Make no mistake, the people who want Tim Cook’s head on a spike
are not friends of Apple. As far as I know, he still has the deep
respect of the analysts who know the company best and — most
important — the confidence of the board of directors who granted
a million restricted shares of Apple as an incentive for him to
stick around for at least a decade.
For the record, Apple is still trading higher today that it was
when Cook replaced Steve Jobs. The forces that drove the stock up
to over $700 and then down to below $390 seem to me to have more
to do with a dysfunctional securities market than anything Cook
has done as CEO.
The Apple bears have gone from irrational to hysterical.