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No, I didn't. I said execs are replaceable...and they are. If you replace Tim Cook with a ham sandwich, it will make no difference to AAPL at all. It is very ra
by hogFeast 5y ago
No, I didn't. I said execs are replaceable...and they are. If you replace Tim Cook with a ham sandwich, it will make no difference to AAPL at all. It is very rare (I have never seen it) where the SP will fall because of a CEO leaving, it is more common for it to rise when a CEO leaves.
Again, it is important to realise too...there are probably no other CEOs that have made as much as Tim Cook. Even amongst execs, he is wildly wildly wildly overpaid. Corporate governance at AAPL is basically non-existent.
- robocat 5y agoI would presume that the board know what they are doing: hogFeast why do you presume you are better informed and can make a better decision than they can? The obvious relevant example of replacing a CEO with a ham sandwich is John Sculley, which the organisation probably still has some fear about. The other relevant example is Paul Allen, a lost decade for Microsoft.