Why Tim Cook:
• Insider
(Lorsch). Cook being described as “groomed” by Jobs. According to the Future of
Boards, Insiders fare better as CEOs because they know the business, than
outsiders (20% better score on average).
• Cook
served as COO of Intelligent Electronics; 12 years as senior exec at IBM, VP at
Compaq
• Apple:
hired in 1998, numerous senior positions including senior VP for worldwide
operations. His mandate was to clean up the atrocious state of Apple's
manufacturing, distribution, and supply apparatus. Cook is credited with
pulling Apple out of manufacturing by closing factories and warehouses around
the world.
• This
helped the company reduce "inventory
levels and streamline its supply chain to reach high
efficiency, dramatically increasing margins. These initiatives
have proven key to Apple's success in unveiling next-generation products,
keeping them secret until they are ready for distribution to retail,
forecasting demand and executing against that forecast. Cook has been quoted as
saying "You kind of want to manage it like you're in the dairy business.
If it gets past its freshness date, you have a problem."
• In
January 2007, Cook was promoted to COO, NIKE and NFL.
• Remuneration:
In early 2012, he was awarded compensation of 1 million shares, vesting in 2016
and 2021, by Apple's Board of Directors.[5] As of 2012, Cook's total
compensation package of US$378 million makes him the highest paid CEO in the
world
Was the only person who dared to challenge Steve’s
ideologies (could essentially have played a part in the creation of iPod,
iPhone, iPad. Challenging ideas stimulates creativity)
Oversaw the release of the iPhone 5 (best debut sales of all
predecessors)
• In
the tradition of Jobs? ‘Benevolent Dictator’
Word Count: 276
Word Count: 276
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