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☆ Tim Cook says today's kids are 'born digital' and warns parents to 'set some hard rails' around screen time
▼ + stars: | 2023-04-03 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Men's lifestyle magazine GQ published an in-depth profile of Apple CEO Tim Cook on Monday. Cook said today's kids are "born digital," but warned there should be "hard rails" on screen time. Cook was also described as someone who does not personally "log on all that much." "Kids are born digital, they're digital kids now," Cook was quoted saying in a lengthy profile of him published in GQ on Monday. In the GQ profile, Cook suggested that Apple is not driven by fostering digital addiction.

☆ Tim Cook says he met with Elon Musk and Donald Trump because 'it's even more important to engage when there's disagreement'
▼ + stars: | 2023-04-03 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

Apple CEO Tim Cook told GQ that he believes in "engaging" even in "disagreement." Cook made the remarks in reference to past meetings with figures like Donald Trump and Elon Musk. "I actually think it's even more important to engage when there's disagreement," Cook told GQ. Cook had also met with Donald Trump when, as president at the time, Trump was pushing for a series of tariffs on imports from China. In 2019, amid Trump's escalating moves on trade, Cook met with Trump, reportedly earning the then president's praise as a "a great executive" who "calls me and others don't," and possibly the moniker "Tim Apple."

☆ Apple CEO Tim Cook explains why people might want a mixed reality headset
▼ + stars: | 2023-04-03 | by ( Rohan Goswami | ) www.cnbc.com time to read: +2 min

Apple CEO Tim Cook poses for a portrait next to a line of new MacBook Airs as he enters the Steve Jobs Theater during the Apple Worldwide Developers Conference (WWDC) at the Apple Park campus in Cupertino, California on June 6, 2022 . Apple CEO Tim Cook recently explained in an interview with GQ why people might want the sort of mixed reality headset his company is expected to announce in the coming months. In short: art, communication, "creative" applications, and corporate environments, Cook told GQ. "The idea that you could overlay the physical world with things from the digital world could greatly enhance people's communication, people's connection," Cook told GQ. Meta has struggled to find success with its virtual reality business, called Reality Labs.

☆ Tim Cook's Beijing visit: China and U.S. tech ecosystems are 'intertwined,' analyst says
▼ + stars: | 2023-03-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTim Cook's Beijing visit: China and U.S. tech ecosystems are 'intertwined,' analyst saysLindsay Gorman of the German Marshall Fund's Alliance for Securing Democracy says U.S. companies like Apple have significant manufacturing bases in China, and that complicates the "geopolitical picture."

☆ TikTok wants its advertisers to know the 'myths vs. facts' after its CEO's day in Congress
▼ + stars: | 2023-03-28 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +5 min

Now, it seems, TikTok wants to clear up some facts that lawmakers may have gotten wrong. TikTok wants to clear up "Myth vs Fact." After the TikTok CEO's 5-hour hearing at Congress last Thursday, the company wants to reassure advertisers that it'll be fine. The document states: "TikTok does not permit any government to influence or change its recommendation model." Advertisers make up a large chunk of TikTok's user base, which the company says is now at 150 million monthly active users in the US.

☆ Apple CEO Tim Cook meets with China's commerce minister on supply chain
▼ + stars: | 2023-03-27 | by ( Rohan Goswami | ) www.cnbc.com time to read: +1 min

Tim Cook, chief executive officer of Apple Inc., speaks during a "First Tool-In" ceremony at the TSMC facility under construction in Phoenix, Arizona, US, on Tuesday, Dec. 6, 2022. Apple CEO Tim Cook met with China's minister of commerce, Wang Wentao, on Monday to discuss industrial and supply chain stabilization, according to a statement from the Ministry of Commerce. "The two sides exchanged views on issues such as Apple's development in China and the stabilization of the industrial and supply chains," the statement from China's Ministry of Commerce read. Cook and Wang's meeting comes after months of lockdowns and Covid restrictions in China. "China will unswervingly promote high-level opening-up, steadily promote rules, regulations, management, standards and other institutional opening-up," the statement from Wang's ministry read.

☆ Tech CEOs increasingly admire Elon Musk's harsh leadership style, but they should actually take cues from Apple's Tim Cook
▼ + stars: | 2023-03-27 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +5 min

Experts attribute Apple's stability and durability to CEO Tim Cook's steady leadership style. Experts say that Cook, not Twitter's Elon Musk, is the model that more execs should look to. The lessons CEOs can learn from Cook, the experts say, are that quiet prudence and practicality are always in fashion. By contrast, Cook's approach at Apple is often described as "pragmatic" and "risk averse," as Insider previously reported. Some workers see it as a precursor to the company firing employees who don't meet the requirement, Bloomberg reported.

☆ Here's what Apple CEO Tim Cook's visit to China means for the company and stock
▼ + stars: | 2023-03-27 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's what Apple CEO Tim Cook's visit to China means for the company and stockGene Munster, managing partner at Deepwater Asset Management, joins 'Squawk Box' to discuss Apple CEO Tim Cook's visit to China, what investors should do with Apple's stock, and more.

☆ Apple CEO Tim Cook visits Beijing amid rising U.S.-China tensions
▼ + stars: | 2023-03-24 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple CEO Tim Cook visits Beijing amid rising U.S.-China tensionsCNBC's Steve Kovach joins 'Closing Bell' to report on Apple CEO Tim Cook's first known visit to Beijing since the pandemic.

☆ I tried Apple CEO Tim Cook's 3.45 a.m. wakeup routine. It was a nightmare.
▼ + stars: | 2023-03-17 | by ( James White | ) www.businessinsider.com time to read: +4 min

Tim Cook has been the CEO of Apple since 2011 and has a net worth of $1.8 billion. James White did this for three days but trying to hustle like the Apple CEO felt extremely unnatural. You can change the world," Apple CEO Tim Cook previously told Fast Company. But Tim Cook takes that concept to the extreme, waking up at around 3.45 a.m.Tim receives up to 800 emails each day. Trying to hustle 24/7 like Tim Cook felt extremely unnatural.

☆ Apple shareholders reject proposals from conservative groups
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: 1 min

March 10 (Reuters) - Apple Inc (AAPL.O) shareholders on Friday rejected two shareholder proposals put forth by conservative U.S. groups focused on scrutinizing the iPhone maker's inclusion and diversity policies and its ties to China. Shareholders also approved the company's executive pay packages. The approval comes after the company reduced Chief Executive Officer Tim Cook's pay and made it more dependent on stock performance. Reporting by Stephen Nellis in San FranciscoOur Standards: The Thomson Reuters Trust Principles.

☆ Warren Buffett’s equity portfolio is focused on just 5 stocks. Here’s what they are
▼ + stars: | 2023-02-25 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Warren Buffett's Berkshire Hathaway revealed that 75% of its equity portfolio was concentrated in just five names. The "Oracle of Omaha" kept his top five holdings unchanged last quarter as the stock market experienced heightened volatility amid rising rates and recession fears. At the end of 2022, Apple remained Berkshire's largest holding by far, with a value of $119 billion. Chevron was the conglomerate's third-biggest holding with a $30 billion value. In August, Berkshire received regulatory approval to purchase up to 50%, spurring speculation that it may eventually buy all of Houston-based Occidental.

☆ Warren Buffett calls stock buyback critics 'economic illiterate' in Berkshire Hathaway annual letter
▼ + stars: | 2023-02-25 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

An Andy Warhol-like print of Berkshire Hathaway CEO Warren Buffett hangs outside a clothing stand during the first in-person annual meeting since 2019 of Berkshire Hathaway Inc in Omaha, Nebraska, U.S. April 30, 2022. Warren Buffett defended stock buybacks in Berkshire Hathaway 's annual letter, pushing back on those railing against the practice he believes beneficial to all shareholders. The conglomerate spent a record $27 billion in buybacks in 2021 as Buffett found few opportunities externally. Buffett believes buybacks are beneficial to shareholders as they provide a lift to per-share intrinsic value. "American tailwind"Buffett's widely read shareholder letter is released with Berkshire's annual report and usually sets the tone before the conglomerate's big annual meeting in May in Omaha, Nebraska, nicknamed "Woodstock for Capitalists."

☆ Take a look at the gift that Apple gives employees after 10 years — a slab of aluminum along with a signed note from Tim Cook
▼ + stars: | 2023-02-22 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

At Apple, staff who've stayed 10 years get a gift commemorating the rare milestone. Take a look at Apple's 10-year employee gift, a hefty slab of aluminum with a signed note from Tim Cook. At Apple, employees who've stayed at least 10 years get a square slab of aluminum, a polishing cloth, and a signed note from CEO Tim Cook, according to a recent video from YouTuber DongleBookPro showing an unboxing of the award. The gift is a hefty square hunk of aluminum with a huge stainless steel Apple logo on it. A note from Apple in the package says the gift is made from the same 6000 series aluminum that's used to make the company's products.

☆ George Santos's elaborate lies has seen the Congressman compared with a 19th-century huckster. History bears that out.
▼ + stars: | 2023-02-20 | by ( Allegra Rosenberg | ) www.businessinsider.com time to read: +15 min

My obsession is summed up pretty well by a tweet from @blagojevism: "George Santos is essentially a 19th-century character. Media depicting these characters found inspiration from real life: in a time before digital records and facial recognition, opportunity was everywhere. George Santos's brand of full-throated scammery is particularly American, something that belongs to this country as much as Abraham Lincoln and apple pie. The phrase "and if you believe that, I've got a bridge to sell you" comes from his legendary real-life method. But Santos, so far, has avoided jail time, giving him at least one leg up over the Yellow Kid.

☆ ISS urges Apple shareholders to vote for CEO Tim Cook, other execs' pay packages
▼ + stars: | 2023-02-18 | by ( ) www.reuters.com time to read: +2 min

[1/2] The Apple Inc logo is seen at the entrance to the Apple store in Brussels, Belgium November 28, 2022. REUTERS/Yves HermanFeb 18 (Reuters) - Proxy advisory firm Institutional Shareholder Services (ISS) has urged Apple Inc's (AAPL.O) investors to vote for its director nominees and the pay packages for top executives, including Chief Executive Tim Cook. "Continued monitoring of the pay program is warranted to ensure that pay magnitude is supported by continued strong performance by the company," ISS said in a note. The proposed amendment to the proxy access right would enhance the company's existing right for shareholders while maintaining safeguards on the nomination process, the note added. During last year's annual meeting, Apple shareholders had voted down a proposal requesting that the company report on its gender and racial pay gaps, with 66.4% of votes cast against it.

☆ Tim Cook's mysterious silence on ChatGPT is making Apple look out of touch
▼ + stars: | 2023-02-16 | by ( Emilia David | ) www.businessinsider.com time to read: +4 min

Apple CEO Tim Cook needs to balance AI development with its ongoing supply chain issues. Apple CEO Tim Cook himself has said that AI "will affect every product and service we have." Delivering an interesting AI product is not the only problem Apple needs to address. Apple faced supply chain issues in 2021, delaying the delivery of the iPhone 14 Pro after protests around Covid-19 shutdowns temporarily closed its Chinese manufacturing hubs. The company has talked about diversifying its supply chain process, which could take decades.

☆ Blame the CEO for Tech Layoffs at Google, Facebook, Salesforce, Amazon
▼ + stars: | 2023-02-06 | by ( Ed Zitron | ) www.businessinsider.com time to read: +10 min

CEOs made mistakes, workers bear the bruntIn their layoff announcements, pretty much every tech company placed the blame for the cuts on the economy. While they may protect the CEO's reputation or placate investors, layoffs are immensely damaging for workers, even well-paid tech employees. With great power comes no responsibilityThe blame-shifting of these tech companies and their CEOs is not unprecedented, or even that uncommon. CEO pay skyrocketed by 1,460% from 1978 to 2021, and the ratio of average-worker pay to CEO pay ballooned from 20-to-1 in 1965 to 399-to-1 in 2021. Instead, tech CEOs have passed the pain off to people who in many cases were performing well in their roles.

☆ These 6 CEOs are taking pay cuts to prevent more layoffs and fight tough times as industrywide reductions persist
▼ + stars: | 2023-02-05 | by ( Bethany Biron | ) www.businessinsider.com time to read: 1 min

Apple CEO Tim CookCook at Code in 2022. Jerod Harris/Getty Images for Vox MediaApple CEO Tim Cook is taking a 40% pay cut in 2023, bringing his annual target salary to $49 million for the year, per documents filed with the Securities and Exchange Commission in January. The executive requested the pay reduction himself, coming on the heels of recent controversy surrounding his hefty salary. In 2022, Apple investors were urged to vote against Cook's nearly $100 million pay package by a shareholder advisory firm. The SEC filing references "concern" over Cook's total annual compensation in 2021 and 2022, noting the 2023 reduction comes amid "balancing shareholder feedback, a desire to continue to create meaningful performance and retention incentives, and Mr. Cook's support for changes."

☆ It's official: Apple is still the only tech giant to have avoided recent major layoffs or cost cuts
▼ + stars: | 2023-02-02 | by ( Matt Weinberger | ) www.businessinsider.com time to read: +4 min

Apple took a beating in the holiday quarter, posting its first yearly sales drop since 2019. Every tech company is suffering right now, with almost every one doing layoffs and cost cuts. But Apple hasn't, and CEO Tim Cook says it still plans to invest "in innovation, in people." On Apple's quarterly earnings call on Thursday afternoon, CEO Tim Cook acknowledged the hurdles facing the company. Just because Tim Cook didn't announce layoffs today doesn't mean it'll automatically be able to avoid that fate forever.

☆ I've worked remotely from 15 different countries. Here's what I've learned and what I'd never do again.
▼ + stars: | 2023-01-26 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +8 min

In addition to Italy, over the last five years, Cook has worked in Kenya, Thailand, and 12 other countries. At the time, startups were the only type of company I found that were open to fully remote work. When I started doing this in 2018, remote working like this wasn't as common as it is now. Now, since more people have access to this life because of remote work, a number of companies have cropped up for this exact kind of thing. Cook serving another participant in the Italy program during dinner.

☆ Why do people buy crackpot conspiracy theories?
▼ + stars: | 2023-01-26 | by ( Adam Rogers | ) www.businessinsider.com time to read: +13 min

When it comes to the spread of cockamamie conspiracy theories, Twitter was a maximum viable product long before Elon Musk paid $44 billion for the keys. The more you think you're right all the time, a new study suggests, the more likely you are to buy conspiracy theories, regardless of the evidence. It'd be better, or at least more reassuring, if conspiracy theories were fueled by dumb yahoos rather than self-centered monsters. Still, most scientists thought conspiracy theories weren't worth their time, the province of weirdos connecting JFK's death to lizard aliens. Pennycook's findings also suggest an explanation for why conspiracy theories have become so widely accepted.

☆ An Apple a day could keep the layoffs away
▼ + stars: | 2023-01-23 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

For many tech workers, however, this Lunar New Year was tainted with layoff anxiety. Apple is the only Big Tech company that hasn't conducted sweeping layoffs recently. Apple has long been a lone wolf among its Big Tech peers. The chart above shows how more tech workers were laid off in January 2023 than during the first half of 2022 combined. Read four of the memos in full here, from Google Chrome, Google Cloud, Google UK, and its Europe, the Middle East, and Africa offices.

☆ Apple CEO Tim Cook's slow, steady leadership style may turn out to be the exact antidote to the carnage sweeping the tech sector
▼ + stars: | 2023-01-20 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +4 min

Apple is now the only major tech giant that hasn't conducted mass layoffs recently. Apple is in a different position than its peers because it has been more strategic about its growth. Wall Street hopes that CEO Tim Cook's pragmatic approach puts Apple in a better spot. Apple is in a different, stronger position, though, industry analysts tell Insider — a position that they say validates CEO Tim Cook's pragmatic approach to growth. Lastly, another hallmark of Cook's strategy is that Apple doesn't have a history of pouring money into risky, whimsical side projects.

☆ Apple CEO Cook's pay more dependent on stock performance in 2023
▼ + stars: | 2023-01-13 | by ( ) www.reuters.com time to read: +1 min

For 2023, Cook's compensation target was set at $49 million, more than 40% lower than his 2022 pay. Apple made the changes after 64% of shareholders approved Cook's pay package at its annual meeting last year, down from 94.9% the previous year. The biggest change came in Cook's stock awards. For fiscal 2022, Apple granted him $75 million in stock awards, half of which were based on how well Apple's shares performed. For fiscal 2023, Cook's stock award target was reduced to $40 million, with $30 million of the total depending on share performance.

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