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Apple's COO Tim Cook to Leave Apple for HP?
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What you say may very well be true; but you really should provide a source/link when making a definitive claim like this one.
A lot of Cook's money is from stock options in Apple. Would you really rather have stock in HP?
To leave Apple he would lose millions.
Sometimes these rumors are so far fetched I don't even know why they make the news.
Cook would not loss his current stock options with Apple. He owns them and just waiting for this to mature. Chances are he would also make more being HP CEO than were he is at apple. Jobs will leave that job when he dies.
As much as I am not a Steve Jobs fanatic I did have the pleasure of sharing a lunch table with him at Cafe Macs. Seemed like a decent guy, very smart, just came off a bit arrogant. The firing in the halls rumors is all over Apple. I think its more urban legend than truth. Steve does have a pretty short leash though. I ran into him multiple times while I worked on campus. Basically the rule is you see Steve... avoid unless spoked too.
I am going to assume if you are working you do not want SJ to speak to you.
I was luckily never put in that situation. I tried to avoid him as much as possible. Running into him though is bound to happen especially at Beer Bashes and events.
The stock is only down minimal a month ago it was trading around 240
since than in 4 weeks it has gone up 50 points thats a 20% gain in just one month. All we are seeing today is some profit taking after a hugh run. This is healthy stock consolidation before the next run! Don't underestimate how
hugh the ipad really is!! I was in a meeting with some GE higher ups
last week. At the end of the meeting i always show off my iphone etc. I have
never seen any of these executives with an Apple product before they
always have their blackberry and window laptops this time the most senior guy
was using an iPad
since than in 4 weeks it has gone up 50 points thats a 20% gain in just one month. All we are seeing today is some profit taking after a hugh run. This is healthy stock consolidation before the next run! Don't underestimate how
hugh the ipad really is!! I was in a meeting with some GE higher ups
last week. At the end of the meeting i always show off my iphone etc. I have
never seen any of these executives with an Apple product before they
always have their blackberry and window laptops this time the most senior guy
was using an iPad
Well, but HP is nowhere even close to dying. The company is actually doing quite well.
Tim Cook should seriously consider the job as CEO of HP if indeed it is on the table. Apple's success is largely based on hitting home runs. While they have had a string a good successes, I don't think that will last. Android is already out pacing Apple's iOS growth. HP has the Palm WebOS which does seem ideal for tablets.
Tim Cook could get out now while Apple is at the top. He'd be able to forever use his time at Apple as a positive.
There is also a lot to be said for being the top dog. He'd not be in Steve Jobs shadow. He'd likely get at least a $50 million dollar package or more from HP. Money talks. As much as he likes Apple, he might like $50 million even more. He's not getting any younger, and though Apple is a great brand to be so high in the tree for, HP is also a top brand in this industry. He'd be able to expand into many other markets that Apple refuses to tap into.
I'm not trolling either. I think a serious offer from HP should be given serious consideration. There is money, job and career progression, etc to be considered. Personally speaking, I like Apple as much as the next guy, but I'd want to end up in an enterprise company. Apple is so consumer-ish. More and more it's about consumer products. I'd rather be CEO of Macy's than Toy's R US. I know, flame me for saying that, but that's what Apple is becoming. It makes a lot money, granted. I'd rather be CEO of HP than COO of Apple myself.
Tim Cook could get out now while Apple is at the top. He'd be able to forever use his time at Apple as a positive.
There is also a lot to be said for being the top dog. He'd not be in Steve Jobs shadow. He'd likely get at least a $50 million dollar package or more from HP. Money talks. As much as he likes Apple, he might like $50 million even more. He's not getting any younger, and though Apple is a great brand to be so high in the tree for, HP is also a top brand in this industry. He'd be able to expand into many other markets that Apple refuses to tap into.
I'm not trolling either. I think a serious offer from HP should be given serious consideration. There is money, job and career progression, etc to be considered. Personally speaking, I like Apple as much as the next guy, but I'd want to end up in an enterprise company. Apple is so consumer-ish. More and more it's about consumer products. I'd rather be CEO of Macy's than Toy's R US. I know, flame me for saying that, but that's what Apple is becoming. It makes a lot money, granted. I'd rather be CEO of HP than COO of Apple myself.
Tim Cook's Bio:
Tim Cook
Chief Operating Officer
Apple
Tim Cook is Apple’s chief operating officer and reports to Apple's CEO. He is responsible for all of the company's worldwide sales and operations, including end-to-end management of Apple’s supply chain, sales activities, and service and support in all markets and countries. Cook also heads Apple's Macintosh division and plays a key role in the continued development of strategic reseller and supplier relationships, ensuring flexibility in response to an increasingly demanding marketplace.
Before joining Apple, Cook was vice president of Corporate Materials for Compaq and was responsible for procuring and managing all of Compaq’s product inventory. Previous to his work at Compaq, Cook was the chief operating officer of the Reseller Division at Intelligent Electronics.
Cook also spent 12 years with IBM, most recently as director of North American Fulfillment where he led manufacturing and distribution functions for IBM’s Personal Computer Company in North and Latin America.
Cook serves on the board of directors for Nike, Inc. and the National Football Foundation.
Cook earned an M.B.A. from Duke University, where he was a Fuqua Scholar, and a Bachelor of Science degree in Industrial Engineering from Auburn University.
Primarily a supply chain background and sales. While those are important functions, they are not the primary contributors to Apple's success.
Tim Cook
Chief Operating Officer
Apple
Tim Cook is Apple’s chief operating officer and reports to Apple's CEO. He is responsible for all of the company's worldwide sales and operations, including end-to-end management of Apple’s supply chain, sales activities, and service and support in all markets and countries. Cook also heads Apple's Macintosh division and plays a key role in the continued development of strategic reseller and supplier relationships, ensuring flexibility in response to an increasingly demanding marketplace.
Before joining Apple, Cook was vice president of Corporate Materials for Compaq and was responsible for procuring and managing all of Compaq’s product inventory. Previous to his work at Compaq, Cook was the chief operating officer of the Reseller Division at Intelligent Electronics.
Cook also spent 12 years with IBM, most recently as director of North American Fulfillment where he led manufacturing and distribution functions for IBM’s Personal Computer Company in North and Latin America.
Cook serves on the board of directors for Nike, Inc. and the National Football Foundation.
Cook earned an M.B.A. from Duke University, where he was a Fuqua Scholar, and a Bachelor of Science degree in Industrial Engineering from Auburn University.
Primarily a supply chain background and sales. While those are important functions, they are not the primary contributors to Apple's success.
The HP position offers a lot of upside. Especially with the WebOS devices starting to trickle out.
Tim Cook is not leaving. He's also not the right guy for HP. He doesn't like the limelight. He did very well in Jobs' absence but he's essentially an operations guy. If something happened to Jobs, heaven forbid, Cook is the ideal guy to keep the ship running but I don't think he has any real inclination to be a permanent CEO. Here's a Fortune feature article regarding Cook:
http://money.cnn.com/2009/01/15/technology/cook_apple.fortune/index.htm
He's a role player and a very important one at that. A successful executive is someone who understands his/her own strengths and weaknesses in the big scheme of things and doesn't overreach with an outsized ego. There's a synergy between Jobs, Cook and CFO Oppenheimer that is intangible. The whole of this team is greater than the sum of its parts.
http://money.cnn.com/2009/01/15/technology/cook_apple.fortune/index.htm
He's a role player and a very important one at that. A successful executive is someone who understands his/her own strengths and weaknesses in the big scheme of things and doesn't overreach with an outsized ego. There's a synergy between Jobs, Cook and CFO Oppenheimer that is intangible. The whole of this team is greater than the sum of its parts.
That is indeed a very H opinion. Corporations need all types to run effectively. A visionary needs to be balanced by an operations guy to keep things sane. Apparently Cook is not only an effective operations guy, but even more importantly The Steve respects him as such.
Typically incentive stock options, or incentive stock, only vest while you are in the service of the company. So if you leave, you lose the unvested portion. That's part of the "incentive."
The vested optiions are already mature, so he can use those at any time-- he doesn't have to wait for anything.
Typically incentive stock options, or incentive stock, only vest while you are in the service of the company. So if you leave, you lose the unvested portion. That's part of the "incentive."
that makes sense. My dad had some with a company he worked for but they spun off the division he worked for so I believe his stock just had to wait to mature but he would not loss them since he was spun off.
I wasn't meaning to imply HP was dying - however if you follow the trade press, you're well aware of the problems HP has had at the top.
I think he owns some options and some are restricted based on continued employment.
for example, in march he got $5mil + 75000 shares (around $20mil) of restricted options as a "bonus" for assuming CEO duties while SJ was out.
https://www.macrumors.com/2010/03/12/tin-cook-receives-bonus-of-5-million-and-stock-for-performance-during-jobs-absence/
P.
edit: you are correct, Hurd's compensation for 2009: http://www.equilar.com/CEO_Compensation/Hewlett-Packard_Mark_V._Hurd.php
Let me expand a bit on my previous post. I've spent many years in both Fortune 20 corporations as well as smaller, more entrepreneurial firms. I've worked with the "pie in the sky" visionaries who had little clue as to making their ramblings a reality. I've personally worked with pedestrian CEO "operations types" who were clueless as to various market or technical dynamics developing all around them - horrible consequences. Many empty suits out there who talk a good business metrics game but little idea of how to really propel their company.
Steve is no rambling visionary - he transcends so many continuums of capability - that is why Apple is where it is today.
Steve is no rambling visionary - he transcends so many continuums of capability - that is why Apple is where it is today.
Nice stock manipulation
You have to hand it to the slime on Wall Street.
Throw out a false report and the stock drops so they come in a buy large blocks.
You have to hand it to the slime on Wall Street.
Throw out a false report and the stock drops so they come in a buy large blocks.
To replace Jobs, well Cook can't do it. No one can, really. BUT, I think he is easily the second most important person at Apple. He is widely regarded as one of the best supply chain managers in the world, quite possibly THE best, and while what he does is not as flashy as "Product Visionary", it's extremely important to Apple's success. When people think of Apple (nowadays) they think of a tight, efficiently run ship and Cook is largely responsible for that.
It's outpacing Apple's iOS growth because Apple already has a large chunk of market share and Google was starting from zero. Don't get me wrong, Android is doing well, but to read into the numbers that they will shut down Apple is a mistake, I think you underestimate them. Apple hits home runs because they have lots of smart, design-minded people there who can execute, and they are always two steps ahead of everyone else, there's no reason to think that can't continue unless things change drastically.
