Tim Cook’s revised stock deal cost him $4M this year

Photo: mashable.com

Photo: mashable.com

ComputerWorld noted that Apple’s SEC filing on Friday revealed that Tim Cook lost out on $4M worth of stock as a result of his request to the board in August to revise his compensation arrangements to a deal he felt was fairer to shareholders.

Earlier this year Apple’s board revised Cook’s vesting schedule at his urging. Rather than the two monster stock handouts — which only relied on his continued employment — Cook asked that they be spread out over a 10-year period and tied to the company’s stock performance …  Read more

Cook tells employees Apple ‘has never been stronger,’ plans to address company tomorrow

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Following Apple’s earnings results for Q4 2013, which includes a record iPhone sales number for the September quarter, Apple CEO Tim Cook has emailed employees to congratulate them on the results. Cook says that Apple “has never been stronger,” and highlights the products being released this fall. “I am happy to report that Apple’s business has never been stronger, and we are heading into the holidays within amazing lineup led by the new iPhone 5s, iPhone 5c, the stunning iPad Air and iPad mini with Retina display,” Cook says in the memo…

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Tim Cook talks hiring of Angela Ahrendts as Retail chief, says she is ‘best person in the world for this role’

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Last night, Apple announced that it had finally found a new Head of Retail: Burberry CEO Angela Ahrendts. Ahrendts has been CEO of the fashion retailer for several years, leading the company through substantial growth in international markets. With that global growth experience and focus on high-end products, she seems like a natural fit to succeed in a role that has been so controversial over the past couple of years.

And Apple CEO Tim Cook seems to agree. The Apple chief executive took the time to keep his employees in the loop regarding the hiring process. Cook sent a company-wide memo this morning that discusses how he found Ahrendts and how she will fit into the Apple culture. While Ahrendts will be running Apple’s physical retail stores, she will also run Apple’s online stores. This is the first time in which the Retail Head’s domain covered both offline and online sales…

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SEC finds Apple didn’t create “the Holy Grail of tax avoidance” after all

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A four-month long investigation into Apple’s tax affairs by the Securities and Exchange Commission has cleared the company of any wrong-doing in regard to the way the company accounted for taxes in respect of its overseas operations.

A Senate Permanent Subcommittee on Investigations hearing into Apple’s tax affairs had previously accused the company of seeking “the Holy Grail of tax avoidance” over cash held overseas. The hearing proved anti-climatic, with no wrong-doing established, and the investigation handed off to the SEC. The SEC has now closed the case.

Tim Cook made an unequivocal statement during the Senate hearing that Apple used no tax gimmicks …  Read more

Apple CEO Tim Cook joins Twitter, waxes on visiting Apple Stores today

Tim CookOther Apple executives have been on Twitter for a while, and today CEO Tim Cook sent out his first tweet mentioning that he visited retail stores in Palo Alto for the retail launch of the iPhone 5s and 5c. Cook has been a member of Twitter since July, but his account is not yet verified by Twitter. Apple marketing chief Philip Schiller retweeted Cook’s tweet earlier today proving that the account is indeed run by the Apple CEO.

Earlier today Cook, along with Apple executives Phil Schiller and Eddie Cue, made an appearance at Apple’s Palo Alto retail store in California to greet customers that queued up for the launch of the new iPhones today.

Apple Marketing SVP Phil Schiller sometimes tweets about issues related to the company. For example, back in March Schiller tweeted the words “Be safe out there” along with a link to a study showing a much higher number of security threats on Android compared to iOS. Read more

Apple to live webcast Tim Cook’s Goldman Sachs technology conference presentation Feb. 12

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Apple announced today on its Investor News page that CEO Tim Cook, like in previous years, is scheduled once again to speak at the upcoming Goldman Sachs Technology and Internet Conference. Apple will make a live webcast available for anyone who wants to listen to live-streaming audio from the conference call. Cook’s talk is scheduled for 7:15 a.m. PST on Feb. 12 and will be available to stream from Apple’s website.

If you miss the live broadcast, Apple will most likely post audio of Cook’s full talk after the event as it did last year. You can listen to Cook’s presentation from the 2012 Goldman Sachs conference here.

Tim Cook congratulates employees on another record quarter, to hold Town Hall Q&A

Tim-Cook-07Following reporting what CEO Tim Cook referred to as another record-setting quarter, today the Apple executive sent out an email to employees congratulating the team. Within the email, Cook thanked employees for their “incredible hard work and focus” and highlighted that the company sold over 75 million iOS devices during the quarter.

Like last year, when Apple held a Town Hall meeting following its Q1 results near a windshield repair Sugar Land TX company, Cook is asking employees to attend an employee communications meeting scheduled for today at 10 a.m. Pacific time. The email sent out last night following Apple’s earnings results conference call, and it noted that employees would be able to submit questions via AppleWeb in advance.

Apple will also broadcast the meeting live throughout Cupertino and other Apple locations. Cook’s full email is below:

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Apple’s Tim Cook takes TV project from hobby to ‘intense area of interest,’ says the industry is 20- to 30 years behind

Tim Cook NBC interviewApple CEO Tim Cook’s much hyped NBC interview is set to air tonight at 10 p.m. EST, but we are already learning much of what will be discussed during the conversation that took place in, among other places, Apple’s Grand Central retail store location in New York. Earlier today, a profile from Bloomberg revealed Cook’s plans to bring at least some production of the Mac back to the United States in 2013, but he also hinted that the company has big plans for a next-generation Apple TV product. According to a preview of the interview on NBC’s website, Cook referred to the project as an “intense area of interest”—opposed to the “hobby” that the company has considered the product since its inception:

“When I go into my living room and turn on the TV, I feel like I have gone backwards in time by 20 to 30 years,” Cook told Williams. “It’s an area of intense interest. I can’t say more than that.”

Video/Gallery: Apple CEO Tim Cook seen giving interview/tour at Apple Store Grand Central with NBC anchor Brian Williams, airing Dec. 6

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Apple CEO Tim Cook was spotted at the company’s massive Grand Central store this afternoon, giving an interview with NBC anchor Brian Williams. The U.S. network is doing a piece on Apple and shopping at its stores during the holidays. Additionally, Cook was seen checking out the store and showing off the iPhone 5 and iPad mini. Apple’s Grand Central store opened to the public in December 2011, and it is considered a flagship for the company.

The program is set to air Dec. 6—per the tweet, press release, and video embedded below.

Via: TVNewser
Source: Instagram, Twitter

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Following earnings call, AAPL drops below 600 for the first time since July

Less than 24 hours after releasing its fourth-quarter earnings results, Apple stock has now dropped below $600 for the first time since July. Apple reported Q4 earnings slightly higher than the analysts expected (apart from iPad sales, with 14 million units sold coming in lower than most estimates). Apple posted $8.2 billion in net profit with $36 million in revenue and diluted earnings per share of $8.67. That compares to an average of about 15.5 million iPads, earnings per share of $8.75, and $35.51 billion in revenue expected by the analysts.

During Apple’s Q4 results conference call yesterday, Apple CEO Tim Cook answered questions about iPhone 5 supply and demand and shortages going forward. According to Cook, production is increasing but the company is still in a “significant state of backlog.” He confirmed Apple still plans to roll out the device to 100 countries by the end of the year. This morning—the iPad mini, and fourth-generation iPad, officially went up for pre-order. Shortly after, Apple sold out of some models and pushed back shipping times.

Cook remained confident that component shortages would not hold back iPhone and iPad sales, stating he is “pleased with the current volume of output.” He did, however, warn about significant iMac delays headed into the holidays:

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Apple CEO Tim Cook on Microsoft Surface: ‘a car that flies and floats?’

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At Apple’s Q4 earnings call today, Apple CEO Tim Cook was asked his thoughts on Microsoft’s new Surface tablet PC. Cook called it “a fairly compromised, confusing product,” and he compared it to a car that flies and floats:

 “I haven’t personally played with a Surface yet… what we’re reading about it is… it’s a fairly compromised, confusing product… the toughest thing you do with a product is make hard trade offs.. we’ve really done that with the iPad.. the user experience is absolutely incredible… i suppose you could design a car that flies and floats, but i don’t think it would do all of those things well.. i think when people look at the iPad over competitive offerings they are going to really want an iPad

Cook also noted that iPhone 5 is still seeing delays but supplies are getting better: Read more

Apple remembers Steve Jobs on anniversary of his passing

Tim Cook just posted the above letter on Apple’s website to reminisce and pay homage to the company’s late cofounder, Steve Jobs.

Today is the one-year anniversary of Jobs’ passing, so Apple updated its homepage early this morning with a video montage to remember his life and death. The nearly two-minute video presents a slideshow of Jobs throughout his career and it softly ends with “Remembering Steve”.

Apple unveiled the iPhone 4S on Oct. 4, 2011, but one seat left open for Jobs at the packed event notably sat empty. The next day, Jobs died. After he passed, at just 56 years old, news of his death flooded the Internet, TV, newspapers, and homes. Millions of people immediately emailed Apple, and the company subsequently created a “Remembering Steve” page to display a massive compilation of condolences that poured in from around the world.

The tribute letter from Apple’s current CEO appears upon completion of the “Remembering Steve” video. In the message, Cook describes Jobs’ death as a “sad and difficult time”. The executive hopes, however, that everyone will “reflect on [Jobs'] extraordinary life and the many ways he made the world a better place.” A screenshot of Cook’s entire letter is above, while a text version is available after the break.

Apple has become the most valuable company in the world during the last year, and it is hard not to give respect to the man whose imagination and innovation helped push the company to record-breaking heights.

A slight variation of the above went to employees in a company email:

Team,  

Steve's passing one year ago today was a sad and difficult time for all of us. I hope that today everyone will reflect on his extraordinary life and the many ways he made the world a better place.    As you and I know firsthand, one of the greatest gifts Steve gave to the world is Apple. No company has ever inspired such creativity or set such high standards for itself. Our values originated from Steve and his spirit will forever be the foundation of Apple. We share the great privilege and responsibility of carrying his legacy into the future.  I'm incredibly proud of the work we are doing, delivering products that our customers love and dreaming up new ones that will delight them down the road. Thank you for dedicating your talents and so much of your lives to Apple. It's a wonderful tribute to Steve's memory and everything he stood for.  

Tim

The video and screenshot gallery of the homepage is below: Read more