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Economy
In reply to the discussion: Weekend Economists Examine the Root of All Evil: February 28-March 2, 2014 [View all]xchrom
(108,903 posts)23. Tim Cook Erupts After Shareholder Asks Him To Focus Only On Profit
http://www.businessinsider.com/tim-cook-versus-a-conservative-think-tank-2014-2
***SNIP
The Mac Observer's Bryan Chaffin reports that the representative asked just two questions. The first, whether Apple's investments in green energy was only worth it because of government subsidies, was passed over by Cook.
The second, in which the representative asked Cook to commit on the spot to only making moves that were profitable for the company, drew the most intense comeback we've heard from the executive. Chaffin writes:
"When we work on making our devices accessible by the blind," he said, "I don't consider the bloody ROI." He said that the same thing about environmental issues, worker safety, and other areas where Apple is a leader.
As evidenced by the use of "bloody" in his responsethe closest thing to public profanity I've ever seen from Mr. Cookit was clear that he was quite angry. His body English changed, his face contracted, and he spoke in rapid fire sentences compared to the usual metered and controlled way he speaks.
He didn't stop there, however, as he looked directly at the NCPPR representative and said, "If you want me to do things only for ROI reasons, you should get out of this stock."
That didn't go over too well at the NCPPR. In a press release titled "Tim Cook to Apple Investors: Drop Dead," the organization quotes Justin Danhof, director of the think tank's Free Enterprise Project, claiming that Apple is under the control of an "Al gore [sic] contingency":
Danhof went on to ask if Cook was willing to amend Apple's corporate documents to indicate that the company would not pursue environmental initiatives that have some sort of reasonable return on investment similar to the concession the National Center recently received from General Electric. This question was greeted by boos and hisses from the Al gore contingency in the room.
Read more: http://www.businessinsider.com/tim-cook-versus-a-conservative-think-tank-2014-2#ixzz2uiaQ1Y9M
***SNIP
The Mac Observer's Bryan Chaffin reports that the representative asked just two questions. The first, whether Apple's investments in green energy was only worth it because of government subsidies, was passed over by Cook.
The second, in which the representative asked Cook to commit on the spot to only making moves that were profitable for the company, drew the most intense comeback we've heard from the executive. Chaffin writes:
"When we work on making our devices accessible by the blind," he said, "I don't consider the bloody ROI." He said that the same thing about environmental issues, worker safety, and other areas where Apple is a leader.
As evidenced by the use of "bloody" in his responsethe closest thing to public profanity I've ever seen from Mr. Cookit was clear that he was quite angry. His body English changed, his face contracted, and he spoke in rapid fire sentences compared to the usual metered and controlled way he speaks.
He didn't stop there, however, as he looked directly at the NCPPR representative and said, "If you want me to do things only for ROI reasons, you should get out of this stock."
That didn't go over too well at the NCPPR. In a press release titled "Tim Cook to Apple Investors: Drop Dead," the organization quotes Justin Danhof, director of the think tank's Free Enterprise Project, claiming that Apple is under the control of an "Al gore [sic] contingency":
Danhof went on to ask if Cook was willing to amend Apple's corporate documents to indicate that the company would not pursue environmental initiatives that have some sort of reasonable return on investment similar to the concession the National Center recently received from General Electric. This question was greeted by boos and hisses from the Al gore contingency in the room.
Read more: http://www.businessinsider.com/tim-cook-versus-a-conservative-think-tank-2014-2#ixzz2uiaQ1Y9M
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