“Social Capital CEO Chamath Palihapitiya said Amazon CEO Jeff Bezos is a ‘fantastic’ capital allocator and a maniacal CEO solely interested in running his company,” Tom DiChristopher reports for CNBC.
“And Palihapitiya said the exact opposite is true of Apple CEO Tim Cook. Under Cook, Apple has left hundreds of billions of dollars ‘rotting’ on its balance sheet for years, he asserted,” DiChristopher reports. “‘They have a CEO that is unfortunately, you know, pretty lackluster. I saw him on Mad Money and … it was like human Ambien. I mean, it was pretty boring,’ he told CNBC’s Squawk Box.”
DiChristopher reports, “‘As a person that’s worked for great leaders, and is around a lot of great technology leaders, it would be very difficult for me to work for him,’ said Palihapitiya, a Silicon Valley-based venture capitalist and former Facebook executive.”
MacDailyNews Take: Yeah, after this, you won’t have to worry about working for him.
“Social Capital has $1.2 billion in assets under management and focuses on early stage investments in education, health care, financial services, and enterprise and consumer segments,” DiChristopher reports. “Palihapitiya said he would work for Bezos in a heartbeat, and would have also worked for the late Steve Jobs.”
Read more in the full article here.
MacDailyNews Take: Scathing and not eminently disputable. Yet, somehow, we expect Cook will manage to survive just fine.
Running the world’s most valuable company is tough enough, imagine having to do it while following Steve Jobs. — MacDailyNews Take, May 4, 2016
Apple needs a visionary leader, not a caretaker CEO like Tim Cook – May 4, 2016
Bob Lefsetz: Apple CEO Tim Cook needs to be replaced – May 3, 2016
Doug Kass: Apple’s Tim Cook is no Steve Jobs – May 3, 2016