“I am not even starting to compare Apple’s returns in the five-year period since Tim Cook took over as CEO with the companies run by Jeff Bezos, Reed Hastings, Mark Zuckerberg and the rest of mega capitalization tech land names, which make Apple’s returns look pretty pathetic,” Somaney writes. “In the hedge fund world that would be called not meeting one’s benchmarks and most hedge fund managers would be hard pressed to make the case for the annual performance fees from their investors. However, Tim Cook has made roughly $500 million or so in the five years despite lagging even the Nasdaq index. Only in corporate America does one get rewarded like a king for less than mediocre performance, no? So, as far as return to shareholders is concerned, I would give Tim Cook a C at best… Tim Cook’s overall grade for the first five years would be a C minus at best.”
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MacDailyNews Take: Tough grader from a real glass-half-empty kind of guy. During his first full fiscal year as Apple CEO, a 12-month period that ended September 29, 2012, Apple generated more than $156.5 billion in revenue and a $41.7 billion profit. During Apple’s last full fiscal year, Apple’s revenue hit $233.7 billion and company profits surged to $53.4 billion. In the last year, Apple under Cook generated more money than Procter & Gamble is worth and took in enough profit to buy Sony with $10 billion left over.
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