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Tim Cook's New Chairman Pay Package Shows He's Not Really Leaving Apple (www.iphoneincanada.ca)
submitted 2 months ago by to c/apple@lemmy.zip
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[–] 10 points 2 months ago (1 child)

No one said he was leaving…?

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  • [–] 1 point 2 months ago

    Yeah people have no idea how these things work.

    He didn't "step down" as CEO. He stepped up to be the CEO's boss. Hands off on the day to day management of the company, but responsible for the more long term outlook as a whole.

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    • [–] 4 points 2 months ago

    Yeah, they announced months ago that Tim Cook was being promoted to Executive Director. That position refers to a head director of the board who is employed by the company.

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