“Is Apple secretly searching for a new chief executive to replace Tim Cook? ,” Gene Marcial reports for Forbes.
“Some Wall Street sources close to some Apple executives say such a move is afoot, although there’s yet no available evidence that the board of the once-mighty top tech-innovator is officially in such a game-changing mode,” Marcial reports. “But if it isn’t yet pursuing such a goal, it should, according to some big stakeholders, who have trimmed their Apple holdings.”
Marcial reports, “They assert privately that it’s time for Apple to oust Cook. Under his tenure Apple shares rose to an all-time peak last September, but they have since been cut nearly in half… unless Apple CEO Cook announces something really dramatic in new products or astronomical earnings on Tuesday, the stock will surely decline even more. And so will Tim Cook’s standing with shareholders and investors — and Wall Street. That may finally signal his exit.”
Read more in the full article here.
MacDailyNews Take: Specious.
Related article:
Who’s behind the Tim-Cook-must-go whisper campaign? They are not friends of Apple, and they don’t have the company’s best interests at heart – April 22, 2013
Total BS, more corrupt attempts at stock manipulation and general idiotic anti-Apple blather.
“Some Wall Street sources close to some Apple executives say such a move is afoot, although there’s yet no available evidence…”
Aaaaand you lost me.
like this,
my mothers, mother’s best friends mother knows a mother who told another mother that your mother is ahem…
WO SIND DIE ZWEI APOSTROPHES?!
That’s right, C1 — total BS. Who cares if some big investors cut back on their Apple holdings? They will be back eventually. If not, who cares.
Every board of directors should always consider candidates for CEO, the same occurred when Jobs was in charge. However, this does not mean that Tim Cook’s days at Apple are numbered.
fud fud fud fud
Fud Fud Fud Fud
FUD FUD FUD FUD
FUD FUD FUD FUD
FUD! FUD! FUD! FUD!
FSCK off Wall Street analcyst haters. Thank goodness Apple doesn’t give a RAT’S about your manipulation and demolition of Apple campaign. Go manipulate and demolish yourselves. 😛
Funny, no one was calling for Steve Jobs head for the 2-3 years between the iPhone and iPad. Wall Street is insane.
It takes two to have a predatory relationship.
Specimen 1: The wolf.
Specimen 2: The sheeple.
BTW Derek, typographically, uppercase is apparently talking loud. While a bold setting can be considered shouting. Screaming would be the combination of the two BOLD and UPPERCASE. – Go figure? 🙂
Carry on the fight to defend Apple – proud of you.
Hmm. I’m was thinking in pictographic terms. I may try the conventional progression in the future. Thank you!
If Apple is doomed, it is the greed of speculative investors and the spinelessness of the BoD that dooms it. You don’t get world changing developments on demand, they come when they are ready. If you stifle the process you get nothing. Goose that laid the golden egg and all that.
‘the sky is falling!
the sky is falling!’
‘wow! what if chicken little is right! we might as well kill ourselves right now rather than suffer the pain and anguish of having the sky fall on us! where’s my seppuku knife?!’
THE FUTURE
Oh darn. Chicken Little was wrong. What fools we were to believe its ranting. Apple gutted its future for nothing. We lost the greatest company on the planet all due to some dumbass, loud mouth little chicken. FRIED CHICKEN FOR DINNER EVERYONE! 😀
but the chicken is little
ain’t enough for everyone
I think we have enough, considering the plethora of ‘chicken littles’ we have pecking around the barnyard called ‘Wall Street’.
I call first dibs on breaking their necks! You folks can do the plucking. 😉
FUD
not just mere FUD, but Magnum Fudus…it may well be the new benchmark that future FUD is compared to..”Hey, Gene, remember back in ’13 when you did the horseshit about Cook in Forbes?” “Boy, sure do, it was my masterpiece.”
THE VALUE OF STEVE JOBS = $250,000,000,000
Had nothing to do with Tim.
Steve’s passing finally hit home…
really?
who figured out how to build and deliver all those tens of millions of iphones and ipads?
Tim Cook, king of the channel and subvendor control. That’s why Steve put him in charge.
” . . . king of the channel and subvendor control.” Really? REALLY?
How’d all that “royalty” work out with the iMac release late last year? Had that product rolled out on time and in volume, this meltdown of AAPL would not have been nearly so massive.
Yeah, yeah, yeah. Master of the supply chain domain, this guy. Gawd protect us shareholders from his like in the future.
Tim is the best in the industry regarding the supply chain… he has proven this many times over – even before Apple.
He also is a fantastic leader, according to many at Apple. And yes – appointed by SJ, however the war on Apple has risen. Tim is not right for the times. He is not perfect. His passion for Apple doesn’t speak to the masses. And Jony Ives aint the man either. Tim you know who is right – bring him back and step down to handle the supply again.
No. No we don’t want you back Scott. Tim Cook may have his issues but your ass is gone for a good reason. Apparently you didn’t know how to play well with others and share your toys.
Steven P. Jobs never played well with others and certainly didn’t share his toys. Who the hell do you think mentored Scott all these years? Scott and Ive were his favorites. He gave them the power and encouragement to be what and who they are.
You really think Scott went off the range and changed his mode of operation when Steve Died? I personally doubt it. No way that senior of an exec with the experience he has suddenly goes anti-social. My bet is sour grapes on part of his detractors over years of preferential treatment he received and the attitude that Steve helped instill in him. Steve would not have apologized over maps either.
There is a reason he had been with Steve since the nEXT days. Like OS X? Thank Scott..Just think you almost got Gassee and Be..Be thankful you had Scott and nEXTstep..
the engineers figured out how to build them… Foxconn was hired to manufacture and assemble parts
They cant even find a retail chief.
Getting rid of or even demoting Cook would be the worst thing the Apple BOD could ever do…
Instead of firing Tim Cook, Apple needs to bring in a crazy visionary as the Chief Development Officer. Cook is the best supply chain and people manager in the industry and compliments Apples complicated manufacturing arrangement very well and he was hand picked by Jobs. Firing him is not wisdom.
As CEO he should step down, and remain as the supply god.
Cook has done just as poorly as others whom he has fired.
Jony is ridding on the same design constantly… the bases form and shape and styling is established – the engineers are the ones who make it so.
Greed has returned to Apple… it started with Cook.
Steve was a very sick man during his last years, he depended on Cook to manage things – but that was the SMOOTH SAILING times… things are heating up and Cook just hasn’t got it.
A Source close to the BoD at Apple has stated that they are looking at joining Samsung as a subsidy. Although, no evidence indicates this and planning is possibly afoot. In other stock manipulation and bogus news, Windows 8 copies selling faster than production line’s capacity
It’s analysts who we should be ridding the world of. As soon as the iWatch/Apple TV/whatever else comes along everyone will have forgotten about this blip.
Find a stretch of water 50 meters long. An Olympic size pool will do. Make the potential Apple CEO candidate take off his shoes and don a pair of Jerusalem sandals and saffron robes. Shaving of head is optional.
Make him stand at one end of the pool. Ask him to walk across the pool lengthwise without any aids.
Anoint the person who reaches the other end with dry robes.
That SJ couldn’t do it would be considered irrelevant. Or would that be ‘irreverent’?
The way to do it is by freezing the surface of the pool. But that would incite accusations of cheating. Even if the candidate fed 5000 stock market analysts with 5 loaves and 2 fishes, there would be complaints that the loaves weren’t New York Pumpernickel and the fish weren’t smoked.
Verbose and specious.
Just fat boy waffle.
Totally speculative. Since when does innuendo become news? Don’t let facts get in the way of a story, heaven forbid.
As a scientist, I have a sense of responsibility to NOT say something that is not based on fact as there are consequences resulting from such unprofessional actions. THe public is misinformed, other scientists chase something hopeless, etc etc.
Am getting so sick of these people.
Once mighty? What are they basing these things on . . . Every number other than the stock price says Apple is mightier than ever (and mightier than any technology company in the history of the world).
I use profanity sparingly and in doing so I believe that when I do it packs a punch. Fuck you, Wall Street.
What is worse?
The clowns that make this shit up or the ones that pass it on?
I guess they won’t be satisfied until a Ballmer or Mole replaces him.
Tim… OUT !!!
Mac Pro… IN !!!
this BS was inevitable.
Amazing and ridiculous
what’s next?
Steve job coming back from the dead…?
fasten seat belt…till tomorrow earning times…many more to come…
This article comes one day before the quarterly results, and one must wonder if the author of the article is aware of some disaster that would require CEO replacement. One problem for the naked short society is it is getting harder to push the stock down, so rumours of the replacement of the CEO would add to the existing FUD quotient. As for APPL’s downward drift, perhaps a reading of “The Payoff: Why Wall Street Always Wins” by Jeff Connaughton would explain how the stock market has changed dramatically in the last few years, and not in the interest of the individual investor. It explains how the course of justice has been perverted by the incestuous relations between the politicians and the investment banking community, how naked shorts actually work, the shadow markets that mean large trades go unseen by the masses, nanosecond trading to skim the market by first slowing it down and then profiting from computer generated opportunities for arbitrage, and on and on it goes. At least there are no rumours now that Mr. Cook has an undisclosed and serious illness, as has happened frequently in the case of the previous CEO.
Wait: What? Tim Cook is ill? I hadn’t heard that yet! I’m going to go check with sources, some of whom are in the press to see if they’ve heard anything. This will surely create a press storm and Apple won’t comment on the private life of an employee so the refusal to deny the rumor will gain new life and get picked up by even more outlets.
Paul is dead…pass it on
In other news, Some friend of some relatives of some Wall street sources who are close to some uncle of an acquaintance of a sister of an ex-lover of an Apple executive have announced that Apple is soon to be bought by Dell. Michael Dell is reportedly preparing to finally see a statement that he made years ago come to fruition. Although there’s yet no available evidence.
I am getting so sick of these “articles”. What I want to know is who is paying all these analcysts to write this crap, Samdung or Google.
Mac news sites (MDN included) should treat these fools like general news organizations should treat terrorists. Ignore them! Don’t give them the publicity they’re seeking.
Depending how long Tim opens his mouth for might determine how far the share price goes down by!!! As long as it takes Tim, as long as it takes.
Can anyone point out even one thing Tim Cook has done fir Apple as CEO that’s any good?
We’ve had top execs leave and product management run amuck.
Look, if anybody thinks the last two years are Tim Cook’s innovation it’s crazy. He’s riding on products set up by Jobs. Those coat tails are turning to fumes. The real Tim Cook will be revealed over the next year. Does he have a vision?
Apple was fortunate to have a tech visionary at CEO for a long time. However, your assumption that the Apple CEO must be responsible for the tech innovation is misplaced. Yes, Cook is responsible for the direction of the company and deployment of Apple’s innovative products, but there is no natural law that tech CEOs must be the creative technologist behind the products. Jony Ive is that person now.
I would also like to remind you that the person that has driven Apple’s ability to have great margins on their products is Cook. He is widely regarded as being as good at operations as Jobs was at the creative (both products and advertising) tasks. While that is only important when putting out great products, booting Cook is going to damage Apple.
sorry, have to side with sfgh on this one. Cook has accomplished practically nothing since getting the reins.
– awkward dock connector transition, with poorly executed iPad updates within weeks.
– iMac intro screwed up
– slow and awkward PR handling of Chinese labor inquiries
– a beta version of Maps allowed to be released and advertised as a headlining feature in iOS 6
– Mac Pro updates TOO SLOW (still waiting for USB3, Thunderbolt, and graphics options)
– crappy iTunes 11 update that removed useful features
– iWork not updated since late 2008
– displays not updated for over 3 years
– iPhone family nonexistent (didn’t Steve Jobs show that the iPod was a great success in multiple form factors at different price points?)
– Cook totally ignores pro Mac users and enterprise customers, abandoning many to newer graphics, video, and audio processing products available elsewhere
– 3rd party developers still not fully supporting retina displays. why not? because Macs aren’t retina across the board.
– investors question what Apple is going to do with its growing cash hoard are not given an answer — unless you count public reveals of the stupidest office building you’ve ever seen.
– recent reports of millions of product quality rejections.
I’m not alone in finding Apple leadership surprisingly lacking. Wall Street may be heartless short-term-thinking bastards, but they know when a company leader is not performing. That is the real reason Apple stock has returned to pre-Cook levels. Cook has not added any value to Apple. He should return his obscene stock award and turn the reins over to a visionary, compelling leader that acts decisively and openly.
Are all three of you the same troll?
I just posted a blog with my thoughts on this very subject. This isn’t the work of Google or Samsung. It’s the work of Wall Street trying to finally get a man in charge they can manipulate to let them get their greasy mitts in the cookie jar. They couldn’t touch Jobs, but Cook lacks Jobs’s cult following. They’re tryi g to either force him to play their game, or remove him as an obstacle between them and Apple’s billions.
Feel free to read my full post if you want, but this comment pretty much summed up my thoughts.
I think you’re on to something. Like the TRUTH!
Maybe, maybe not. But I watch, I analyze, and then I hypothesize based on the (admitted incomplete) picture I’ve been able to assemble. Thank God the internet gives me an outlet, right?
Well, it’s very logical. And not beyond Wall Street’s manipulative ways.
Well, check out my blog if you’d like. It’s fairly random, but I’m mostly gearing it towards my Apple thoughts now more than any other topic. The most recent post focuses on this topic.
I seriously, seriously hope that Apple is smart enough to fend off these attacks and keep Cook at the head. He’s clearly doing something right if so many forces are at work to try to discredit and unseat him.
I will check it out. Thanks.
Great blog! Excellent points.
Thanks, I try! haha.
Time to bring back Scott Forstall in the CEO spot
“once-mighty top tech-innovator”… So who would that leave as the current mighty top tech-innovator?? Samdung? Blackberry?? MicroSoft?? Sony??…. puleeeze gimme a break, what total BS.
Since the date of Steve Jobs death 10-5-2011, as of Friday, Apple up 4.77%, BBRY down 40.57%, NOK down 41.34%. Samsung is up 40 plus %, much of it a result of earnings attributable to sales to Appe and tophone sales linked to knock off of Apple. I fail to see what CEO actions TC has taken to warrant his firing. One major bad hire. That hire did not cause the share price decline or the rise of Samsung. The Maps “failure” was Forestall’s baby as I see it, though I don’t see it as a failure. Works fine for me. Microsft Maps on my PC almost cost me a few years back in Colorado. I had the sense to turn around whn I realized the roads were seasonal.