Comment by jacquesm 3 days ago
The wealthiest company in the world really needs that last little bit from those Patreon creators who have it way too easy in their lives. It's not as if the people that take that meager bit of cash are going to invest it in Apple stock so they're going to have to pay up.
The Mafia can learn a thing or two from Cook.
And the board would replace them. It’s their fiduciary duty.
Boards are not some sort of unelected shadow government that exists to depose leaders if they aren't squeezing enough blood from the stone. Appointing a new CEO is time consuming and carries enormous market ramifications that could backfire on shareholders if it goes wrong, putting their own board seats at risk. Stability and peaceful transitions of power benefit everybody in this prisoner's dillema. A new CEO will be shopped around to the public years before they actually take power so there aren't any surprises when they do.
The CEO willing to do something like that would never find themselves in that position. One becomes a CEO through a process that filters those kinds of people out and builds the remaining into willing participants.
This. The board and the shareholders are the ones with the real power.
This nonsense has been parroted so often by now there should be a name for it.
And I'll be happy to prove you wrong: there are many things that Apple could do but hasn't done yet that would make them money and yet nobody is suing them for that. For instance they could make the cut 35% or 50% and if they don't then shareholders would sue. But they won't.
This is the machine. The behavior is much larger than any CEO or even trillion dollar company.