New Apple CEO’s Jaw-Dropping Pay Package Revealed

Stephen Lam / Stephen Lam/Reuters Tim Cook’s successor at Apple is set to receive a staggering payday. John Ternus, who was named in April to replace Cook as the tech giant’s CEO, will be eligible for annual compensation valued at a whopping $58 million. The company’s former senior vice president of hardware engineering will receive a $3 million annual salary, plus a prorated restricted stock unit (RSU) award with a target value of $2.5 million and an annual equity award with a target value of…