Good morning.
Happy Labor Day! It’s Monday, September 7 — let’s make this week count.
Apple just made clear that Tim Cook isn’t fading into the background even as John Ternus takes the CEO title, locking in a hefty executive chairman package days before the company’s September 9 event.
Today we are covering:
Apple locks in a hefty pay package for Tim Cook as executive chairman just days before its September 9 event, while new CEO John Ternus gets a $58 million package of his own
OpenAI reveals its researchers now burn as much as $7,000 a day on coding agent tokens, with AI agents outpacing human labor 3 to 1 inside its research org
Hackers drain $320 million from Liquid Network, a Bitcoin settlement layer used by major exchanges, then claim they are the “good guys”
