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

Discussion in 'Community Discussion' started by mripadmini, Apr 2, 2014.

  1. mripadmini macrumors regular

    Joined:
    Aug 24, 2013
    #1
    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?
     
  2. sviato macrumors 68020

    sviato

    Joined:
    Oct 27, 2010
    Location:
    HR 9038 A
    #2
    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.
     
  3. alent1234 macrumors 603

    Joined:
    Jun 19, 2009
    #3
    After enron there is also pressure on companies to divide the chairman and ceo roles
     
  4. maflynn Moderator

    maflynn

    Staff Member

    Joined:
    May 3, 2009
    Location:
    Boston
    #4
    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.
     

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