Fortune on Thursday published its list of the “World’s Most Admired Companies” and as expected, Apple came in on top. “To say it was another big year for Apple would be a gross understatement,” the publication stated. “With the passing of Steve Jobs, questions swirled around the company’s future. But under new CEO Tim Cook’s guidance, Apple continues to prosper.” The Cupertino-based company is coming off its best quarter of all time, which boosted its market cap to over $500 billion, making it the most valuable company in the world. Rounding out the top-10 were Google, Amazon, Coca-Cola, IBM, FedEx, Berkshire Hathaway, Starbucks, Procter & Gamble and Southwest Airlines. Apple’s 2012 ranking marked the fifth consecutive year that the company has topped Fortune’s list. More →
You no longer need an iPad to purchase and read some of your favorite magazines on a tablet. On Wednesday Next Issue Media — an independent media venture founded by Conde Nast, Hearst Corporation, Meredith, News Corp. and Time Inc. — released an early build of its new Android publishing platform. It’s home to popular titles such as Esquire, Popular Mechanics, Parents, New Yorker, Fortune, and Time. The applications for each magazine are only available on Samsung’s original Galaxy Tab on Verizon Wireless for now, and you’ll need to download them from Verizon’s own VCast application store, AllThingsD said. An issue of Esquire costs $4.99, although it can be purchased for $1.99 per month, too. Next Issue Media’s CEO, Morgan Guenther, said that publishers will receive “at least” 70% of each transaction, and that the company plans to offer at least 40 different magazine titles by the end of 2011. A webOS version is in the works, for HP’s upcoming TouchPad tablet, and we hope the firm has an Android 3.0 Honeycomb build in development, too. More →
Fortune recently published an article by Adam Lashinsky titled “Inside Apple” that provides dozens of insights into the business and culture at Apple, as well as the mindset of its CEO, Steve Jobs. There are several juicy quotes and facts in it pulled from interviews with Apple employees, including Jobs’ reaction to the botched MobileMe and iPhone 3G launch in 2008. When the launch didn’t go as planned, Jobs called the MobileMe team into a town hall meeting and said the whole group was “tarnishing Apple’s reputation.” Jobs went on, “Can anyone tell me what MobileMe is supposed to do?” Upon hearing a response, Jobs wondered aloud, “So why the f*** doesn’t it do that?” Lashinsky also also discussed a speech that Jobs gives to employees rising to the rank of vice president, dubbed “Difference Between the Janitor and the Vice President.” In it, Jobs tells the new VP that it’s OK for a janitor to make excuses when things go wrong — but a VP doesn’t have that luxury. “Somewhere between the janitor and the CEO, reasons stop mattering. [That] Rubicon is crossed when you become a VP,” Jobs reportedly says during the speech. Lashinsky’s story is available in the latest issue of Forbes, which can be purchased in print, on the iPad for $4.99 or through Amazon’s Kindle store. More →
The Wall Street Journal is reporting that Facebook founder and CEO, Mark Zuckerberg, has signed the Giving Pledge, committing to donate the majority of his fortune to charitable organizations. The Pledge, which asks its signers to give away the lion’s share of their wealth during their lifetime, was organized by Microsoft founder Bill Gates and Wall Street mogul Warren Buffet. Other notable signatories of the pact include: Oracle CEO Larry Ellison, New York mayor Michael Bloomberg, AOL co-founder Steve Case, and film director George Lucas.
Mr. Zuckerberg, who has been quoted as saying wealth is both an “advantage” and a “responsibility,” made his first sizable donation of $100 million to New Jersey’s Newark Public School system this past September. “There’s so much that needs to be done, it would be better to start now,” said the CEO in a prepared video.
Although his company’s valuation is based on a future IPO, Mr. Zuckerberg’s net worth is estimated at $6.9 billion. More →
When this Verizon iPhone situation is all said and done, the iPhone will, in all likelihood, go down in the Guinness Book of World Records as the most confirmed, unconfirmed device in electronics-history. In an exposé about Verizon CEO Ivan Seidenberg, Fortune can’t seem to steer clear of Apple and the iPhone. Noting Seidenberg’s success in transforming Verizon from a $13 billion per year business into a $108 billion per year business, Fortune quipps that “every tech company” — including Apple — “must find a way to partner with it [Verizon].” The beginning of the article contains the line that the entire blogosphere, and most of the mainstream media, will latch on to: “Fortune has confirmed that a Verizon iPhone will be released in early 2011.” There it is, your definitive, Verizon, CDMA, iPhone, it’s really happening, rumor of the week. More →