What is it you imagine the CEO of a $100,000,000,000 global company does all day?
Do you picture him sitting around sipping coffee while he watches CNBC and reads this forum?
I keep seeing posts saying that Cook is "sitting around doing nothing." Somehow I doubt that.
I think if you could peak at Tim Cook's "iCal" you would find it quite full with things required to run one of the largest and most successful companies in the world. I mean, how many time has he been to China in the last year? He deals with governments, Foxxconn, the Courts around the world, his designers and engineers, their manufacturing operations, their supply chain, their retail distribution system, etc. Any of these things is a full time jobs for a company one-tenth Apple's size.
What he is NOT doing is waste his time chasing down rumor and speculation spouted by morons who are going to speculate and foment rumors anyway in order to try to make a quick buck.
Stop making excuses for poor management.
If he is not noticing the price drop why did he say " him & management doesn't like it"?
He should not have allowed the stock to take 40% haircut because that can make his job more difficult and may even erode confidence in products and image.
Ask JCP CEO how that feels.
My thinking is maybe apple deliberately want to lower their price for cheap buyback or else they are mismanaging the company.
maybe so, but what ARE they doing over there. 2 years between phones and what do you get, a map app that they have to apologize for? 100 billion dollars, no debt, and the best engineers in the world and only a small handful of products to think about, and that is what they come up with? you guys need to wake up.
Actually I'm impressed by him having the guts to ignore "wallstreet pundits" Who the hell is running the company...activists who want a quick payday or someone who cares about the company long ter. 2 years from now everyone will be praising Tim Cook.
Sentiment: Strong Buy
I would agree however to not defend your company your shareholders or so much as present a concrete vision is not only arrogant beyond words, it also implies that he doesn't grasp the full realm of all his duties. Again I challenge anyone to name one CEO that ALLOWED a $250 billion drop in market capitalization while having one of ,if not the largest, cash hoards in modern history.
I guarantee he the board will have to bring someone in
It's a Pyrrhic victory if he continue sto let wall street/banksters hijack their stock and piledrive it down to trading 1X cash. Just take the company private if you wont protect your shareholders. Maybe he's forgetting AAPL is a PUBLIC company. Part of his job is managing the shareholders.