Tim Cook

Tim Cook giving Apple employees extra time off over Thanksgiving

According to MacGenerations, new Apple CEO Tim Cook has sent out another company-wide email, this time to let Apple employees know they'll be getting some extra time off at Thanksgiving or thereabouts.

Team,

I consider it an honor to come to work every day alongside the most innovative and most dedicated people on earth. This is an extraordinary time to be at Apple, and it's all made possible by your incredible efforts.

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iPhone 5 launch event to happen on October 4? [Updated]

According to a report from All Things D, Apple will hold its media event to launch the iPhone 5 on October 4.  The information comes from “sources close to the situation”.

Tuesday, October 4. That’s the day Apple is currently expected to hold its next big media event, according to sources close to the situation, where the tech giant will unveil the next iteration of its popular iPhone.

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Apple promotes Eddy Cue to Senior VP of Internet Software and Services

9to5Mac scored a copy of an internal memo from new CEO, Tim Cook, announcing that Apple's Eddy Cue is getting a promotion from VP of iTunes, MobileMe, and App Store, to Senior VP of Internet Software and Services, and putting him on the exec team.

Team, It is my pleasure to announce the promotion of Eddy Cue to Senior Vice President of Internet Software and Services. Eddy will report to me and will serve on Apple’s executive management team.

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iPad Live 71: Hurricane straps and sex wax

Georgia, Rene, Seth, and Matthew Panzarino of The Next Web talk Steve Jobs resignation fallout, Tim Cook's email to Apple, mobile malware, Acer's iPad fever, Samsung's Space Odyssey, and buh-bye TV rentals. This is iPad Live!

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Apple offers Tim Cook 1,000,000 reasons to stay until 2021

In the 8-K filing following their top-level restructuring this week, Apple revealed that they were awarding new CEO Tim Cook quite the signing bonus:

In connection with Mr. Cook's appointment as Chief Executive Officer, the Board awarded Mr. Cook 1,000,000 restricted stock units. Fifty percent of the restricted stock units are scheduled to vest on each of August 24, 2016 and August 24, 2021, subject to Mr. Cook's continued employment with Apple through each such date.

As noted by MacRumors, that's worth almost $400 million at current prices. Half the stock can be divested in 5 years, the other half in 10 years, as long as Cook is still with Apple.

This would, of course, be in addition to his salary, options, and bonuses. (Last year those totaled $58 million.)

No word yet on the corporate jet...

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Tim Cook email to Apple employees

Ars Technica has received what they feel confident is an email from new Apple CEO Tim Cook to all Apple employees. In it, Cook addresses his new role, and his confidence in Apple and his team going forward.

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Tim Cook

Apple has updated their corporate profiles page to reflect Tim Cook's new position as CEO and Steve Jobs' elevation to Chairman of the board.

Tim Cook is the CEO of Apple and serves on its Board of Directors.

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iPhone Live 167: Steve Jobs resigns

Rene, Georgia, and Seth discuss Steve Jobs resigning as CEO of Apple, becoming Chairman of the Board, Tim Cook taking over as CEO, what it means for Apple and for end users, for partners and for competitors. This is iPhone Live!

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Commencements


<br/> Former Apple CEO Steve Jobs giving the commencement speech at Stanford in 2005, and new Apple CEO Tim Cook giving the commencement speech at Auburn in 2010.

[Stanford on YouTube, Auburn on YouTube, thanks Dave.]

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Steve Jobs resigns as CEO of Apple, becomes Chairman of the Board, Tim Cook becomes new CEO

Apple has just announced that Steve Jobs has resigned as CEO, and will now take over as Chairman of the Board. Tim Cook, formerly COO, will replace Jobs as CEO and also join the board as a director.

“Steve’s extraordinary vision and leadership saved Apple and guided it to its position as the world’s most innovative and valuable technology company,” said Art Levinson, Chairman of Genentech, on behalf of Apple's Board. “Steve has made countless contributions to Apple’s success, and he has attracted and inspired Apple’s immensely creative employees and world class executive team. In his new role as Chairman of the Board, Steve will continue to serve Apple with his unique insights, creativity and inspiration.”

“The Board has complete confidence that Tim is the right person to be our next CEO,” added Levinson. “Tim’s 13 years of service to Apple have been marked by outstanding performance, and he has demonstrated remarkable talent and sound judgment in everything he does.”

Steve Jobs' letter to the board, after the break.

[Apple PR, Apple PR]

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