Apple's New CEO John Ternus Set for $58M Pay Package Tied to S&P 500 Performance

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Apple has disclosed that new CEO John Ternus will receive a $3 million base salary along with a $55 million stock award targeted for fiscal 2027, according to an SEC filing. However, 75% of the equity component will only vest if Apple's shareholder returns outperform the S&P 500 index. Former CEO Tim Cook, who transitions to executive chairman, is set to receive approximately $47 million in compensation. Ternus officially assumed the chief executive role on Tuesday, just nine days ahead of Apple's September 9 iPhone event.

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Indian Railways Says Vande Bharat Sleeper Trains Will Have No Tatkal Booking Quota

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Mumbai farmer's strawberry venture grows into Rs 44 lakh business

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