Apple CEO Tim Cook is giving up $75 million in dividends on restricted stock that the company is awarding to all of its employees.
In a filing with the Securities and Exchange Commission last week, Apple said that Cook requested that his restricted stock units not receive dividends.
Tim, you’re a brave man.
But most importantly, Gallo said, it’s evident that Cook cares deeply about Apple.
“You can’t teach passion. Every great communicator is abundantly passionate about —not necessarily the product— but what the product means to society. And that is an attitude that pervades Apple’s executive office, and it starts with Tim Cook,” he said.
Tim Cook was running the day to day stuff around Apple as much or even more than Steve was in the last few years. He is a very intelligent and capable person. I would like to know what he has to do for people to stop this nonsense. He is not, can not, and will not be Steve Jobs, no one can. Comparisons like these are never fair.
Apple sold 11.8 million iPads during the quarter, more than double the number it sold last year. Tim Cook, Apple’s chief executive, helped put this in perspective during the company’s earnings call.
“Just two years after we shipped the initial iPad, we sold 67 million,” he said. “It took us 24 years to sell that many Macs, and five years for that many iPods, and over three years for that many iPhones.” [NY Times]
I remember when the original iPad came out and people mocked it saying that it was just a “Big iPhone”. Well, how do you like your “Big iPhones” now?
Via Daring Fireball
When asked by Richard Gardner of Citigroup whether Apple will eventually converge its iPad and MacBook Air products into a single computing device combining the portability of a tablet with the functionality of a keyboard and full desktop operating system, Cook dismissed the idea as poorly conceived.
Cook quipped “you can converge a toaster and a refrigerator, but you know, those things are probably not going to be pleasing to the user.”
Best quote by Tim Cook so far, genius.