“Apple (AAPL) has begun to recover from its horrendous slide from $705 to $389,” Bret Kenwell writes for TheStreet. “Since the slide began, many people have been calling for CEO Tim Cook’s head — figuratively, of course.”
“Some folks who blamed him for the entire decline then had the gall to say he had nothing to do with the stock’s recent bounce,” Kenwell writes. “Talk about not giving credit where credit is due. If you have the opinion that Cook has done nothing to cause this bounce (even with the 15% dividend increase and the $60 billion stock buyback program), then that’s fine. But just don’t say the decline is his fault, too. That would just be unfair, and you know it.”
Kenwell writes, “Shareholders might want a visionary to steer Apple, and that’s fine, but don’t rule out Cook’s importance.”
Read more in the full article here.