Tim Cook 2013 Compensation

Tim Cook gets 10% pay cut… but still takes home over $40 million

By on December 31, 2013 at 6:30 PM.

Tim Cook gets 10% pay cut… but still takes home over $40 million

Apple’s CEO has docked himself a hefty $4 million in pay, as a direct result from Apple’s underperforming stock price earlier this year, according to a proxy statement filed on Sunday (via CNN). Expressing a “strong desire to set a leadership example in the area of CEO compensation and governance,” Tim Cook insisted on putting half of his own stock grants at risk if Apple’s shares underperformed the S&P 500 index this year. More →

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Apple CEO Tim Cook talks iPad mini and product cannibalization, slams Surface, and more

By on October 26, 2012 at 11:20 AM.

Apple CEO Tim Cook talks iPad mini and product cannibalization, slams Surface, and more

Following the release of Apple’s (AAPL) Q4 2012 financial earnings, CEO Tim Cook fielded questions that ranged from defending the iPad mini’s $329 price tag to gently slapping Microsoft’s (MSFT) Surface tablet. Since he officially took over the chief executive role, Cook has made a concerted effort to be more transparent about Apple’s business operations. A soft-spoken guy, Cook cut his teeth for Apple securing components and ensuring its supply chain was always on top of things. While he’s not quite as charismatic as the late Steve Jobs, he’s every bit as tough and aggressive. Calm and extremely calculated, Cook is capable of throwing a hard jab when the occasion arrises. Here are the six most interesting nuggets that Cook revealed on Thursday evening’s earnings call. More →

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Apple CEO pays tribute to Steve Jobs on the one-year anniversary of his passing [video]

By on October 5, 2012 at 8:02 AM.

Apple CEO pays tribute to Steve Jobs on the one-year anniversary of his passing [video]

Steve Jobs Passing One Year

Legendary Apple (AAPL) CEO Steve Jobs passed away one year ago on Friday and current Apple chief Tim Cook decided to pay tribute to Jobs on Apple’s website with both a letter to Apple customers commemorating Jobs and a video tribute to Jobs’ life. In his letter Cook said that Apple was one of Jobs’ “greatest gifts” to the world and said that under his leadership “no company has ever inspired such creativity or set such high standards for itself.” Cook also said that Apple’s employees now “share a great privilege and responsibility of carrying his legacy into the future.” Apple’s video tribute to Jobs is posted below.

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TIME accused of hacking Anonymous hackers’ position on TIME 100 list

By on April 19, 2012 at 1:30 PM.

TIME accused of hacking Anonymous hackers’ position on TIME 100 list

“Anonymous Operations,” a global band of hacker-activists whose targets over the past year include the CIA and other government bodies, has been ranked No. 36 on TIME’s list of the “100 Most Influential People in the World.” According to a report from The Huffington Post, however, Anonymous was actually ranked No. 1 with 395,793 votes as of 5:00 p.m. on April 6th. Even at No. 36, Anonymous was still ranked ahead of investor and philanthropist Warren Buffett, Apple CEO Tim Cook and United States President Barack Obama, who was ranked No. 61. New York Knicks point guard Jeremy Lin took the No. 1 spot on TIME’s list, though the poll had him ranked at No. 9 according to The Huffington Post. Other people included among the top-10 on TIME’s list of the most influential people in the world were New York Jets quarterback Tim Tebow, comedian Louis CK and pop singer Rhianna. More →

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Apple CEO Tim Cook to open D10 conference

By on April 10, 2012 at 11:00 PM.

Apple CEO Tim Cook to open D10 conference

AllThingsD on Tuesday announced that Apple CEO Tim Cook will be the keynote speaker on the opening night of its D10 conference. It will be Cook’s first appearance at the conference. Apple co-founder and former CEO Steve Jobs spoke at the event numerous times, last appearing at the D8 conference two years ago. Cook will join the likes of New York City Mayor Mike Bloomberg, Oracle CEO Larry Ellison, Federal Trade Commission Chairman Jon Leibowitz, entrepreneur Sean Parker, Spotify co-founder and CEO Daniel Ek, Zynga founder and CEO Mark Pincus, as well as many others who will be speaking at the event. The D10 conference will run from May 29th to May 31st at the Terranea Resort in Rancho Palos Verdes, California. More →

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Steve Jobs’s biographer says ‘thermonuclear’ anger at Google was real

By on April 5, 2012 at 12:30 PM.

Steve Jobs’s biographer says ‘thermonuclear’ anger at Google was real

Walter Isaacson, the man behind the authorized Steve Jobs biography, said while speaking at the Royal Institution on Wednesday that he disagreed with Google CEO Larry Page, and Jobs’s hatred for Android was real, Macworld reported. In an earlier interview, Page indicated that the Android, Apple feud was just “for show” and merely a way to rally the troops. The CEO mentioned how he “had a relationship with Steve” and despite his declining health at the time, Apple’s co-founder reached out to him for a casual talk. Isaacson, however, outlined why Jobs felt such “thermonuclear” anger towards Google’s “stolen product.” More →

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Apple’s Tim Cook named most popular CEO of 2012

By on March 30, 2012 at 8:30 PM.

Apple’s Tim Cook named most popular CEO of 2012

Glassdoor on Friday revealed its latest list of the “Top 25 Highest Rated CEOs of 2012.” Apple’s Tim Cook took the top spot with a 97% approval rating, leading Ernst & Young’s Jim Turley, Qualcomm’s Paul Jacobs and Google’s Larry Page. “I think leadership is doing an amazing job,” said one Apple employee. “We have the best management team anywhere.” When Steve Jobs stepped down in August 2011, the late Apple co-founder garnered a cumulative approval rating of 97%, however Cook leads Jobs’s rating of 95% from March 2010 to March 2011. While it has been a tough year for Hewlett-Packard, the company’s new CEO Meg Whitman also made the list with an 80% approval rating, placing her in the  No. 24 spot. Glassdoor bases the list entirely on feedback from anonymous employees who were asked one question — do they approve of the way their CEO is leading the company? More →

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New Apple CEO goes where Steve Jobs would not

By on March 29, 2012 at 9:10 AM.

New Apple CEO goes where Steve Jobs would not

Steve Jobs took particular care to ensure the company he created continued to operate at the high levels he demanded after he left. Thanks to the processes he put in place, the procedures he pined over and the products he helped mastermind, Apple’s last quarter was the biggest ever among technology companies, and Apple is currently the most valuable company in the world. But current Apple CEO Tim Cook has brought change to the company he now runs, and how that will affect Apple in the long term remains to be seen. As Cook continues to separate himself from his predecessor in a number of ways, the executive visited China recently to put himself on the front lines of Foxconn’s new iPhone factory in Zhengzhou, China, which will employ 120,000 people according to Bloomberg. Foxconn’s facilities recently underwent an Apple-prompted series of inspections by the Fair Labor Association, which is expected to release a report on its findings soon. Another image of Cook at Foxconn’s Zhengzhou factory follows below. More →

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Path CEO grilled by Tim Cook and Apple over privacy

By on March 15, 2012 at 5:00 PM.

Path CEO grilled by Tim Cook and Apple over privacy

Last month it was discovered that the popular social network Path was uploading entire address books — including email addresses, names and phone numbers — to its external servers. Path’s actions were a direct violation of Apple’s terms of agreement, and the Cupertino-based company was apparently not happy. Bloomberg’s BusinessWeek reported on Thursday that Path co-founder Dave Morin was hauled into Apple’s headquarters and grilled by CEO Tim Cook and other executives on the matter. Apple remained silent as other developers were called out for stealing users’ contact data, but the company finally issued a statement claiming that “any app wishing to access contact data will require explicit user approval in a future software release.” More →

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Tim Cook: Apple has more cash than it needs

By on February 23, 2012 at 6:00 PM.

Tim Cook: Apple has more cash than it needs

During the company’s annual shareholders meeting on Thursday, CEO Tim Cook acknowledged that Apple has more money “than we need to run a company.” Apple’s board is currently engaged in “active discussions” about what to do with the $100 billion in cash it has on hand, hinting at the possibility of a dividend. “The board and management team are thinking about this very deeply,” Cook said. A dividend returns a portion of the company’s profit to shareholders, and the last time Apple paid one was in 1995 prior to the return of Steve Jobs. Investors have pushed the company to again pay a dividend, hoping it will boost Apple’s stock price by bringing in a new breed of investors, reports Bloomberg. “You can be assured we are working as hard as ever this year to deliver an incredible year and some products that will blow your mind,” Tim Cook also noted during the meeting. Apple is expected to release a new iPad next month, an HDTV this summer and a redesigned iPhone this fall. More →

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Apple CEO: No pressure from Microsoft, PC industry is chasing MacBook Air

By on February 17, 2012 at 11:01 AM.

Apple CEO: No pressure from Microsoft, PC industry is chasing MacBook Air

Apple deviated from its standard closed-door approach to unveiling new software earlier this week and gave a number of media outlets early access to an upcoming version of its OS X operating system for Macs. Apple’s OS X 10.8 Mountain Lion will launch this summer, featuring a wide range of enhancements that will see Apple’s desktop platform look and behave more like its mobile platform. Executives from the Cupertino, California-based technology giant even met with reporters personally to demonstrate the new software, perhaps in an effort to help foster the same type of enthusiasm for OS X that iOS enjoys. During one such meeting with The Wall Street Journal, Apple CEO Tim Cook shed some light on the PC industry from Apple’s point of view. Read on for more. More →

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Live: Apple CEO Tim Cook speaks at Goldman Sachs tech conference

By on February 14, 2012 at 3:25 PM.

Live: Apple CEO Tim Cook speaks at Goldman Sachs tech conference

Apple chief executive Tim cook is scheduled to speak at Goldman Sachs’s annual Technology and Internet Conference on Tuesday, and Apple is streaming the CEO’s presentation live on its site. Cook has spoken at the conference numerous times in the past and while more exciting announcements are scheduled to take place a few weeks from now, the executive will likely cover a number of interesting topics while discussing his company — the most valuable company in the world — and the state of technology. Cook is scheduled to take the stage at 3:30 p.m. Eastern, 12:30 p.m. Pacific and Apple’s live broadcast can be found via the read link below. More →

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Apple CEO: ‘We care about every worker in our supply chain’

By on January 27, 2012 at 10:00 AM.

Apple CEO: ‘We care about every worker in our supply chain’

The New York Times recently published an article discussing the unsafe working conditions in the factories Apple employs to build its products. It’s no secret that several factories belonging to Apple’s ODM partners have harsh working conditions; there are rumors of anti-suicide pledges that Foxconn workers have to sign, and safety is obviously a concern following multiple preventable explosions at Foxconn plants. While much has reportedly been done to improve working conditions at these plants, Apple CEO Tim Cook recently assured his employees that the Cupertino-based company does care about the workers in each of those factories. Read on for more. More →

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