Ternus Takes Over as Apple CEO Amid Leadership Changes and Stock Gains
Apple Inc.'s (NASDAQ:AAPL) recent leadership changes have been met with a mix of reaction from investors and experts. Rep. Cleo Fields (D-La.) has come under scrutiny after disclosing he purchased over $1 million in Apple stock, which could be significant given the company's current situation.
Fields' purchase comes as Apple's stock price has declined. His recent disclosure coincides with a period of declining stock performance for the tech giant.
Meanwhile, former CEO Tim Cook is set to remain involved with the company after relinquishing his role as head honcho. Cook received a new $47 million compensation package, which includes a $2 million annual salary and a target equity award of $45 million for fiscal 2027.
Market expert Gene Munster highlighted Cook's leadership, saying that his greatest contribution wasn't the company's stock gains but rather something else. This commentary came as Cook's last day leading Apple approached.