Tim Cook facts for kids
Quick facts for kids
Tim Cook
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Cook in 2023
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Timothy Donald Cook
November 1, 1960 Mobile, Alabama, U.S.
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| Education | Auburn University (BS) Duke University (MBA) |
| Title | CEO of Apple Inc. (2011–present) |
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Timothy Donald Cook (born November 1, 1960) is an American business executive who is the current chief executive officer of Apple Inc. Cook had previously been the company's chief operating officer under its co-founder Steve Jobs. Cook joined Apple in March 1998 as a senior vice president for worldwide operations, and then as executive vice president for worldwide sales and operations. He was appointed chief executive on August 24, 2011 after Jobs, who was ill and died that October, resigned. During his tenure as the chief executive, he has advocated for the political reform of international and domestic surveillance, cybersecurity, American manufacturing, and environmental preservation.
Since 2011 when he took over Apple, to 2020, Cook doubled the company's revenue and profit, and the company's market value increased from $348 billion to $1.9 trillion. Cook is also on the boards of directors of Nike, Inc. and the National Football Foundation; he is a trustee of Duke University, his alma mater. Outside of Apple, Cook engages in philanthropy; in March 2015 he said he planned to donate his fortune to charity. In 2014, Cook became the first chief executive of a Fortune 500 company to publicly come out as gay.
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Early life and education
Cook was born in Mobile, Alabama, United States. He was baptized in a Baptist church and grew up in nearby Robertsdale. His father, Donald, was a shipyard worker, and his mother, Geraldine, worked at a pharmacy.
Cook graduated from Robertsdale High School in 1978. He earned a Bachelor of Science in industrial engineering from Auburn University in 1982, and his Master of Business Administration (MBA) from Duke University's Fuqua School of Business in 1988.
Career
Pre-Apple era
After graduating from Auburn University, Cook spent twelve years in IBM's personal computer business, ultimately as director of North American fulfillment. During this time, Cook also earned his MBA from Duke University, becoming a Fuqua Scholar in 1988. Later, he was the chief operating officer of the computer reseller division of Intelligent Electronics. In 1997, he became the vice president for corporate materials at Compaq, but took up his position at Apple six months later.
Apple era
Early career
In 1998, Steve Jobs asked Cook to join Apple.
His first position was senior vice president for worldwide operations. Cook closed factories and warehouses, and replaced them with contract manufacturers; this resulted in a reduction of the company's inventory from months to days. Predicting its importance, his group had invested in long-term deals such as advance investment in flash memory since 2005. This guaranteed a stable supply of what became the iPod Nano, then iPhone and iPad. Competitors at Hewlett-Packard described their cancelled HP TouchPad tablet computer and later said that it was made from "cast-off, reject iPad parts". Cook's actions were recognized for keeping costs under control, and combined with the rest of the company, generated huge profits.
In January 2007, Cook was promoted to lead operations and served as chief executive in 2009, while Jobs was away on a leave of absence for health-related issues. In January 2011, Apple's board of directors approved a third medical leave of absence requested by Jobs. During that time, Cook was responsible for most of Apple's day-to-day operations, while Jobs made most major decisions.
Apple chief executive (since 2011)
After Jobs resigned as CEO and became chairman of the board, Cook was named the new chief executive officer of Apple Inc. on August 24, 2011. Six weeks later, on October 5, 2011, Jobs died due to complications from pancreatic cancer. Forbes contributor Robin Ferracone wrote in September 2011: "Jobs and Cook proceeded to forge a strong partnership, and rescued the company from its death spiral, which took it from $11 billion in revenue in 1995 down to less than $6 billion in 1998 ... Under their leadership, the company went from its nadir to a remarkable $100 billion today". In April 2012, Time included Cook on its annual "100 Most Influential People in the World" list.
On October 29, 2012, Cook made major changes to the company's executive team. Scott Forstall resigned as senior vice president of iOS after the poorly received launch of Apple Maps, and became an advisor to Cook until he eventually departed from the company in 2013. John Browett, who was senior VP of retail, was dismissed six months after he commenced at Apple, and given 100,000 shares worth US$60 million. Forstall's duties were divided among four other Apple executives: design SVP Jony Ive assumed leadership of Apple's human interface team; Craig Federighi became the new head of iOS software engineering; services chief Eddy Cue became responsible for Maps and Siri; and Bob Mansfield, previously SVP of hardware engineering, became the head of a new technology group.
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Cook made the executive changes after the third quarter of the fiscal year, when revenues and profits grew less than predicted. Forstall's resignation was widely seen as a dismissal, allegedly caused by Cook's desire to reduce "rivalries between executives", and drew criticism, as Forstall had been seen as a possible successor to Cook. On February 28, 2014, Cook made headlines when he challenged shareholders to "get out of the stock" if they did not share the company's views on sustainability and climate change. In May 2016, Cook traveled to China to meet with government officials there after the Chinese government closed Apple's online iTunes Store and Apple Books store.
In 2016, some analysts compared Cook to former Microsoft CEO Steve Ballmer, claiming that innovation had died down since he replaced Jobs, similar to when Ballmer became Microsoft CEO in 2000. In December 2017, Cook was a speaker at the World Internet Conference in China.
Cook was appointed chairman of the advisory board for Tsinghua University's economics school in October 2019 for a three-year term.
Rep. Tom Malinowski, Rep. Alexandria Ocasio-Cortez, and several other lawmakers criticized Cook in 2019 over Apple's decision to remove an app used by pro-democracy protesters in Hong Kong from its App Store. They accused Apple of censorship, and co-signed a letter to Cook that read, "Apple's decisions last week to accommodate the Chinese government by taking down HKMaps is deeply concerning. We urge you in the strongest terms to reverse course, to demonstrate that Apple puts values above market access, and to stand with the brave men and women fighting for basic rights and dignity in Hong Kong." Cook explained in an internal letter why the company removed the Hong Kong mapping app used by protesters to coordinate movements. In 2016, Cook signed a $275 billion deal with Chinese officials. The deal – personally negotiated by Cook – paved the way for increased censorship by Apple in China, for example the removal of Muslim content, preventing users from entering numbers that refer to the date of the Tiananmen Square Massacre, censoring Chinese words like "human rights" or "democracy", and manipulating Apple Maps to support China in the Senkaku Islands dispute by making Chinese-claimed islands appear larger than they actually were.
In August 2021, Cook received an approximate $750m payout, selling more than five million shares in Apple, ten years after becoming CEO.
Personal life
Cook is a fitness enthusiast and enjoys hiking, cycling, and going to the gym. He is known for being solitary, using an off-campus fitness center for privacy, and little is publicly shared about his personal life. He explained in October 2014 that he has sought to achieve a "basic level of privacy". Cook was misdiagnosed with multiple sclerosis in 1996, an incident he said made him "see the world in a different way". He has since taken part in charity fundraising, such as cycle races to raise money for the disease. He later told the Auburn alumni magazine that his symptoms came from "lugging a lot of incredibly heavy luggage around".
Cook has said that in 2009 he offered a portion of his liver to Jobs, as they shared a rare blood type. Cook said that Jobs responded by yelling, "I'll never let you do that. I'll never do that." While delivering the 2010 commencement speech at Auburn, Cook emphasized the importance of intuition during significant decision-making processes, and explained that preparation and hard work are also necessary to execute on intuition.
In June 2014, Cook attended San Francisco's gay pride parade along with a delegation of Apple staff. On October 30, Cook publicly came out as gay. Cook became the first and only openly gay CEO on the Fortune 500 list.
In 2021, Cook appeared on the Time 100, Time's annual list of the 100 most influential people in the world.
Awards and honors
- Financial Times Person of the Year (2014)
- Ripple of Change Award (2015)
- Fortune's World's Greatest Leader (2015)
- Alabama Academy of Honor: Inductee (2015)
- Human Rights Campaign's Visibility Award (2015)
- Honorary Doctor of Science from University of Glasgow in Glasgow, Scotland (2017)
- Courage Against Hate award from Anti-Defamation League (2018)
- Honorary Master’s degree in Innovation and International Management from University of Naples Federico II in Naples, Italy (2022)
See also
In Spanish: Tim Cook para niños
