Tim Cook: Apple's New CEO and the Most Powerful Gay Man in A
USINFO | 2013-08-22 14:04
 
 
In a tragic moment for Steve Jobs, there is a bright spot: Tim Cook, who will succeed Jobs as Apple's CEO, is an incredibly thorough and detail oriented boss who has revolutionized the way computers are assembled and steadily held the confidence of Apple's employees and partners. He is also, as we reported in January, destined to become an icon for gay advancement.
 
As chief operating officer, Cook has been running day to day operations since Jobs's most recent medical leave began in January, deferring strategic decisions and other CEO prerogatives to Jobs. Apple's growth and stellar financial performance have continued unabated under his watch.
 
When Jobs resigned as Apple CEO today, he said he'd like to stay on as chairman, where he would retain substantial authority at the company.
 
And we're told by a well placed source that Jobs actually went into Apple headquarters all day today and attended the board meeting at which he presumably presented his letter of resignation, an indication that his health problems will not keep him from participating in key decisions.
 
That said, it's clear Cook decision making authority will grow significantly—and that Apple is his show to run now. In the seven months since we profiled him, Cook's profile has only grown. Cook, who has not publicly discussed his sexuality, was named to the top of Out's list of powerful gays, yes, but he's also received greater recognition in the press for the incredible dividends Apple is reaping from its supply chain strategy, led by Cook, of using Apple's cash hoard to lock up crucial components for months or years, protecting products like the iPad from shortages, ensuring strong growth and margins for Apple and locking out would be rivals.
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