Inside Apple’s CEO transition: Tim Cook’s $47M board role, John Ternus era, and App Store shakeup

On September 1, Apple went through a major leadership transition as Tim Cook stepped down as CEO, and John Ternus took over as the company’s new chief executive. While the transition is significant for the company, Cook is not exiting the company but retaining a crucial role as executive chairman of the board. Advertisement According to the latest Bloomberg report, Cook will continue to have considerable influence within the company, and that it also reflected in his $47 million pay package. Whereas Ternus’s role comes at a crucial time, and he is said to get a noticeable head start with…