Tim Cook has been appointed as the executive chair of Apple Pay, receiving a compensation package valued at $47 million. This award is comparable to the $58 million package given to John Ternus, who succeeded Cook as CEO. The compensation includes both salary and stock awards, reflecting Cook's new role within the tech giant. AI
RANK_REASON This is a news item about executive compensation and role changes within a major tech company, not a core AI development.
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