This is absolutely wrong. Tripling the worth of a company does not happen automatically. The company’s path and focus do not happen automatically. The shift to services didn’t happen automatically. It doesn’t matter if I can name the bosses at every major corporation, they get paid as much as they do because their board appreciates their worth. Cook could do what many here want and focus on the Mac (to the exclusion of toys)... but he’s accepting that most money comes from their phone, growth could come from services, health is being beachheaded by the watch, and AirPods are the hottest wearable. There are obviously a lot of people in here who have never been anywhere near an executive team, but large companies do not run themselves. Executives make decisions and those are framed and focused by the chief executive.
Apple had a market cap of over $350 billion at the time of Jobs’ death in 2011. By June 2016, Apple was barely above $500 billion. Impressive growth, but most of that can be attributed to the momentum Jobs had created.
The vast majority of market cap growth for Apple under Cook has coincided with the overall growth in the Dow since 2016. If you want to thank a genius, it might be “the very stable genius” you should be thanking.
To illustrate this point, Microsoft’s market cap has positively SKYROCKETED during the same time period, dwarfing Apple’s growth by nearly $100 billion since June 2016. If Cook is a genius, what does that make Microsoft’s CEO? A super-genius?
Intel has also seen 75% growth since 2016 and they are a horribly run company. They are the laughing stock of tech, yet will have still likely doubled in value between 2016 and 2020. It’s a function of a historic booming bull market more than anything.
Cook is nothing special among big tech CEOs. He is actually underperforming some of his peers.