Tim Cook

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Apple Sitting on Extraordinary Pile of Cash

As in, it holds 10% of all corporate cash out there

(Newser) - Apple CEO Tim Cook had dinner with billionaire investor Carl Icahn last night, and Icahn gave him an earful: He says he "pushed hard" for a $150 billion buyback for shareholders, reports Bloomberg . And as a new Moody's analysis shows, the company is sitting on an enormous cash...

Icahn Drives Apple Stock 5% With a Single Tweet

Now Carl Icahn is pushing for a $150 billion buyback

(Newser) - "We currently have a large position in APPLE," activist investor Carl Icahn tweeted yesterday. "We believe the company to be extremely undervalued. Spoke to Tim Cook today. More to come." That was enough to send Apple stocks soaring up 5%, closing yesterday at $489.57. But...

Apple Applies for 'iWatch' Trademark

Application was submitted June 3 in Japan

(Newser) - Rumors about an "iWatch" have been floating for a while now , and Apple applied for a "smartwatch" patent in February. Today, even more confirmation that the device is coming: Apple applied for an "iWatch" trademark in Japan, a patent official tells Reuters . The trademark application was submitted...

Sorry, Foxconn: Apple's Dating Other Manufacturers

Foxconn's getting expensive as it improves labor conditions

(Newser) - Apple isn't exactly breaking up with Foxconn, its longtime controversial manufacturing partner. But after seeing the production glitches that plagued the iPhone 5, it's decided to have an open relationship. Tim Cook has been shifting more and more work from Foxconn to the relatively obscure Pegatron Corp, the...

Cook: New Apple Game-Changers Are on Deck

He hints at a move into wearable electronics

(Newser) - Apple hasn't been having such a great year but CEO Tim Cook says the company will continue to come up with new innovations—in the field of consumer electronics, not tax-dodging . Speaking at the All Things Digital conference, Cook says Apple will release "several more game-changers" and signaled...

Apple Case Cinches It: We Need Tax Reform Now
Apple Case Clinches It:
We Need Tax Reform Now
OPINION
May 22, 2013 1:52 PM CDT

Apple Case Clinches It: We Need Tax Reform Now

Don't blame the company, blame the tax code, say critics

(Newser) - So what can we take away from Apple chief Tim Cook's testimony on Capitol Hill yesterday about the company's byzantine tax strategy ? Not that Apple did anything illegal, only that it's savvy enough to employ "smart accountants and tax lawyers," says the editorial board...

Apple's 'Offshore' Billions? They're in Manhattan

Has $102B in 'overseas' profits right here, and the IRS can't touch it

(Newser) - Tim Cook went before the Senate yesterday, answering accusations that Apple is keeping billions from the IRS' clutches by holding it in overseas subsidiaries. Only that money isn't actually overseas, the New York Times reports—its $102 billion in offshore profits is managed by a subsidiary based in Nevada...

Apple CEO on Tax Shelters: 'I'm Not an Unfair Person'

Defends practices, company's contributions to US economy

(Newser) - Tim Cook is on Capitol Hill today to answer criticism that Apple uses overly creative—but legal—accounting practices to avoid paying billions in taxes . The highlights amount to Cook defending the company's practices, while critics such as Carl Levin and John McCain accuse it of shirking its tax...

Winning Bid for Coffee With Tim Cook: $610K

Apple CEO will spend up to an hour with lucky bidder

(Newser) - Someone just paid $610,000 to have coffee with Tim Cook sometime in the next year. A charity auction for up to one hour with the Apple CEO closed yesterday, and the winning bid was quite a bit higher than Charitybuzz's suggested value of $50,000, NPR reports. The...

Cup of Coffee With Tim Cook: Just $180K

Charity site auctions chance to chat with Apple CEO

(Newser) - Would you spend $180,000 for a half-hour with Tim Cook? If so, you're not alone: That's how high the auction price stands for coffee with the Apple CEO. The site charitybuzz is auctioning off the coffee date of 30- to 60-minutes to benefit the RFK Center for...

Apple Giving $100B to Shareholders

Profit falls 18% but beats analysts' estimates

(Newser) - Apple is opening the doors to its bank vault, saying it will distribute $100 billion in cash to its shareholders by the end of 2015. The news came as the company released its fiscal second-quarter earnings after the stock market closed. Results beat analysts' estimates, though Apple posted its first...

Is Apple Going to Ax Cook?

 Is Apple Going to Ax Cook? 
Rumor Mill
Apr 22, 2013 10:44 AM CDT

Is Apple Going to Ax Cook?

Rumor has it CEO's days are numbered; is that a good thing?

(Newser) - Are Tim Cook's days at Apple numbered? The gadget giant is secretly headhunting for a new CEO, anonymous "Wall Street sources" tell Gene Marcial at Forbes , though Marcial cautions that there's "yet no available evidence" to back the claim up. Even if the rumor is false,...

Apple to China Consumers: Sorry if We're 'Arrogant'

Tim Cook apologizes despite signs criticism was all hoopla

(Newser) - Apple issued an apology to Chinese consumers today after government media attacked its repair policies for two weeks in a campaign that reeked of economic nationalism. A statement Apple posted in Chinese on its website today said the complaints had prompted "deep reflection" and persuaded the company of the...

Employees Say the Top CEO in America Is ...

Mark Zuckerberg wins poll, tying with SAP's co-CEOs

(Newser) - Mark Zuckerberg may not be able to keep his investors happy , but those inside Facebook still love him. Zuckerberg just topped Glassdoor's latest list of the 50 highest-rated CEOs in the country, with a 99% approval rating from Facebook employees, reports PC Mag . Not surprisingly, Facebook employees also voted...

Apple Is Like a Failing Religion
 Apple Is Like a Failing Religion 
OPINION
Feb 13, 2013 1:57 PM CST

Apple Is Like a Failing Religion

And Tim Cook isn't infallible, Heidi Moore argues

(Newser) - Tim Cook had a difficult job to do at yesterday's Goldman Sachs conference. It would be hard for any CEO to explain why a company's share price has lost a third of its value in six months. But Cook "is not just any CEO," points out...

SOTU Guests: Ted Nugent, Mohawk Guy

A look at who will be attending tonight's State of the Union address

(Newser) - Who will be sitting in the audience when President Obama gives his State of the Union address tonight? Well, not everyone will be a fan:
  • Ted Nugent will be there as a guest of Rep. Steve Stockman, Talking Points Memo reports. Nugent wants to "counter the scams and lies
...

Today's Huge Tech News: Apple's Earnings

Barclays analyst calls Apple's post-report call 'most important ... in years'

(Newser) - A dark cloud is hovering over Apple's collective head: Analysts expect today's earnings report, to be released after the closing bell, to show the company's first drop in profits since 2003. Their estimates, as reported by Bloomberg and the Los Angeles Times , peg the fiscal Q1 net...

Apple May Unveil Cheaper iPhone This Year

Wall Street Journal says long-held plans are advancing

(Newser) - Apple is working on a less-expensive iPhone that could be out later this year, reports the Wall Street Journal . The report doesn't say how cheap it might be, only that Apple would bring down costs by making the body out of plastic instead of aluminum and using more recycled...

Tim Cook&#39;s Salary Jumps 51%



 Tim Cook's Salary 
 Jumps 51% 
Dec 27, 2012 9:39 AM CST

Tim Cook's Salary Jumps 51%

... But pay remains well shy of massive 2011 figure

(Newser) - On paper, Tim Cook's total pay fell by around $374 million this year—even though his salary jumped 51%. According to a new regulatory filing, Cook's total compensation for 2012 is valued at $4.17 million, Bloomberg reports. That may not sound like much next to the $378...

Apple TV Rumors Heat Up
 Apple TV Rumors Heat Up 
Dec 12, 2012 3:26 PM CST

Apple TV Rumors Heat Up

Insiders say the company will make hi-res, big-screen sets

(Newser) - An Apple TV set is getting closer to reality, reports the Wall Street Journal . Execs at some of Apple's suppliers say the company is in the early stages of testing prototypes for hi-res, big-screen TVs. Apple CEO Tim Cook recently said the concept of an Apple television is no...

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