Apple Sets $58 Million Compensation Target for CEO John Ternus
Apple’s SEC filing puts John Ternus’s fiscal 2027 compensation target at about $58 million and Tim Cook’s executive-chair target at about $47 million, with both packages weighted toward equity.
Phil Schiller Reportedly Steps Back From App Store and Product Events Role
Bloomberg and AppleInsider report that Apple Fellow Phil Schiller is no longer leading the App Store or managing product events, though Apple has not announced a departure from the company.
Apple opens an Advanced Manufacturing Center in Houston
Apple has opened a new Advanced Manufacturing Center in Houston, where it says small and medium-sized businesses can receive free training and educational sessions.