why is tim cook just the ceo when steve was the chairmen and ceo

mripadmini

macrumors regular
Original poster
Aug 24, 2013
229
30
Maryland , USA
why is tim cook just the ceo of apple when steve jobs was the chairman and ceo? is the majority stock holder always the chairman?
 

sviato

macrumors 68020
Oct 27, 2010
2,274
44
HR 9038 A
No, shareholders elect the Chairman and the Board. Company founders often serve as CEO and Chairman in earlier stages of company growth and may remain the Chairman but give up the CEO position as the company grows bigger and requires someone more suitable for the CEO position (not in all cases obviously).

Apple's Board and shareholders are likely content with Levinson as Chairman and see no need to elect Cook to the position.

It's not really a big deal.
 

alent1234

macrumors 603
Jun 19, 2009
5,654
122
After enron there is also pressure on companies to divide the chairman and ceo roles
 

maflynn

Moderator
Staff member
May 3, 2009
64,132
30,721
Boston
Not every CEO is the chairman. They perform different functions and while there are some who do both, its up to the shareholders to elect.

The CEO position is the top management position of a corporation where as the Chairman is an executive position to oversee the interests of the shareholders. That is they report to the shareholders and the CEO reports to the chairman.