Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
Well I work there bud
I don’t believe you (Especially given your all-to-obvious username), and nor would you be commenting on this site if you did, being it violates their policy/procedure guidelines.

It’s all to easy to rip on Cook and ‘create the illusion that you know what’s best for Apple.’
 
  • Like
Reactions: citysnaps
Although Apple has performed very well re: operations under Cook, few if any talk about the level of stock buy backs he has authored (likely #1).

Cook has authorized nearly $1Trillion in buy backs. During his run to becoming a billionaire one might argue that buy backs had more impact on Apple's stock price vs. any other factor. Note that this is **very** common CEO behavior for meeting one's stock performance objectives thereby adding 10's or 100's of millions to one's worth

One thing that separates Steve Jobs from most if not all CEO is his disdain for this type of stock price manipulation. One might argue that SJ ignored all pure financial means to raise stock price. His only focus was "better products = higher share price".

I like Tim. I hope he goes into politics (the "anti-Carly"). What might have have been had ~$1T in buy back been invested in products by SJ ???

Personally: I hope, **hope** that at some point buy backs are illegal. If you cannot reinvest at an adequate ROI then pay dividends. (Yeah, tilting at windmills there.)
I wouldn't want Apple to invest 1 trillion in R&D, nor do I think it is something to be celebrated. It simply reeks of wasteful spending, because I doubt the ROI is ever going to be worth it. Plus at some point, simply throwing more money at a problem isn't going to solve it any more quickly; you are just shovelling good money down a hole.

Reducing the amount of spare cash on hand also means there is less temptation for Apple to do something boneheaded like...acquiring Netflix (I know this rubs some members here the wrong way, and I will never stop pointing out what a boneheaded move such an action would be).

As for higher wages, well, there are a hundred other charities and causes I could think of that can use the money as well. But point being that Apple employees are already fairly well compensated for their labour.

And personally, I feel that stock buybacks make more sense than dividends. When you buy back stock, the stock price rises, and stays high, so anyone can benefit simply by selling their existing stock. But a dividend is often just a 1-off thing, and in the larger scheme of things, I wouldn't want to see a company paying wildly different dividends every quarter. So I stand by Apple paying more or less the same dividend each time, and funnelling the excess cash elsewhere.

In all, I think an entire textbook can be written about the way Apple is being managed, and the lessons which can be learnt by other companies. It's amazing how Apple has continued to prosper by doing the exact opposite of what many forum members here have said that Apple ought to do, and I maintain that we really should be spending more time explaining Apple's success, not explaining it away.
 
  • Like
Reactions: Realityck
Congratulations and outstanding job Mr. Cook.

But I'm ready for a new CEO to take over Apple. Give Mr. Craig Federighi a chance before he departs from Apple.
Jokingly: Incoming "Hair Force One". Sorry I couldn't resist the dig.

But seriously Craig comes across as more of a natural on stage. Whether he make a good CEO the jury is still out on that one.

But I agree he deserves the opportunity.
 
Well I work there bud, for a long time. So “observational” and “experientially informed” are the words you’re reaching for.
Bud, the word I’m looking for is anecdotal. Because your experience probably doesn’t equal someone else. I’m not suggesting that everyone, all hundred thousand, working at apple is rainbows and fairy dust. But the tone of your posts paints a picture that is your observation alone, and I appreciate it from that point of view.
 
And personally, I feel that stock buybacks make more sense than dividends. When you buy back stock, the stock price rises, and stays high, so anyone can benefit simply by selling their existing stock.
Stock buy backs in theory (your view imho) is sound. The problem, and why I think they should be illegal, is that C-level mgmt is highly, HIGHLY incited to use buy backs to affect EPS thereby meeting quarterly (near term) objectives, thereby achieving their stock incentives. The personal gain amounts are so enormous that no human would consider better use of the funds if they can benefit from buy backs (**cough** Abbott **cough**). Apple has been extremely well managed under Cook, but they have also externalized huge costs in pursuit of revenues via championing the disposable device. It is my opinion that Apple would be better positioned today for long-term shareholder value, and Mother Earth would be much, much happier if Tim, Lisa, & Co. had taken some ownership for the vast external costs Apple has imposed on the environment. No one will argue with stock price performance to date, but I think Apple's glory returns are behind it as the paucity of risk taking re: novel inventions, and the realization that Tim & Co. sacrificed everything for EPS begins to be realized. Yeah it is not $1T in just R&D, but likely other impacts if Apple had both a Fairphone like line (recognizing external costs), and its current products for those who simply want the new & shiny no matter what. Apple's PR makes one think that they are champions of the environment, but their actions and focus on buy backs factually argues otherwise.
 
@needsomecoffee I don’t think there is anything inherently good or bad about stock buybacks. The problem is with bad actions engaging in it despite not being as liquid, and then running into money issues in the future. In Apple’s case, they are literally generating more free cash flow every quarter than they can spend and apart from stock buybacks, I really can’t think of where else they can park their money.

I also remember why I am generally in favour of stock buybacks over dividends. With dividends, you are taxed once they are paid out. In the case of buybacks, you can defer your tax to until you have sold your shares, meaning that no matter how high Apple’s stock price may increase, so long as you continue to hold on to them, you don’t have to pay any tax, giving the shareholders more flexibility in this regard (I hope I am getting my theory right?).

Come to think of it, it’s funny. I studied business in Uni, eventually became a teacher, and am using what little I remember of business administration to debate with people in a tech forum.
 
Congratulations and outstanding job Mr. Cook.

But I'm ready for a new CEO to take over Apple. Give Mr. Craig Federighi a chance before he departs from Apple.
I fully agree that it is more than time for another CEO at Apple. Tim Cook is a FINANCIAL GENIUS, granted. But as far as innovation and creativity, Apple's once shiny exterior is becoming stale and tarnished. Perhaps some new blood in UPPER LEVEL MANAGEMENT would reignite the once raging flames of INVENTIVENESS. Now, it is the same old same old same old almost every year. Yes, some of the "new" Macs are different with their blazing internals, but the exterior shells and overall uniqueness and even quality is quite distant in their design philosophy. I am a TRUE Apple FAN Boy and will remain one always, but I think Apple being stale is costing them greatly, the competition is catching up once again. Perhaps Mr. Craig Federighi could set the ship right and moving forward again.
 
Influencing employees to leave the company, one by one.
That is quite true. Some move on since their interest was merely part time and to have something look good on a resume. But the real talent that warrants keeping satisfied with their role in the company and contributing to the overall quality of design and innovation are the true losses. They are frustrated with the current stale same old same old same old design philosophy and look elsewhere where their talents and contributions to success are more appreciated. The exodus does show in the product lines as of late. I hope the likes of DELL and their fellow electronic device manufacturers do not make great strides as a result of Apples lack of foresightedness.
 
It's funny that so many people believe Craig Federighi is the right person for Apple CEO, based on...his appearance and mannerisms during Apple events.

How about Tom Cruz? Based on the above criteria he must be up there in ranking. Perhaps he's even available!
 
You are correct. It could be any of them on this list.

We do not see the behind the scenes vantage points at Apple. But you are correct, Cook seems to be a Lone Wolf of sorts. The image is disturbing only because Apple seemed to function better in terms of innovation and creativity years ago. It was a collaboration of function and uniqueness that caught people's eye as well as piqued their interest and curiosity about new products or just newer models. The competition is looking and responding in their own ways, but consumers are indeed LOOKING and SHOPPING. Apple's BIGGEST CLAIM TO FAME is their UNIQUE and SECURE Operating Systems for all devices. That is alluring yes, but the design and function need to go hand in hand with an EXCELLENT Operating System, like it did a few years ago. The unveiling of a BRAND NEW iPhone used to SHINE BRIGHTLY in a sea of boredom and sameness by the competition. But the NEW iPhone 14 coming in the Fall 2022 is in many ways an iPhone 12 and iPhone 13 YAWNER. Where is the innovation and creativity and EXCITEMENT??? Management is a TEAM EFFORT, not a stand alone parade of one.
 
We do not see the behind the scenes vantage points at Apple. But you are correct, Cook seems to be a Lone Wolf of sorts. The image is disturbing only because Apple seemed to function better in terms of innovation and creativity years ago. It was a collaboration of function and uniqueness that caught people's eye as well as piqued their interest and curiosity about new products or just newer models. The competition is looking and responding in their own ways, but consumers are indeed LOOKING and SHOPPING. Apple's BIGGEST CLAIM TO FAME is their UNIQUE and SECURE Operating Systems for all devices. That is alluring yes, but the design and function need to go hand in hand with an EXCELLENT Operating System, like it did a few years ago. The unveiling of a BRAND NEW iPhone used to SHINE BRIGHTLY in a sea of boredom and sameness by the competition. But the NEW iPhone 14 coming in the Fall 2022 is in many ways an iPhone 12 and iPhone 13 YAWNER. Where is the innovation and creativity and EXCITEMENT??? Management is a TEAM EFFORT, not a stand alone parade of one.

I would say to that yes, but right now we are being shown the iPhone months in advance with all the leaks. In the past when a new iPhone was released people knew close to nothing. Now? Everything is known, down to specific details like dimensions.

So when the keynote rolls around, everyone is just waiting to see if the rumors (or who gave the most accurate info) are true rather than enjoying the release. Heck, even MR does this after the keynote with the rumor success roundup.
 
Federighi? Are you nuts? Apple is plagued with software quality control issues, and you want to make that guy CEO???? He should have been fired years ago.
Craig Federighi is just a charming guy. He’s actually very smart and knows what’s up. Just look at how he handled the whole CSAM stuff. He was very transparent and blunt and even said, the way it was presented was wrong. It had misled too many things.

Yes, the software has had its quality control issues. He's not the one to blame. There is a whole team behind it. It’s just a lack
of pure motivation. Don’t forget Craig is behind the Universal Control on iPad/Mac. I strongly believe he is all about innovation and hitting the ground.

Don't tell me you want Eddy Cue as the CEO of Apple? 😝
 
It's funny that so many people believe Craig Federighi is the right person for Apple CEO, based on...his appearance and mannerisms during Apple events.

How about Tom Cruz? Based on the above criteria he must be up there in ranking. Perhaps he's even available!
He is the chosen one. Even MacWorld wrote an article about him. He's got the potential. They make very good points.

 
Your criteria to evaluate said statement is....?
I’m guessing you don’t follow business or the markets. Criteria is very simple. Record growth and profits of Fortune 500 companies. Look at the SPY, DIA and NDX over that 2 year span.
 
I’m guessing you don’t follow business or the markets. Criteria is very simple. Record growth and profits of Fortune 500 companies. Look at the SPY, DIA and NDX over that 2 year span.
No, I want your criteria. What did you base yourself onto? Generalizing is just a way of trying to defuse. I actually want to know and follow your logic.

Apple posted a high profit and gross revenue. What other comparisons were made by your metric?
 
  • Like
Reactions: I7guy
48530-94718-time-100-full-cover-tim-cook-xl.jpg
Tim Cook is on 1 of 5 covers that Time Magazine uses for 2022

I love it! Congrats Tim! And I'm sure there are dozens of Tim Cook haters here that are triggered by this. 🤣
 
Register on MacRumors! This sidebar will go away, and you'll see fewer ads.