What you are describing is considered a problem under flat organization theory.Like it or not, when you are publicly traded, the CEO answers to the board and shareholders and stock price is king. Innovation should be delegated to a team below you - and essentially that is how it works now with Ive as CDO. I think Cook is compared to Jobs only by their common title. I think a more appropriate question/dialogue would be what changed post Jobs with Ive? Did his design genius need Jobs in order to be successful? If so, perhaps he's received too much credit for his ubiquitous product designs?
https://en.wikipedia.org/wiki/Flat_organization
As for Ive, Apple products seem to still be designed like Apple products so I don't think pointing the finger at Ive matters.
The real problem is that after Jobs Tim Cook surrounded himself with a bunch of yes men and now products are designed by feature checklist. In other words they have abandoned the core Apple principles. Take a look at the Apple Watch OS and new Beats Music App. Both are unintuitive and difficult to use. And the Apple Watch is a 1000 dollar fashion timepiece mascaraing as consumer grade tech. I have no doubt if Jobs was alive he would have voted the project.
Lastly, on the topic of appeasing shareholders. Part of the reason Apple become so popular was that Steve Jobs didn't care about the shareholders and focused on great products and the irony of that was it inspired the shareholders. With Tim Cook he wanted to please the board by getting into the obvious dead wearables market and as a result the AW sales were disappointing and that actually cost them stock value.
As I said, you really need to watch the "Think Different" video because that mentality of yours is the reason we have a lot of issues with corporations today.