Apple Despite Leadership Transition

Apple has officially welcomed John Ternus as its new CEO, but don't expect Tim Cook to disappear from the picture anytime soon. After stepping down as CEO after 15 years, Cook will take on a role as executive chairman, while Ternus assumes his duties.

Cook's compensation package suggests that Apple still expects him to be heavily involved in key areas, particularly his relationships with governments and political leaders in Washington and Beijing.

As part of the transition, Cook is expected to receive a $2 million base salary in 2027, down from $3 million as CEO. However, he has been awarded restricted stock units worth $45 million, indicating that Apple expects him to continue contributing significantly.