Jackassapalooza

Philip Elmer-DeWitt on the “Apple should fire Tim Cook” nonsense being floated:

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.

★ Monday, 22 April 2013