Apple has not yet finalised what it will pay John Ternus as its next chief executive, but the compensation gap between the incoming CEO and the man he is replacing is already clear from public filings ...

Tim Cook, Apple's CEO, is set to step down in September with a net worth of $2.9 billion, largely due to stock-based compensation. His leadership saw Apple's market value soar to $4 trillion.

John Ternus has been announced as the new Apple CEO and will take over from Tim Cook who has helmed the Steve Jobs-founded company since 2011.

Tim Cook made Apple rich through execution. Now new Apple CEO John Ternus faces the harder task: reigniting innovation, growth, and Apple’s next chapter.

Apple announced that Tim Cook will step down Sept. 1 after almost 15 years at the helm. During his tenure, Apple stock more than tripled the price returns of the S&P 500 index.

Apple CEO Tim Cook said he gave John Ternus advice on managing time and where to spend it.