Financial newspaper Barron's released its annual Top CEOs. While Jeff Bezos is new, Apple CEO Tim Cook got kicked out.
Barron's released the annual Top 30 CEO list and one of the most prominent CEOs did not make the cut this year. Apple CEO Tim Cook got kicked out of the Top CEO ranking. The reasons for Barron's decision to take off Tim Cook is Apple's over reliance on the iPhone and the 18% drop in stock value over the past year.
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Barron's Alexander Eule states: " Cook has struggled to create the next big hit at the company that birthed the iPhone. Shares are down 18% in the past year; the Apple Watch is a work in progress; and the long-awaited TV business remains a rumor."
Apple is not the only company relying overly on a single product. Take Google and its search engine text ads. Investors want a story to believe in. Nobody really knows where Apple is going. The Apple Car could bring the next major growth for the company, but there is no official announcement.
The next big news from Apple comes tomorrow and its again about an iPhone. Tim Cook has a busy week ahead of him, starting on Monday with the Apple Media Event at the Apple headquarters in Cupertino begins at 10am PDT.
There will be a live online stream available of the event. Apple is expected to unveil the 4-inch iPhone SE, a new small iPad Pro and new Apple Watch models. On Tuesday Apple and the FBI face off at a court hearing about the San Bernardino iPhone case.
Tim Cook will be on the cover of the Time magazine 28th of March edition. The cover interview with Tim Cook has already been published on line. The interview dives into great detail about the FBI iPhone case controversy. The full transcript is available on time.com. It is a great read to prepare for March 22.
While Tim Cook is out, another American Tech CEO joined the ranking. Amazon CEO Jeff Bezos made the list. Barron's says that Bezos ramped up innovation and also turned a profit at the same time. Amazon is on a role not just in online shipping. Products like the Echo and the trojan Dash platform have a huge growth potential and nobody has anything like it. Amazon's combination of cloud, hardware and content appears stronger than Apple's eco system.
Other tech CEOs in the Barron's Top 30 CEO list 2016 include Facebook's Mark Zuckerberg, Netflix CEO Reed Hastings and Alphabet CEO Larry Page.
Barron's also added Adobe CEO Shantanu Narayen to the list for his lead in the in the software industry transformation to monthly subscriptions.
The Barron's 30 Top CEO List 2016 is marks the 12th time Barron's ranks the world's best performing CEOs. See the full list on Barron's.