Tim Cook Steps Up As Apple CEO

By: Cory Perrin
Published: Aug 25, 2021

Tim Cook has officially been given the title as Apple’s CEO. Wednesday Steve Jobs, Apple Inc Chief Executive, resigned leaving Cook, who has been filling in as the new head of the company. Cook is sure to keep the success of the company considering he has already done so when Jobs took time of due to medical issues in 2009.

During the time of Jobs medical issues, Cook maintained the company and even managed to raise stocks and company value. Tim Bajarin, president of research firm Creative Strategies said in a statement, “I spent some time with Tim Cook last week in New York, and walked away from my discussion with him thinking that he was much more in charge at Apple then people think. He has emerged as a most competent person who could carry Steve Jobs’ vision into the future.”

As you would imagine Bajarin is not the only one who agrees with the replacement choice. Cook arrived at the company in 1998, by 2005 he was named chief operating officer and given the responsibility of sales, operations, and the companies supply chains. But it came out that before Jobs stepped down, he made sure that his company was going to be in good hands.

According to Bajarin he stated, “Since Jobs returned to Apple, he has created a powerful management team that really does understand how he thinks and his vision and direction for Apple. This team is more the capable of keeping that vision alive and continues to innovate well into the future.”

As you would imagine Jobs was awarded for his step down and given cash and stock bonus valued at about $22 million. For compensation over 2010 Cook was also given awards mostly in stock approaching $59 million.

Stay ConnectedSocial

FacebookAdd our Facebook page to receive updates and participate in new tools and features. It's a great way to stay connected with all the latest news.

TwitterReceive daily bite-sized updates by following us on Twitter. Receive Tweet-sized 140-character updates on your mobile phone device or PC.

RSSSubscribe to our daily RSS feed to get the latest national news stories. We offer a feed for every topic including business, entertainment, health, politics, science & technology, travel and more.

Business NewsBusiness