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He leads a company that some would consider the epitome of ruthless global capitalism. But Apple chief executive Tim Cook has shocked some in the US with an impassioned attack on the single-minded pursuit of profit – and a direct appeal to climate-change deniers not to buy shares in his firm.
Eyewitnesses said Cook, who succeeded Steve Jobs as boss of the technology giant in 2011, was visibly angry as he took on a group of right-wing investors during a question-and-answer session at a shareholders’ meeting.
Responding to calls from the National Centre for Public Policy Research (NCPPR), a conservative think tank and investor, for Apple to refrain from putting money in green energy projects that were not profitable, he shot back that Apple did “a lot of things for reasons besides profit motive”. The chief executive added: “We want to leave the world better than we found it.”
Apple's Tim Cook: Business isn
The word "just" (Which is absent from the quote but present in the title) is really important here.Well, that's what shareholders want to hear....Your investment isn't about making a profit
The word "just" (Which is absent from the quote but
present in the title) is really important here.
LOL !!
Its real easy to push that "profit isn't all that matters " rhetoric when your stock is proced at 524.00 bucks a share.
Well, that's what shareholders want to hear....Your investment isn't about making a profit....So, I wonder now how long before Apple becomes yet another 'used to be' on the trash heap of good companies ran into the ground by poor businessmen with stupid ideas?
Right wings get absolutely irate when you suggest profit isn't the only motivation to do anything. :lamo
Although if profit isn't the only motivation, why do their computers have the hardware marked up 200%?
i should also point out that thinking "green energy isn't profitable" is a short sighted idea.
Context Duece. This guy's number one duty in his job is, you guessed it, making a profit for the shareholders. Of course shareholders would be irate, he just admitted he's not doing his job and further admits he's throwing the company's money away.
They have the insane markup they have because they have been proprietary from the beginning and they can charge whatever they want. It helps make up for their historic lack in market share.
And Cook, who has plenty of his own money is more than welcome to throw his money away on these projects.
I would suggest that the vast majority of those shareholders are satisfied.
Not the bar he has to meet where it comes to his legal and fuduciary duty. But I will note soot's post, which if accurate let's him off malfeasance charges (don't know if the quotes are what Cook actually said or the article author's take on it).
If this was up for shareholder vote and the one side lost only to further complain about it now, that is not Cook's fault.
Well, that's what shareholders want to hear....Your investment isn't about making a profit....So, I wonder now how long before Apple becomes yet another 'used to be' on the trash heap of good companies ran into the ground by poor businessmen with stupid ideas?
I'm going to go ahead and suggest that Cook knows how to make a profit better than this writer, or you. Image is a big part of how Apple gets away with their prices. An image targeting the liberal hippie college students.
If you are a shareholder, go ahead and press charges. See if you can convince any judge or jury on the planet that freaking Apple isn't profitable enough.
Try to at least read the posts you're responding to.
That said, even though you're responding to something I did not say, you still get it wrong. Doesn't matter what this writer or myself could do in terms of making a profit. If Cook said what the author of the OP said he did, he's derelict in HIS duty. However, as I noted soot posted more about the incident. If the author of soot's article is correct, what Cook actually said was materially different than what the OP article claims.
No, it wouldn't be. Isn't just about making a profit. Had he said "Isn't about making a profit," you might have an argument.
Well, that's what shareholders want to hear....Your investment isn't about making a profit....So, I wonder now how long before Apple becomes yet another 'used to be' on the trash heap of good companies ran into the ground by poor businessmen with stupid ideas?
The CEOs PRIMARY duty is to make a profit. But once again, see soot's post, it shows what he did say and shows the context, and it is materially different than what the OP portrays.
Context Duece. This guy's number one duty in his job is, you guessed it, making a profit for the shareholders. Of course shareholders would be irate, he just admitted he's not doing his job and further admits he's throwing the company's money away.
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