We all are familiar with the world’s top tech giant Apple Inc. Each leading and top company today was initially started at a small place with a small numbers of team member with an aim ti create it the country’s and world’s largest and leading company ever.
We all have witnessed the success of Apple Inc, how the company has been created from the inception to the world’s largest tech company with a market cap of $ 2752.87 billion.
Though the founder of the company not always operate or holds the company as a key promoters as the legacy continues from one to another. But the future legacy continue with the aim of its founders.
Apple has found the one who have commited to make the company world’s largest tech giant, Tim Cook.
Tim Cook has been the CEO of Apple Inc since 2011. Under his leadership Apple has created a value in the eye of customers and expanded its operation at large scale in different parts of the world.
To know more about Apple Inc, its marketing tactics, and unknown facts checkout our other articles on Apple.
This article will let you know the story of the great CEO of the great tech company Apple, Tim Cook.
Tim Cook
Cook was born in 1960 in Alabama, USA. He completed his education from Auburn University and MBA from Duke University in 1988. Cook completed his graduation in 1982 in Industrial Engineering. Tim joined Apple in 1998 and served as a CEO of the company since 2011.
Tim, As a CEO
Cook joined Apple Inc in 1998 as a Senior Vice President.. In just 12-13 years at Apple Inc, in 2011 Cook secured the position as a CEO of the world’s largest tech company Apple Inc. Since 2011, Cook has been serving Apple as a CEO and has become one of the most successful CEOs in the world. Before serving as CEO, Cook has also served as a COO of Apple under Co -founder Steve Jobs, leadership.
Early Life of Cook
Before working at Apple he served and worked for 12 years at IBM, After 12 years at IBM, an American MNC technology corporation. Cook has started serving as an executive at Intelligent Electronics and Compaq as a Vice President of Corporate Material .Later on Tim joined Apple Inc. Tim has also served on the board of Nike.
Life of Tim at Apple
Tim as a CEO and COO has brought many significant changes to the working of Apple Inc. Tim has closed the factories and warehouses of the company and replaced them with a contract manufacturer. This helped the company to reduce their inventory which resulted in reduction of storage cost to some extent. This action of Tim brings a heavy cost saving and huge profits.
After 9 years of working, he was promoted to lead operations in 2007. Later on , when Steve Jobs was on leave for health related issues, Cook took command as a Chief Executive in 2009.
In Jan 2011, Jobs was facing health related issues and at the time Tim took most of Apple daily operations responsibility. Later in the same year Aug, Jobs resigned as a CEO of the company and became the chairman of the board.
That was the time when Tim Cook was the name approved as the new Chief Executive Officer of the company.
Since then Cook has brought a lot of tough yet successful decisions and changes to the operation of Apple Inc. Under his leadership the company has shown significant growth and innovation which is what makes Apple today.
Under his leadership as a CEO, Apple has acquired Beats music and Beats Electronics which is Apple’s biggest acquisition for $3 billion.
Tim has focused on people, strategy and execution. Cook said “if you do those three right the world is a great place.”
Awards and Recognition
Since the starting of his career at some of the top companies in the industry, IBM , Apple. Cook has been awarded with many honours and awards. Some of the awards and recognition of Apple’s CEO, Tim Cook are:
- Human Rights Campaign’s Visibility Award.
- Ripple of change Awards
- Financial Times person of the year in 2014.
- Courage against hate Award
- Alabama Academy of honour
- Fortune’s world’s greatest leader.
Tim Net Worth
Tim Cook has a whooping net worth of $1.9 billion in Sept 2023. In 2022 his net worth was around $2 billion.
Tim has received an annual compensation of $98,734, 394 in FY21. It includes basic pay, bonus, stock award value and other compensation as well.
In 2023, Cook’s compensation was targeted to reduce from $84 million in 2022 to $49 million as reported in the Securities and Exchange Commission. His bonus part will remain the same for $300,000 as continuing from 2016.
Conclusion:
Tim Cook has been an inspiration for millions of people around the world. His leadership under the time of crisis and dedication is what makes him an idol among the young generation entrepreneur.
Under his leadership, Apple Inc has been able to reach the milestone of a trillion dollar company and operating as the world’s largest tech giant. Tim being a successful entrepreneur and CEO has taken such decisions which have not only brought benefit for APple but also been able to serve the audience and market the company served. Tim has worked in many philanthropic works and has donated a significant portion of his wealth for the social cause.
Tim has set a great example for the young generation to aspire for greatness and what dedication and hard work can help.
Hope this article has given you an understanding of Tim Cook’s life and career at Apple. How he has started and where he is today. For more such informative and amazing article check out our latest articles.
