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Tag - Tim Cook
At a "Town Hall" meeting with employees following the company's Q1 earnings report, Apple CEO Tim Cook reportedly rejected the notion -- long favored by analysts -- that Apple needs a "pared down" and inexpensive iPhone model in order to attract buyers in developing or "emerging" markets like India. While most of the meeting dealt with a rehash of information given during the analyst call, some was concerned with employee matters like retention incentives, as well as saying the Apple TV and tvOS both have "bright" futures.
Is Tim Cook happy? If you listen to analysts and financial experts then no, as Apple is doomed, but in One More Thing's simple, homespun way, we think he might be. There is the small matter of Apple making some excellent products that we all love: it's got to be nice being the ones to make them. Then there's also the tiny matter of the extraordinary amount of profit and the sheer number of iPhones that have been sold since you started reading this.
Following a meeting by Apple CEO Tim Cook with the head of the antitrust investigation against Ireland on behalf of the European Commission, Apple's CFO has told London's Financial Times that should Ireland be found guilty of giving companies like Apple "special state aid," Apple should owe nothing in back taxes. The crux of remarks by Luca Maestri is that Apple did not receive any special deal from Ireland, but if Ireland illegally lowered its tax rate to benefit corporations, it is the state -- and not the companies that benefitted from the lower rate -- that should pay any penalties.
The "question and answer" section of today's Apple Investor call had CEO Tim Cook and CFO Luca Maestri fielding a variety of questions, including many outside the company's finances. Questions about the regional economic challenges affecting today's released figures were accompanied by queries ranging from the iPhone upgrade program to Android switchers, and even requests for Tim Cook's opinions on virtual reality.
Apple CEO Tim Cook has spent the past couple of days in Europe, where he met with the head of the European Commission's antitrust division as well as Pope Francis at the Vatican in a brief private meeting. On Thursday, Cook met with Margrethe Vestager, the antitrust chief, presumably to reiterate the company's innocence in the Irish tax scandal that could conceivably result in Apple owing billions in back taxes, despite the fact that Ireland's politicians appear to be the guilty party. Cook also met with some Italian developers as Apple opened a new development center in the country.
On the legal observance of the birthday of civil rights leader Martin Luther King Junior, Apple's homepage has been altered to a full-screen remembrance, alongside a quote from him that reads "Life's most persistent and urgent question is 'what are you doing for others?'". Apple CEO Tim Cook has often cited King as one of his biggest influences, and Cook speaks frequently about civil rights and justice for various minority classes.
It is spectacularly easy to regard politicians as idiots, but they are not. They are arguably too focused on party lines, and they are dangerously concentrated on only what is immediately popular, and what will keep them in power at elections. As much as we want to think they are, they're not idiots. So when Tim Cook told them this week that backdoors won't work, there are two things you can be sure of: they already knew that, and it's election season.
The White House has reportedly come under fire from Apple CEO Tim Cook, accusing it of failing to provide leadership in the ongoing debate over device security and encryption. Speaking to Obama administration officials who talked to leaders in the tech industry in San Jose last week, Cook is said to have asked for the administration to issue a statement that defends the use of strong or unbreakable encryption to protect user data.
According to documents filed with the federal Securities and Exchange Commission, Apple CEO Tim Cook earned $10.3 million, which was actually less than most of the other members of Apple's executive team. Cook received his $2 million annual salary, performance bonuses totaling $8 million, and "other"compensation of around $280,000, which may be related to travel and security expenses. The total is approximately $1 million more than he was compensated in 2014, but revenue for the company grew its revenue by $50 billion and net income by $15 billion over the course of fiscal 2015.
On the heels of Apple CEO Tim Cook's spirited defense of the general tech industry (and Apple-specific) trend of encrypting many types of user data on the television newsmagazine show "60 Minutes," a Republican senator again attempted to claim that encryption creates a haven for "child pornographers, drug traffickers, and terrorists alike." Senator Tom Cotton (R-Arkansas) accused the tech industry generally of resisting calls from authorities such as FBI Director James Comey for them to provide "backdoors" in their security that law enforcement can exploit.