APPLE HOLDS FAREWELL PARTY FOR TIM COOK AS TERNUS PREPARES TO TAKE OVER

Summary from the TLDR newsletter

Tim Cook will step down as Apple's CEO on September 1. The company held a celebration for Cook on August 23, a day before his 15th anniversary as Apple CEO. Approximately 200 people attended the party, where the band OneRepublic performed. Cook will remain with Apple and become the company's executive chairman. John Ternus, who has been at Apple since 2001, will take over as CEO.