Mikey Campbell
In a report released on Tuesday, the Wall Street Journal notes that Apple has seen a more streamlined operating structure with improved internal communication since Tim Cook took the helm as CEO in August, suggesting that he has already begun to effect change within the company.
Cook is described as a competent and organized manager who is already tweaking the structure of the world's most valuable tech company, including a restructuring of Apple's education division, making high-level promotions and being open to suggestions from employees. The changes have prompted one analyst to call Cook a contrast of late Apple co-founder Steve Jobs.
"Steve thought he had all the answers," said Toni Sacconaghi, a research analyst for Sanford Bernstein & Co. "I am not sure Tim thinks he has all the answers."
Despite the changes that Cook initiated, the CEO is not expected to completely overhaul the company as he "isn't a fan of reorganizations," said a person familiar with the matter.
Cook is also a strong believer in Apple's culture of product development and design, though his colleagues and friends say that he is "not a product guy," an observation also noted by Jobs in Walter Isaacson's recently published biography about the former Apple chief. In a briefing of a new service Cook asked an employee, "tell me again how this helps me sell more phones?"
Apple CEO Tim Cook speaks at Apple's Steve Jobs celebration
What Cook lacks in product knowledge he makes up for in a clear-minded and open approach to management, something that Jobs eschewed in place of gut intuition.
One of the first managerial moves Cook made in his first days as CEO was to mete responsibility to senior executives like vice president of worldwide product marketing Phil Schiller and sales executive John Brandon. Eddy Cue was also promoted to senior vice president of Internet software and services, a very visible position within the company.
Another corporate-level change is recently-announced charitable matching program that calls for Apple to match employee donations up to $10,000 per year, a change from the Jobs who was reportedly against giving money away.
Looking to the future of Apple, many investors are anticipating Cook will eventually focus on what the company will do with its $81.6 billion cash hoard. It was reported that Jobs was opposed to stock buybacks, but Cook said that he was "not religious about holding cash or not holding it," during the company's fourth quarter earnings call last month.
Some investment banks suggest that Apple could offer either dividends or stock buybacks, however the final decision would be up to the board of directors, of which Cook is a member.
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118 Comments
Here we go. Don't say you haven't been warned.
Toni Sacconaghi!? How embarrassing to quote a FAIL like him for an article.
he doesn't understand apple at all. They may as well ask the homeless woman in my hood what she thinks Cook will do or think.
Fukeeng JOKE.
WEll, lets give the man a chance. Probably Apple is doomed. but lets wait and see.
Here we go. Don't say you haven't been warned.
Remember iTroll, that Steve told Tim not to ask "What would Steve do?"
By saying so, Steve was telling Tim he had enough faith in him that he would keep the Apple ship moving on an upward trajectory based on what he knew he could do.
If Tim Cook is not a "product guy" then who is, now that Steve is gone? That's what concerns me the most, looking at the 10-year picture.