Tim Cook is one of the world’s top CEOs, but you wouldn’t know that by where he lays his head at night. The recently appointed head of Apple Inc. lives in a 2,400-square-foot, relatively modest home in Palo Alto, California.
The four-bedroom condo boasts a tiny yard and small adjunct section of real estate in the back. Not much for a man who was recently awarded a $378 million stock incentive.
Good news for Apple shareholders: stock reached an all-time high during mid-day trading today, peaking at $427.75 per share. The last record was set in October of 2011 at $426.70 per share. Despite some slightly tumultuous times on Wall Street after Apple failed to meet analyst expectations with its fourth-quarter earnings report, Apple stock has continued to climb to new heights year after year. The company will announce its earnings from the first-quarter of 2012 (or the 2011 holiday season) on Tuesday, January 24th. Apple also released its proxy statement for 2012 to investors this afternoon, in which it is revealed that CEO Time Cook received a total of $376,180,000 in compensation for 2011.
Apple has posted its 2012 proxy statement for investors. In the document, Apple reveals the compensation that its executives earned last year alongside more background information.
Notable facts from the document include CEO Tim Cook’s 2011 compensation, totaling an impressive $376,180,000.
Greedy rumor-mongers didn’t even wait until Tim Cook started running the show at Apple to begin spreading rumors of his plans to quit. Back in 2010, investor gossip site Fly On The Wall wrongly suggested that Cook was off to join HP as its new CEO. (Gullible investors actually led to Apple stock dropping 20 points as a result.) Now that Cook is CEO it’s a bit more difficult to make those kinds of reports convincing, so the narrative has instead changed to suggest the Apple board is unhappy with Cook’s performance and plans to drop him at the earliest possible opportunity. Well, plenty of opportunities have presented themselves, but Cook’s still hanging on in there.
Maybe (shock horror!) people have realized he’s actually doing a pretty great job.
If you thought pulling a rabbit out of your hat was cutting-edge magic, you haven’t talked to Apple CEO Tim Cook lately. Give him three months, and Cook can convert 300,000 Apple shares into almost $100 million dollars. Pretty neat trick, huh? In fact, Cook leads all Silicon Valley executives in the largest cash haul from company stock, according to just-released data.
Still waiting for the iPhone 4S in your territory? Well, you could be one of the lucky ones who are set to receive Apple’s latest smartphone on January 13. The company has announced in a press release issued this morning that next Friday will see the launch of the device in 21 additional countries.
While Siri will happily find you the ideal location to bury a dead body or pick up an escort, ask her where you can get an abortion and she’s not so happy to comply. In fact, she’ll do the exact opposite and look for anti-abortion pregnancy “crisis” centers.
This makes her an “anti-choice extremist,” according to one petition, which is calling for Apple to make changes to its new intelligent assistant.
Ron Johnson, Apple’s former Senior Vice President of Retail Operations, who changed the face of retail with the opening of the first Apple store in 2001, left the Cupertino company at the beginning of this month. Replacing him has become a mammoth task for Apple, according to a new report, with external candidates struggling to meet Johnson’s caliber, which may force the company to promote from within its ranks.
One of Tim Cook’s first changes as Apple’s new CEO was the introduction of a corporate matching program for charitable donations to nonprofits. Apple pledged to match donations of up to $10,000 per US employee per year.
In less than two months, Apple and it’s employees have already raised $2.6 million for nonprofits.
A recent report from The Wall Street Journal gives an inside look at Tim Cook’s influence as Apple’s new CEO during the past couple of weeks. Cook has been known as the mastermind behind Apple’s incredibly efficient operations for years.
In the wake of Steve Jobs’ death, Cook has already begun to do things differently than Jobs, and he is proving to be a very different type of Apple CEO.
Not many of us expected Apple to introduce LTE or 4G capabilities to its fifth-generation iPhone, but according to one Swedish carrier, the Cupertino company would be killing its iPhone 5 if it doesn’t adopt LTE technology by then.
It’s always said that Steve Jobs lived and breathed for Apple, up until the very day he died, but it’s easy to discount how literally true that seemingly trite adage actually was. A new anecdote from Softbank CEO Masayoshi Son puts Steve’s dedication to his company in stark relief, proving that Jobs was working on Apple’s next product up until the day before he died.
A Steve Jobs memorial held at Stanford Memorial Church on Sunday attracted a huge number of people who came to pay their respects to Apple’s former CEO and co-founder. Among them were a long list of celebrities, musicians, CEOs, and even a former president.
While the Apple camp in Cupertino is now without its most famous founder, Steve Jobs has ensured that the company will do just fine while he’s not around. For years, Steve himself had been planning one of Apple’s most secretive projects. But it wasn’t a new iPhone or a new iPad, it was Apple University — an executive training program that teaches Apple bosses to be more like Steve.
Don’t have the time to watch the full Apple Keynote? Here’s the whole thing, compressed down into just 90 seconds. Catch the video after the break.
How do you follow an act like Steve Jobs, the best presenter in the business?
The answer is you can’t, and you shouldn’t even try.
Tim Cook should be given credit for that, even if his performance at the iPhone 4S launch today was subdued and low-key.
Editor’s Note: We first posted this yesterday, but for readers who didn’t see it, we’re bumping it to the top of the page so people know what’s coming in just about three hours.
Hey, we know: after sixteen months of rumors, figuring out exactly what to expect from Apple’s “Let’s Talk iPhone” event tomorrow can be confusing. Well, let us break it all down for you. Here’s everything we know (or think we know) about what Apple’s going to announce tomorrow. It’s going to be a hell of a show.
Greedy rumor-mongers didn’t even wait until Tim Cook started running the show at Apple to begin spreading rumors of his plans to quit. Back in 2010, investor gossip site Fly On The Wall wrongly suggested that Cook was off to join HP as its new CEO. (Gullible investors actually led to Apple stock dropping 20 points as a result.) Now that Cook is CEO it’s a bit more difficult to make those kinds of reports convincing, so the narrative has instead changed to suggest the Apple board is unhappy with Cook’s performance and plans to drop him at the earliest possible opportunity. Well, plenty of opportunities have presented themselves, but Cook’s still hanging on in there.
Maybe (shock horror!) people have realized he’s actually doing a pretty great job.
If, like me, you were hoping to keep up with Apple’s announcements today via a live video stream straight out of Cupertino, then we have bad news for you: Tim Cook will not be gracing the airwaves for an instant live-stream.
Having missed its traditional annual refresh date back in June, we’ve been anticipating Apple’s iPhone 5 ever since. It has been widely rumored that the device will finally be unveiled at some point this month, but according to one report, we’ll hear nothing from the Cupertino company until early October.
Many of you will have a number of Apple IDs, especially if you’re a MobileMe subscriber. So when you login to iCloud, or Game Center, or the iTunes Store, or FaceTime, or iMessage… how do you know which one to use? Well, thankfully, Apple is working on Apple ID account merging that will turn all of your 30 Apple IDs into just one.
China Mobile’s chairman, Wang Jianzhou, revealed in an interview today that Apple has given the carrier a “positive answer” to its request for an iPhone compatible with 4G LTE networks.
Are you still annoyed that your favorite MobileMe feature won’t be transferring over to iCloud? What will you do with all those files you have stored on your iDisk? How will you sync System Preferences between your Macs? Well, if you ask Apple nicely (and you get all your friends and family to ask, too), you might just get those features back.
Multiple reports of Apple’s new CEO Tim Cook responding to customer emails have surfaced recently. If you recall, Steve Jobs was known for occasionally emailing back and forth with Apple fans and customers from his public [email protected] address.
It looks like Tim Cook is picking up the mantle and doing the same.
Before he stepped down from the position of CEO last week, we can only imagine how busy Steve Jobs was while in charge of the greatest company in the world. But now he’s not so busy, what will he do with all this free time?
Call Tim Cook a lot, it seems.
Oftentimes the most useful clues about the future come from the past. Few questions are as important to ask as, What happened last time?
When attempting to decipher the changes that Steve Jobs’ transition away from leading Apple will bring, it’s essential to examine a surprisingly analogous case: Pixar.
Of all the things we expect to see from Apple’s iPhone 5 in the coming months, it isn’t super-speedy LTE capabilities. However, China Mobile says that it has struck a deal with Apple to bring the next-genearation iPhone to its 4G TD-LTE network.