A look at the compensation packages for Apple's John Ternus and Tim Cook

Apple's incoming CEO John Ternus is slated for a total pay package of $58 million for the 2027 fiscal year. This figure includes a base salary of $3 million alongside $55 million in stock grants. Meanwhile, Tim Cook, who is transitioning to the role of executive chairman, will earn $47 million. His compensation consists of a $2 million annual salary and a target equity award valued at $45 million.