Apple CEO Tim Cook Stepping Down, John Ternus Taking Over
www.macrumors.com
Apple CEO Tim Cook is stepping down as Apple's chief executive officer, and hardware engineering chief John Ternus is set to take over, Apple announced today. Cook will continue on as Apple CEO through the summer, with Ternus set to join Apple's Board of Directors and take over as CEO on September 1, 2026. Cook is going to transition to executive chairman, and he will "assist with certain aspects of the company, including engaging with policymakers around the world".
  • blitzen@lemmy.caEnglish
    1·
    17 hours ago

    And their stock would plummet. The stock market is irrational, and is heavily invested in AAPL.

    I would love it, but the board/shareholders would oust any CEO who took that path.

    • SCmSTREnglish
      3·
      16 hours ago

      It might take a dip, but if people responded very positively, maybe Apple could benefit from taking some risk on morally good things. Imagine if stockholders saw that. Apple stock would explode.

      • blitzen@lemmy.caEnglish
        1·
        15 hours ago

        Have you paid attention to the stock market? It absolutely wouldn’t respond like that.

        I mean, I wish it would react like you suggest, but I’m not optimistic enough to believe that it would.