“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
I hope Apple isn’t that stupid. What’s going on with the stock is not Tim’s fault. Almost feel like someone is trying to sabotage Apple by pushing them to get rid of Tim. Bad, bad idea.
They’re not trying to sabotage it to bring Apple down. They’re trying to sabotage it so they can either get Tim Cook to open the coffers, or get Apple to replace him with someone who will.
FUD!!!!!!!!!!!!!
Great, investors should really convince the BoD to replace Cook with a CEO that is driven by Wall Street performance and not by making great products.
Such investors using their short-term financials as a reason to shit on Apple’s DNA.
Mister Supply Chain Genius mangled the supply chain and he sure isn’t a very compelling leader. What took so long for the board to start the search for a replacement ?
This time, no queer!
Step 1 – Fire Tim Cook; I mean the man has helped take Apple from beleaguered to brilliant so he must go;
Step 2 – Poach Stephen Elop from Nokia
Step 3 – Announce OSX and iOS are burning platforms and dump then for Windows and Windows Phone
Step 4 – Apple actually does have a problem rather than an imaginary inability to give everyone a magic pony
“…according to some big stakeholders, who have trimmed their Apple holdings.” If they trimmed then they are not big shareholders so they lost their voice.
I’ve believed from the start that Tim Cook was an interim and he himself was aware of that. Did anybody actually READ the SEC filing about his bonus? Nowhere in that document did it mention Cook’s job title which was unusual. All it stated was that Cook receives the bonus if he remains with Apple. That suggests a demotion is planned and expected but the board recognizes Cook’s value to the company and need to retain his skills. Cook himself most likely realized that whoever succeeded Jobs would be viewed as a relative failure and volunteered to be the fall guy.
But, as others have pointed out, there’s not many qualified candidates out there right now.