Apple’s Tim Cook Named on List of World’s 50 Greatest Leaders
Apple (NASDAQ:AAPL) CEO Tim Cook was named on a list of the world’s greatest leaders that was recently compiled by Fortune magazine. Fortune’s list encompassed everyone from religious leaders to business executives. According to the magazine, the list only included “men and women who will inspire you — some famous, others little known, all of them energizing their followers and making the world better.”
Cook was ranked 33rd on the list, one of the highest rankings for a CEO of a tech company. Only Amazon (NASDAQ:AMZN) CEO Jeff Bezos outranked Cook, with his tenth-place spot on Fortune’s list. Pope Francis, the spiritual leader of the Roman Catholic Church, took the No. 1 spot on Fortune’s world’s greatest leaders list.
“Following Steve Jobs has arguably been the toughest corporate leadership assignment in decades, yet Cook has carried it off with mostly quiet aplomb,” wrote Fortune editor-at-large Geoff Colvin. “In 2½ years he has kept the parade of winning new products marching (the Retina display, new operating systems, the iPhone 5), and he is bringing in Burberry’s savior, Angela Ahrendts, to run Apple’s retail stores. That’s thinking different.”
Cook took the reins at Apple following Jobs’s resignation in 2011. Jobs was widely hailed as a visionary who oversaw the development of Apple’s highly successful iPhone and iPad products during the company’s years of rapid growth, and some industry watchers have questioned Cook’s ability to keep the company’s innovative momentum going. However, some former Apple employees have praised Cook for bringing a welcome stability to the company’s corporate culture.
“It is not as crazy as it used to be. It is not as draconian,” said former Apple employee Beth Fox to Reuters. “[Apple employees] like Tim. They tend to err on the optimistic side.”
Despite the accusations that Apple is less innovative today than it was under Jobs, Cook has repeatedly promised that the company would reveal multiple new categories of products this year. “There will be new categories,” Cook told the Wall Street Journal last month. “We’re not ready to talk about it, but we’re working on some really great stuff.”
Several analysts have predicted that Apple will unveil an iWatch with health-monitoring capabilities in 2014. Other industry watchers believe Apple is planning to unveil a new Apple TV product with new types of content and the ability to download or stream video games.
Since Cook took the head position at Apple more than two years ago, the company has seen its stock price climb above $700 and fall below $400. Apple closed down 0.48 percent, or $2.56, on Thursday, at $528.70.
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