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☆ 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.

☆ The contender for tech's next big boom or bubble is here
▼ + stars: | 2023-01-13 | by ( Jake Swearingen | ) www.businessinsider.com time to read: +5 min

It's the hunt for big paydays that keeps VC markets a little frothy when new tech like generative AI hits the scene. And a bubble is only a bubble in the rear-view — in the moment, it's just making sure you don't miss out on the future. Generative AI tools can be used to create a variety of texts and images like this one, which was produced by OpenAI's DALL-E 2. But could generative AI be the next bubble in tech? Click here to read whether the next tech bubble is already here.

☆ Jim Cramer's top 10 things to watch in the market Friday: Banks swoon, Tesla cuts prices
▼ + stars: | 2023-01-13 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

Bank of America (BAC) fourth-quarter earnings of 85 cents per share beat estimates; revenue of $24.66 billion did, too. Citigroup (C) says fourth-quarter net income fell by more than 20% — investment banking drag masks higher rate benefit. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ Apple CEO Tim Cook requests and receives a 40% pay cut after shareholder vote
▼ + stars: | 2023-01-12 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Apple CEO Tim Cook will receive a pay cut in 2023 to $49 million in total compensation, the company said in a filing with the SEC. Cook requested the change, Apple said in the filing, following a shareholder vote on his pay package. Institutional Shareholder Services recommended that Apple shareholders vote against Cook's pay package at last year's annual meeting. The number of actual shares of Apple stock that Cook vests depends on Apple's performance versus the S&P 500. Since Cook took over as CEO in 2011, Apple stock has returned 1,212% versus 290% for the S&P 500, Apple said.

☆ Tim Cook's pay is falling 40% this year – but he's cool with it
▼ + stars: | 2023-01-12 | by ( Samantha Delouya | ) www.businessinsider.com time to read: +2 min

Tim Cook's 2023 pay package will be slashed by 40% to $49 million, according to an SEC filing. The cut was done at Cook's request after his paydays in previous years faced pushback among some shareholders. Last year, a top shareholder advisory firm encouraged Apple stockholders to vote against Cook's $99M pay. According to a filing by Apple with the SEC, Cook's target total compensation for 2023 will be $49 million, more than 40% below what he was paid in 2022. Last year, a top shareholder advisory firm urged Apple investors to vote against Cook's pay package, which totaled nearly $99 million for 2021, or 1,447x the median salary of an Apple employee.

☆ The 4 best success tips CEOs shared this year—from Tim Cook to Delta’s Ed Bastian
▼ + stars: | 2022-12-31 | by ( Natasha Piñon | ) www.cnbc.com time to read: +5 min

Here are some of the best success tips that top CEOs shared this year. And magic to be found in the service of others.”Claire Babineaux-Fontenot, Feeding America CEO Claire Babineaux-Fontenot, the CEO of Feeding America, knows the importance of giving back. Beth Ford, Land O'Lakes CEO Land O'Lakes CEO Beth Ford is no stranger to success. “Often, we think, ‘Nobody is going to see the good job I’ve done,’ or we’re scared to ask for help. Yet, if you do ask someone for help, or ask for what you want, people will reach out and give it to you.”

☆ Elon Musk meets Tim Cook, says Apple never considered removing Twitter app
▼ + stars: | 2022-11-30 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Twitter owner Elon Musk said he went to Apple's headquarters and met with Apple CEO Tim Cook in tweets on Wednesday. Among other things, we resolved the misunderstanding about Twitter potentially being removed from the App Store," Musk tweeted. In another tweet, Musk posted a short video of a reflecting pool at the center of Apple Park in Cupertino, California. Apple stands to make money from Twitter if Musk succeeds in his plan to significantly expand Twitter subscription revenue, and those features are sold through the Twitter iPhone app. He also tagged Cook's Twitter account on Monday and asked what was going on with a potential suspension of the Twitter app.

☆ Elon Musk says Apple never considered removing Twitter from App Store
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: +1 min

Nov 30 (Reuters) - Elon Musk on Wednesday tweeted that the misunderstanding about Twitter potentially being removed from Apple Inc's (AAPL.O) App Store was resolved following his meeting with the iPhone maker's (AAPL.O) Chief Executive Tim Cook. loading"Tim was clear that Apple never considered doing so," the billionaire CEO of Twitter and Tesla Inc (TSLA.O) said in a tweet. On Monday, Musk had accused Apple of threatening to block Twitter from its app store without saying why in a series of tweets that also said it had stopped advertising on the social media platform. He had later tagged Cook's Twitter account in another tweet, asking "what's going on here?" Twitter and Apple did not immediately respond to requests for comment on Musk's latest tweet.

[1/2] Twitter logo and a photo of Elon Musk are displayed through magnifier in this illustration taken October 27, 2022. The billionaire CEO of Twitter and Tesla also said Apple was pressuring Twitter over content moderation demands. Parler was restored by Apple in 2021 after the app updated its content and moderation practices, the companies said at the time. "Apple has mostly stopped advertising on Twitter. Musk also said "yes" in response to a user question on whether Apple was threatening Twitter's presence in the App Store or making moderation demands.

☆ Slick Bournemouth outclass struggling Everton again
▼ + stars: | 2022-11-12 | by ( ) www.reuters.com time to read: +3 min

BOURNEMOUTH, England, Nov 12 (Reuters) - Bournemouth thumped Everton for the second time this week as goals from Marcus Tavernier, Kieffer Moore and substitute Jaidon Anthony gave them a 3-0 win at the Vitality Stadium on Saturday in their final Premier League game before the World Cup. The result lifted Bournemouth up to 13th on 16 points and piled the pressure on Frank Lampard, with his Everton side hovering one point above the relegation zone in 17th after an alarming slide in form. The boys maintained it for 90 minutes," interim Bournemouth manager Gary O'Neil said. Seven minutes later, Pickford parried Philip Billing's volley and Tavernier nodded the rebound back across goal, where Moore out-muscled Everton defender Vitaliy Mykolenko to power it over the line. Reporting by Hritika Sharma in Bengaluru, editing by Ed Osmond and Clare Fallon and Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

☆ Everybody thinks Apple's Tim Cook's boring (but he's kicking everybody's ass)
▼ + stars: | 2022-11-03 | by ( Samantha Delouya | ) www.businessinsider.com time to read: +2 min

Apple's market cap is worth more than Amazon, Meta, and Alphabet combined. Other tech companies have faced more pushback for seemingly investing too much in headcounts and moonshot projects. Apple isn't immune to criticism, but CEO Tim Cook largely avoids controversy, which may insulate the company. Meta CEO Mark Zuckerberg has even publicly accused the company of undercutting other businesses to grow its own. But Apple's stock is down only 23%.

☆ Apple has touted its 'deliberate' hiring amid a tough economy, but insiders say widespread hiring freezes are in place for the year ahead
▼ + stars: | 2022-11-02 | by ( Reed Alexander | Claire Atkinson | ) www.businessinsider.com time to read: +4 min

Apple has frozen hiring for roles across corporate divisions at the tech giant, three sources tell Insider. The company has said it will be "deliberate" with recruiting but has not acknowledged halting hires in some departments. Since the summer, Apple has touted its "deliberate" decisions about investment and hiring, including on its most recent quarterly earnings call last week. But three sources with close knowledge of conversations at the company told Insider it has paused almost all hiring. The second source, who has knowledge of multiple high-level conversations inside Apple, agreed that it's experiencing a hiring freeze.

☆ Apple set to report earnings after the bell
▼ + stars: | 2022-10-27 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Performer Jon Batiste, left, and Tim Cook, chief executive officer of Apple Inc., center, at the Apple Fifth Avenue store in New York, US, on Friday, Sept. 16, 2022. Apple reports fiscal fourth-quarter earnings after the bell on Thursday. Apple also has the challenge of a strong dollar when sales from other countries make up the majority of the firm's business. Apple's services include revenue from the App Store, subscriptions such as Apple Music, search licensing fees from companies such as Google, hardware warranties and other businesses. "Most investors are aligned that services revenue growth should accelerate" during the December quarter again, wrote Morgan Stanley's Erik Woodring in a note this week.

The all-inclusive figure that forms the basis for the Fed's target is likely to come in around 6%. SUPPLY, DEMAND, COMPETITIONThere has been sharp rhetoric about high corporate profits driving inflation - and indeed businesses like auto dealers enjoyed large markups during the pandemic, when demand surged and supply was limited. Based on those and other metrics, shelter inflation already may be declining even if government data doesn't show it yet. While that may not be the source of inflation, Fed officials feel that more balance between labor demand and supply will help ease price increases. "This pattern supports our view that wage growth and price inflation will moderate without a recession," Briggs wrote.

☆ Apple CEO Tim Cook got roasted for his lackluster, bored-looking checkered flag waving at Formula One's US Grand Prix
▼ + stars: | 2022-10-24 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Tim Cook got the honor of waving the checkered flag at Formula One's United States Grand Prix Sunday. People across the world of F1 were quick to roast for his apparent lack of enthusiasm however. "Possibly the worst checkered flag-waving in Formula One history," one prominent commentator said. Cook became the latest in a long line of well-known figures to signal the end of an F1 race by waving the checkered flag, joining the likes of David Beckham and Serena Williams. Sky Sports commentator Ted Kravitz also chimed in, calling it "possibly the worst checkered flag-waving in Formula One history."

☆ An 'instinctively conservative' Tim Cook was willing to trying something new — then take responsibility when it failed. Bono says it's probably one reason Steve Jobs tapped him to be CEO.
▼ + stars: | 2022-10-24 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +4 min

Bono wrote about the time he convinced Apple CEO Tim Cook to put U2's album on iPhones for free. He said this leadership trait was likely one reason Steve Jobs chose Cook as his successor. Cook, Bono wrote, "never blinked," during the backlash, and said Bono talked the company "into an experiment." "We ran with it," Cook told Bono, according to the musician. "Probably instinctively conservative, he was ready to try something different to solve a problem," Bono wrote.

☆ Google Pixel tries, fails, to dunk on Apple CEO Tim Cook with a tweet sent from an iPhone
▼ + stars: | 2022-10-20 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +2 min

Google Pixel replied to a tweet from Apple CEO Tim Cook that appeared to be a dig at the company. People noticed the tweet, which has since been deleted, was sent from "Twitter for iPhone." The Google Pixel account tried to take a dig at Apple CEO Tim Cook, but was quickly called out by users who noticed its tweet was sent from an iPhone. The latest 'Twitter for iPhone' oopsieThis isn't the first time an iPhone has been used to send out a competitor's tweet. But the actress sent the tweet via "Twitter for iPhone."

☆ Apple CEO Tim Cook doesn't like the metaverse—he predicts a different technology will shape the future
▼ + stars: | 2022-10-03 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Unsurprisingly, Apple hasn't yet publicly touted any plans for the metaverse , a term typically used to describe virtual reality (VR) platforms where people can interact, work, shop and play games using immersive technology like a virtual reality headset. "I always think it's important that people understand what something is," the Apple CEO told Dutch publication Bright on Friday. Instead, he's pushed his company's plans around augmented reality (AR), where virtual elements and images are superimposed onto the real world. "I think AR is a profound technology that will affect everything," Cook said. "Zoom out to the future and look back, you'll wonder how you led your life without augmented reality," Cook said.

☆ GM delays return-to-office plan to 2023, just days after it said staff would be required to come back this year
▼ + stars: | 2022-09-28 | by ( Stephen Jones | ) www.businessinsider.com time to read: +2 min

GM pushed back its return-to-office plans, just days after telling staff they'd have to come in. On Friday, the company told staff to expect to return at least three days a week this year. Executives also have no plans to mandate which days employees return, and instead will leave the decision to individual teams and managers, GM said. GM is among several high-profile companies to have faced challenges getting staff to return. Some Apple staffers have been fighting CEO Tim Cook's call for them to return to the office at least three days a week.

☆ Tim Cook's attitude towards iPhone users wanting a fix for texting is condescending: It's time for Apple to talk to Android
▼ + stars: | 2022-09-16 | by ( Michael Gartenberg | ) www.businessinsider.com time to read: +7 min

The company's refusal to fix this is a burden on iOS users, not Android users. But the company's refusal to fix this is a burden on iOS users, not Android users. If iMessage is truly a major reason that iPhone users stick around, then Apple is on a slippery slope. The more these interoperability issues plague Apple users, the more users will find ways around iMessage. The undistorted reality is, despite Tim Cook's comments, Apple users do want interoperability.

☆ Tim Cook reveals his biggest dispute with Steve Jobs — and how it ended
▼ + stars: | 2022-09-10 | by ( Katie Canales | ) www.businessinsider.com time to read: +2 min

Apple CEO Tim Cook said Wednesday that his biggest debate with Steve Jobs was over iPhone sales. The two discussed for years how to sell it: via a subsidy model or a revenue-share strategy, which Jobs wanted. Apple went Jobs' route before switching to Cook's idea, which helped catapult the iPhone to success. Cook appeared at the annual Code conference Wednesday alongside design legend Jony Ive, Jobs' widow Laurene Powell Jobs, and journalist Kara Swisher to discuss the late Apple visionary. Swisher asked Cook what his biggest debate was with Jobs, and Cook said it was the company's iPhone sales strategy ahead of its 2007 debut.

☆ Tim Cook says Apple doesn't get many requests to fix green bubble messages to Android users
▼ + stars: | 2022-09-08 | by ( Katie Canales | ) www.businessinsider.com time to read: +3 min

Apple CEO Tim Cook told an audience member Wednesday to "buy your mom an iPhone." The fan asked Cook about how Apple converts Android messages, a long contentious topic. At the annual Code Conference Wednesday night, Cook was answering audience questions when one man asked about improving cross-device messaging. This is why some users complain about poorly converted videos and other media when sending them between Android and iPhones. "These problems exist because Apple refuses to adopt modern texting standards when people with iPhones and Android phones text each other," the Android website says.

☆ Elon Musk subpoenaed Jack Dorsey as part of his Twitter lawsuit, but the two have had a crypto bromance stretching back years. Here's how it started.
▼ + stars: | 2022-08-28 | by ( Katie Canales | ) www.businessinsider.com time to read: +1 min

Jack Dorsey and Elon Musk are vocal crypto enthusiasts and have been friendly to each other online. Their friendship stands out against other tech execs' feuds, like Mark Zuckerberg and Tim Cook's. Both Jack Dorsey and Elon Musk have emerged as quasi-bitcoin ambassadors, using their Twitter platforms to spout their devotion to the virtual currency. Facebook CEO Mark Zuckerberg and Apple CEO Tim Cook famously have beef stretching back years, and Microsoft co-founder Bill Gates had a long feud with the late Apple visionary Steve Jobs. That fact remains even as Musk subpoenas Dorsey for material relating to spam accounts as part of the Tesla exec's defense against Twitter.

☆ Buffett bought more Apple last quarter and says he would have added more if the stock didn't rebound
▼ + stars: | 2022-05-02 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Berkshire Hathaway 's chairman and CEO told CNBC's Becky Quick that he scooped up $600 million worth of Apple shares following a three-day decline in the stock last quarter. 1 stock Apple during the tech giant's sell-off in the first quarter. There have been plenty of buying opportunities for Buffett this year as Apple shares came under pressure amid fears of rising interest rates and supply chain constraints. Berkshire began buying Apple stock in 2016 under the influence of Buffett's investing deputies, Todd Combs and Ted Weschler. Cook was in attendance at Berkshire's annual meeting over the weekend.

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