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Top related persons:
Tim Cook - 1 Mark - 1 Cook - 1 Tim Cook’s - 1 Lauren Silva Laughlin - 1 Katrina Hamlin - 1
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Search resuls for: "Tim Cook’s"


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☆ Apple could overcome VR’s nerd and creepy factors
  + stars: | 2023-06-06 | by ( Robert Cyran | ) www.reuters.com   time to read: +2 min
NEW YORK, June 6 (Reuters Breakingviews) - To be successful at launching a new technological device, a company must overcome both nerd and creepy factors. Meta Platforms (META.O), after buying headset company Oculus in 2014, uses its products to push Mark Zuckerberg's pet project, the Metaverse. And people may still be uncomfortable about switching between the real world and the virtual one. But as far as finding a device that is both aesthetic and copacetic, Apple's real world experience suggests it has a better chance at success than others. Follow @rob_cyran on TwitterCONTEXT NEWSApple revealed Vision Pro, the company’s virtual and augmented reality headset on June 5.
Persons: Tim Cook, Mark, Cook, Tim Cook’s, Lauren Silva Laughlin, Katrina Hamlin Organizations: YORK, Reuters, Apple, Google, Meta, Thomson
☆ In hard times, Corporate America looks out for its CEOs
  + stars: | 2023-04-06 | by ( Allison Morrow | ) edition.cnn.com   time to read: +6 min
See here: Recent filings illustrate the way CEOs are still lavishly compensated even when massive screw-ups happen on their watch. A Southwest representative told CNN that the December cancellations did factor into the bonuses paid out to employees. The boards that make decisions on CEO pay are usually stacked with executives or former executives from other companies who benefit from the system. Often, CEOs of distressed companies — rather than seeing pay cut — receive so-called retention bonuses to encourage leaders not to flee the sinking ship. “When all the numbers are crunched, 2022 is going to be a flat year for CEO pay,” said Reda.
☆ Bond spat is odd look for Melrose deal machine
  + stars: | 2023-01-18 | by ( ) www.reuters.com   time to read: +2 min
That process will have to decide, for example, whether the demerger constitutes a transfer of “substantially all” the company’s assets or not. The relevant bonds only amount to 130 million pounds. Redeeming them at par, rather than the current traded price, would only cost just over 20 million pounds. For a company that specialises in dealmaking and careful use of leverage, it all seems more trouble than it's worth. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
☆ Alibaba’s pushy shareholder mistimes his moment
  + stars: | 2023-01-18 | by ( ) www.reuters.com   time to read: +2 min
HONG KONG, Jan 18 (Reuters Breakingviews) - Ryan Cohen has been pressing Alibaba (9988.HK), for improvements since last August, per the Wall Street Journal. As the owner of an undisclosed stake, he wants the company to boast its share buybacks. It confirms Alibaba’s emerging status as a mature company: revenue growth is forecast to almost halve to 10% by 2025, per Refinitiv. Increasing share purchases as the storm settles, and as an obstacle in the company’s growth path clears, would be odd. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
☆ Just Eat delivers right takeaway orders, finally
  + stars: | 2023-01-18 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Jan 18 (Reuters Breakingviews) - Food delivery boss Jitse Groen has started the new year with a glimpse of hope. Pleasing investors after a round of missteps, the Dutch company also forecast a higher-than-expected EBITDA of 225 million euros this year. The 5.6 billion euro ($6 billion) group’s results point to a brighter future than what Just Eat experienced in 2022. Less than a year after acquiring U.S. rival Grubhub, Groen made a U-turn by putting it up for sale and writing down the value of the division by 3 billion euros. All this happened while investors started to lose faith in the high-growth low-profit food delivery sector: Just Eat Takeaway lost 60% of its market value last year.
☆ UK payments star can keep defying fintech slump
  + stars: | 2023-01-17 | by ( ) www.reuters.com   time to read: +2 min
Volumes, a measure of the amount of currency that customers are changing, were 26.4 billion pounds - slightly lower than in the previous three-month stretch. Even after the selloff, Wise trades at a punchy 44 times forward earnings according to Refinitiv data. Volumes per retail customer indeed leapt to almost 4,000 pounds per quarter from April to September, before falling back to 3,500 pounds. Unlike other bombed-out fintech stocks, Wise’s revenue growth is strong, at 50% year-on-year in the most recent quarter, and it is highly profitable. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
☆ UK’s giga fail is economic not environmental
  + stars: | 2023-01-17 | by ( ) www.reuters.com   time to read: +2 min
The collapse of a key battery manufacturer probably doesn’t compromise the government’s plan for the country to switch to electric vehicles. Its failure, however, knocks some 30 gigawatt hours out of Britain’s future battery manufacturing industry, over half of Britain’s forecast capacity by 2030 according to the Faraday Institution. The government’s plans to phase out new sales of internal combustion engines by 2030 can probably survive, thanks to imports from the likes of China’s BYD (002594.SZ), (1211.HK). But boosting battery production for a domestic industry will be hard, given Britain’s lack of raw materials and trade barriers with Europe. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
☆ Tim Cook’s pay re-enters earth’s atmosphere
  + stars: | 2023-01-13 | by ( ) www.reuters.com   time to read: +2 min
His pay has been out of this world, but then so has the iPhone maker’s share price performance. Nonetheless Apple, its investors and its board have agreed Cook’s pay should orbit closer to Earth in 2023. On Friday, Apple said Cook’s targeted pay will fall to $49 million. Apple says it will target his pay between 80th and 90th percentile among peers in future years. A bigger improvement is making Cook’s pay less of a giveaway.
☆ Tim Cook’s Bad Day on China
  + stars: | 2022-12-06 | by ( William Mcgurn | ) www.wsj.com   time to read: 1 min
Apple CEO Tim Cook has been taking a beating over his company’s coziness with Beijing. It comes amid protests across China against the government’s strict Covid-19 lockdowns, including at a factory in Zhengzhou where most of the world’s iPhones are made. Hillary Vaughn of Fox News perfectly captured Mr. Cook’s embarrassment on Capitol Hill Thursday when she peppered him with questions:“Do you support the Chinese people’s right to protest? Do you have any reaction to the factory workers that were beaten and detained for protesting Covid lockdowns? Do you think it’s problematic to do business with the Communist Chinese Party when they suppress human rights?”
☆ Exxon and Apple are in a similar boat
  + stars: | 2022-10-28 | by ( Robert Cyran | ) www.reuters.com   time to read: +3 min
NEW YORK, Oct 28 (Reuters Breakingviews) - Exxon Mobil (XOM.N) might be able to give Apple (AAPL.O) a lesson in disruption. Exxon’s profit was nearly triple last quarter what it was in the same quarter last year, and it wasn’t alone. Oil investors have been clear that they want discipline, as demand will likely peak soon if it hasn’t already. That means Exxon will presumably never reclaim its crown as the world’s most valuable firm, and Apple still earned far more than the company in the past year. Exxon earned $19.7 billion in the quarter, nearly tripling what it earned in the same period last year.
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