This is a discussion on Tim Cook Named Highest Paid CEO In America within the Apple News forums, part of the Apple News Room category; New Apple CEO is leaving his mark on the company, with a host of small-scale changes, according to report in the Wall Street Journal. One ...
New Apple CEO is leaving his mark on the company, with a host of small-scale changes, according to report in the Wall Street Journal. One of Mr. Cook’s challenges was to preserve the culture innovation that Jobs had developed at Apple, a task made substantially more complex in that Steve Jobs was a central part of that change.
The article claims that he has already proved to be more communicative with the company employees than his late predecessor.. In audition, Cook seems to have divided Apple’s education unit into the company’s sales and marketing units. Also, the iAds group was assigned to Eddy Cue, a senior vice president of cloud services.
The Journal also reported that Apple will now match employee contributions to non-profit charities up to $10, 000. Jobs had limited support for philanthropy so Cook has been sending messages addressed to the entire team of employees at the company. Other changes that could be in the works include more communication between Mr. Cook and shareholders, as well as possible plans for Apple’s massive cash hoard of more than $80 billion.
The spotlight has shined brightly on Cook since he was promoted from COO to CEO when Steve Jobs stepped down in August this year. At the time, Cook e-mailed Apple employees to say that: “I want you to be confident that Apple is not going to change. I cherish and celebrate Apple’s unique principles and values.”
While no large scale changes are currently evident, it’s clear that Cook is intent on putting his own stamp on the company. It’s surely going to be intriguing to see where he takes Apple in the years to come.
Mr. Cook has portions of two restricted-stock-unit grants-including one he received for filling in for Steve Jobs when the co-founder was on medical leave-vesting in the first quarter. As of Apple’s closing stock price on Dec 30, those vesting shares of Mr. Cook’s were worth $96.2 million, according to the study.
Following Tim Cook is Eric Schmidt of Google with a vesting worth $16.4 million and thirdly is eBay CEO John Donahoe with a vesting worth $10.5.
Apple CEO Tim Cook is Down to Earth and Likes Lunching with Random Employees
AppleInsider reports on a cover feature in the latest issue of Fortune all about how new Apple CEO Tim Cook is changing Apple since he took over from the late Steve Jobs. According to the story, which was written by Adam Lashinsky, author of Inside Apple, Apple investors were “shocked” when Cook spoke to them at a meeting in February at Apple’s headquarters. Apparently the shocked reaction was because Cook’s predecessor, Steve Jobs, usually avoided such events. Lashinsky says that Cook enjoys the personal touch with his employees, and likes to do things like sitting randomly with employees who are eating lunch in Apple’s cafeteria. Cook has brought in many changes at Apple, such as focusing on using green energy, and instigating the employee stock dividend and share repurchase scheme. However, while Lashinsky details many changes that Cook has made at Apple since he became CEO, he stresses that Cook is still preserving “most of Apple’s unique corporate culture.’
Apple's Evolution Under the Leadership of Tim Cook
Back in November, The Wall Street Journal took a look at how Tim Cook was putting his stamp on Apple just two months after officially being elevated to the position on Chief Executive Officer. But with Cook now having been on the job for nine months, Fortune examines in a lengthy profile how the company and its culture have continued to evolve under his leadership.
A 14-year veteran of the company, Cook is maintaining, by words and actions, most of Apple's unique corporate culture. But shifts of behavior and tone are absolutely apparent; some of them affect the core of Apple's critical product-development process. In general, Apple has become slightly more open and considerably more corporate. In some cases Cook is taking action that Apple sorely needed and employees badly wanted. It's almost as if he is working his way through a to-do list of long-overdue repairs the previous occupant (Jobs) refused to address for no reason other than obstinacy.
Calling Tim Cook "the master of operational efficiency", the report notes that Cook continues to spur Apple to both streamline and innovate with its manufacturing processes, bankrolling purchases of equipment and other infrastructure with its own money to allow its supply chain and assembly partners to improve efficiency and output.
But that operational efficiency has led to the belief that Apple is becoming more traditional and conservative, becoming an "execution engine" driven by business-oriented managers with MBAs and less dependent on its design and technical expertise to lead the way.
It looks like it has become a more conservative execution engine rather than a pushing-the-envelope engineering engine," says Max Paley, a former engineering vice president who worked at Apple for 14 years until late 2011. "I've been told that any meeting of significance is now always populated by project management and global-supply management," he says. "When I was there, engineering decided what we wanted, and it was the job of product management and supply management to go get it. It shows a shift in priority."
The entire profile is an interesting look at how Apple is changing under Tim Cook, also highlighting his own evolution in becoming the face of Apple and how he differs from Steve Jobs, from his quiet nature to his willingness to listen to investors to sitting down to eat with random employees in the Apple cafeteria.
Tim Cook's apology shows that Apple cares, but still needs to fix problem
Last week I wrote an article criticizing Apple's new Maps capability explaining why it was a deal-breaker for me and why I was leaving the iPhone. That article generated hundreds of comments (in agreement and disagreement), tweets, and emails to me and TUAW, some going so far as calling for me to be fired. Since that article was published, the criticisms of Maps have exploded, so much so that Tim Cook released a rare public apology from Apple and pointed users to mapping apps from competitors. While that may help stem the bleeding until Apple can figure out how to fix its Maps mess, there are two things about Tim Cook's statement I want to address.
The first is that Cook's apology shows that Apple truly cares about its users. You know those times you mess up and realize how hard it is to apologize for your mistake? It's usually pride or embarrassment that gets in the way of apologizing. Either way, it's still incredibly hard to admit you were wrong. Now multiply that feeling by a million, knowing that your apology -- the admission that you were wrong -- will be reported by every major newspaper and tech blog in the world.
On top of that, when your company is almost always right in its business choices, admitting a mistake is a huge mark against it. Add to that the suggestion that some third-party companies products -- some of them from your major competitors -- might do the job of your mobile OS's primary new feature better than your product does. Put those all together and you might have an idea of how monumental and significant Tim Cook's apology was.
That shows just how mature Apple is and exactly how much the company cares about the user experience its customers enjoy. I've written in depth about Tim Cook before and this just solidifies my opinion about him. He is the best CEO on the planet and the person to lead Apple into the future.
But here's the second thing: As much as I believe in Tim Cook and appreciate his acknowledgment of the Maps fiasco, his suggestions that users check out other mapping or web apps aren't a real solution to the problem. Most of the mapping apps highlighted by Apple are really navigation apps. They get you from point A to point B. They can get you from St. Louis to Chicago. That's not the problem with Maps. The real issue is the lack of extensive localized and accurate POIs and the ability to search thoroughly for them. A POI is a point-of-interest, which can be something major like a monument or a park, or something smaller like the corner drug store.
None of the apps suggested by Cook have the POI database that Google does and obviously, neither does Apple Maps. Also, none of the apps have the search capability for POIs that Google does. And if you're one of the iPhone's tens of millions of users living in a major city like New York or London or Singapore and don't own a car, you don't care about driving between cities -- you care about being able to find any of the four dozen businesses that could be located on the single city block you're on.
Another suggestion from Cook was to add the Google Maps web app to your home screen. The reason this isn't a real fix is because a web app doesn't have the fluidity, interactivity, or ease of use that a dedicated maps app does. If you think I'm wrong, I challenge you to use nothing but the Google Maps web app on your iPhone for a week. You'll soon agree with me as to how much it hampers your iPhone experience.
Apple's only solution -- and I think they know this -- is to return to Google. They need Google's extensive POI database and its search capabilities. Whether that Google solution is getting a standalone app in the App Store or integrating Google Maps back into iOS while offering Apple Maps as a secondary option is something Apple needs to decide. But Apple needs to decide quickly, because it is not going to be able to build a POI database and map search capabilities that can compete with Google in just a few months, or even a few years.
I'll close by saying that it's a shame that the Maps mess overshadowed the iPhone 5 launch. From an engineering and design perspective, the iPhone 5 is the best smartphone ever made. It's a work of art. It just needs for all of its core, built-in services to work, accurately and completely.
The last few weeks have been a bit rocky for Apple and its new CEO Tim Cook, but that hasn’t stopped it from enjoying record breaking successes thanks to the iPhone 5 and iPad.
Every year the people at Fierce Wireless rank the top 25 most powerful people in the U.S. wireless industry, and for their rankings this year Tim Cook managed to grab the number one spot.
Cook managed to beat out contenders like Square’s CEO Jack Dorsey, Steve Ballmer, Jeff Bezos, Nokia’s Stephen Elop, and all the CEOs from Sprint, Verizon and AT&T. What makes Cook so powerful in the mobile space? How about the fact that 77% of all smartphones sales at AT&T were iPhones?
Apple’s iPhone business is worth more than Microsoft’s entire company now, as it generated $30 billion in profit in 2012 alone. Over the last few years Apple has transitioned from a predominately desktop computer oriented company, to the lead innovator in smartphones, and that influence is only expected to grow over the next few years under Cook’s leadership.
Despite taking control of Apple just 18 months ago, Tim Cook has been named by CNBC as the highest paid CEO in America. With an average annual compensation of around $95 million, Cook beats Oracle’s Larry Ellison and JC Penney’s Ron Johnson to the top spot.
Of course, both Larry Ellison and Ron Johnson are closely tied to Apple. Ellison was a friend of Steve Jobs, Apple’s co-founder and former CEO; while Johnson was the Cupertino company’s vice president of retail for nearly eight years before he left for JC Penney.
The list of highest-paid CEOs, and the average annual compensation they’ve received, is as follows:
Tim Cook (Apple) — $95 million
Larry Ellison (Oracle) — $70 million
Ron Johnson (JC Penney) — $53 million
Leslie Moonves (CBS Corporation) — $52 million
Richard Adkerson (Freeport-McMoRan Copper & Gold) — $49 million
Philippe Dauman (Viacom) — $43 million
John Hammergren (McKesson Corporation) — $42 million
Aubrey McClendon (Chesapeake Energy) — $39 million
James Gallogly (James Gallogly) — $35 million
David Simon (Simon Property Group — $35 million
Robert Iger (Walt Disney) — $33 million
Rex Tillerson (Exxon Mobil Corporation) — $30 million
Michael Jeffries (Abercrombie & Fitch) — $29 million
Rupert Murdoch (News. Corp) $28 million
Louis Camilleri (Philip Morris International) — $28 million
David Zaslav (Discovery Communications) — $27 million
Brian Roberts (Comcast Corporation) — $27 million
Miles White (Abbott Laboratories) — $27 million
Ralph Lauren (Ralph Lauren Corporation) — $27 million
Kieran Gallahue (CareFusion Corporation) — $25 million
David Cote (Honeywell International) — $25 million
Tim Cook to Be Profiled on NBC's Rock Center with Brian Williams Next Week
Tim Cook will be the center of a feature on NBC's Rock Center news show next week, the first major interview the CEO has given. Steve Jobs was famously camera shy, preferring to let Apple's products speak for themselves.
In this brief preview, Williams notes that Tim Cook was able to walk around Grand Central Station unrecognized until he got to the Apple Store there.
The full show will air on NBC next Thursday, December 6th.
Rock Center’s Tim Cook Interview Appears on YouTube
All things seem to find their way to YouTube, and Tim Cook's interview with Rock Center's Brian Williams is no exception. The candid interview is Mr. Cook's first since taking on the role of Apple's CEO, and he talked about Steve Jobs, the company's product philosophy, The Jetsons, Apple TV, and more.
The interview offers a fascinating look into Tim Cook's Apple and offers a few hints as to where the company may be headed under his leadership. TMO's Bryan Chaffin also shared his own analysis of a separate Bloomber interview.
The YouTube video of Mr. Williams' interview isn't officially sanctioned by NBC, so don't be surprised if it disappears at some point.