“In a note that made waves this weekend, Global Equities Research’s Trip Chowdhry recently shared his displeasure with Apple Inc. management,” Jake Mann writes for Benzinga. “‘Tim Cook and the rise of Bozo Culture at Apple has destroyed $486 Billion of potential shareholder value,’ he wrote.”
Here are some key quotes from Chowdhry’s thesis:
• “Apple urgently needs to institute a “No Bozo Policy”…Investors are increasingly getting concerned about “Bozo Explosion” at Apple.”
• “Apple needs a new CEO: Jonathan Rubinstein, the father of iMac and iPod, Board Member of Amazon.com and a close associate of Steve Jobs…Tim Cook can go back to his Operations role.”
• “Apple needs a new CFO: Fred Anderson, he was CFO during Apple’s resurrection under Steve Jobs… Luca Maestri can go back to his Accountant role.”
Read more in the full article here.
MacDailyNews Take: We don’t call him Trippy Chowderhead for nothing.
They only have 60 days left to either come up with something or they will disappear. It will take years for Apple’s $130 billion in cash to vanish, but it will become an irrelevant company … it will become a zombie, if they don’t come up with an iWatch. — Trippy Chowderhead, Global Equities Research, March 20, 2014
Analyst: Investors have ‘zero confidence’ in Apple management – September 15, 2015
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iWatch: Apple is not here to entertain you – April 14, 2014
Fire Tim Cook? Absurd. Cook has added $140 billion to Apple shareholder value since becoming CEO – March 19, 2014
Apple can’t replace Steve Jobs, but it must try or something – March 12, 2014