News Summary

• Tim Cook will step down as CEO of Apple on Sept.
• He will stay on as executive chair for the tech company, earning an annual salary of $2 million.
• During his 15-year tenure, he became a sort of "Trump whisperer" in navigating the company's relationship with the president.
• Cook will continue assisting with certain aspects of Apple, including "engaging with policymakers around the world," the company said in April.
• He was approved for an equity award with a target value of $45 million, according to a regulatory filing.