Apple Faces Leadership Shakeup Amid Criticism
Apple Faces Leadership Shakeup Amid Criticism

Apple Faces Leadership Shakeup Amid Criticism

News summary

Apple is undergoing its largest management reshuffle in decades amid mounting criticism of CEO Tim Cook's leadership, especially regarding innovation and artificial intelligence. Both COO Jeff Williams and CFO Luca Maestri are retiring or have been replaced, leaving the company without a clear successor to Cook. Analysts from LightShed Partners and MoffettNathanson have urged Apple to consider a more product-focused CEO as the company's stock has dropped about 16% year-to-date. Despite these pressures, Cook remains firmly in control, backed by Apple's board and many industry observers who cite his record of massive growth. Internally and externally, there are warnings that Apple could risk becoming obsolete like BlackBerry or Nokia if it fails to innovate rapidly. The ongoing leadership transition and continued dominance of Cook raise significant questions about Apple's future direction.

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