Apple · U.S. · CNBC Technology
Jim Cramer confirms Tim Cook accomplished something 'almost impossible' as Apple CEO
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CNBC's Jim Cramer on Tuesday reflected on the legacy of Tim Cook, arguing that the longtime leader of Apple achieved something many in corporate America consider "almost impossible.
Key facts
- When Cook took over in 2011, Apple's stock traded at a price-to-earnings multiple in the low-to-mid teens
- You have heard a lot about Tim Cook today and for good reason," the "Mad Money" host said
- CNBC's Jim Cramer on Tuesday reflected on the legacy of Tim Cook, arguing that the longtime leader of Apple achieved something many in corporate America consider "almost impossible
- Cook, who succeeded Steve Jobs and will be replaced by hardware engineer John Ternus in September, faced early skepticism about whether he could maintain, let alone expand, Apple's dominance
Summary
"You have heard a lot about Tim Cook today and for good reason," the "Mad Money" host said. Cook, who succeeded Steve Jobs and will be replaced by hardware engineer John Ternus in September, faced early skepticism about whether he could maintain, let alone expand, Apple's dominance. Cramer pointed to Cook's farewell letter where the CEO described starting his mornings by reading emails from customers. "In every one of those emails, I feel the beating heart of our shared humanity," Cook wrote, underscoring what Cramer sees as a defining trait of his leadership, a deep, genuine commitment to the end user.