All items tagged with "NCPRR"

Tim Cook Tells Profit-Obsessed Investors To Sell Their Stock

No wonder he's always smiling.

Tim Cook lashed out at shortsighted, bottom line-driven investors during Friday’s annual shareholders meeting — telling them to “get out of [Apple] stock.”

The exchange concerned the conservative think tank National Center for Public Policy Research, which was pushing Apple to disclose the cost of its sustainability programs, and the impact this had on the company’s earning power.

Cook was asked about Apple’s plans to have 100 percent of its power come from green sources — and whether this was the case only because of government subsidies on green energy.

Asked to commit point-blank to only pursuing moves immediately profitable to Apple, Cook responded with anger — noting that Apple does many things because they are right and just, and not simply about making a return on investment (ROI).

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