Tim Cook Stays On: Apple's New CEO Era Begins Under Ternus

After stepping down as CEO after 15 years, Tim Cook has taken on a new role at Apple as executive chairman. His departure marks the beginning of a new era for the company under John Ternus, who has been appointed as the new CEO.

Cook's compensation package suggests that he will remain closely involved in the company's decision-making process. He is expected to receive a $2 million base salary in 2027, down from $3 million as CEO, and has been awarded restricted stock units worth $45 million.

This unusual compensation package indicates that Apple expects Cook to continue contributing significantly to the company. His experience dealing with governments and political leaders will likely remain valuable assets for the company.