The new CEO doesn't care about ROI.
So enamored with green projects, he might destroy the company.
http://www.independent.co.uk/life-style/gadgets-and-tech/news/apples-tim-cook-business-isnt-just-about-making-a-profit-9163931.htmlHe leads a company that some would consider the epitome of ruthless global capitalism. But Apple chief executive Tim Cook has shocked some in the US with an impassioned attack on the single-minded pursuit of profit – and a direct appeal to climate-change deniers not to buy shares in his firm.
Eyewitnesse said Cook, who succeeded Steve Jobs as boss of the technology giant in 2011, was visibly angry as he took on a group of right-wing investors during a question-and-answer session at a shareholders’ meeting.
Responding to calls from the National Centre for Public Policy Research (NCPPR), a conservative think tank and investor, for Apple to refrain from putting money in green energy projects that were not profitable, he shot back that Apple did “a lot of things for reasons besides profit motive”. The chief executive added: “We want to leave the world better than we found it.”
Addressing he NCPPR representative directly, he said: “
If you want me to do things only for ROI [return on investment] reasons, you should get out of this stock.”Cook, who is generally known for his level-headed demeanour, also insisted that he places more importance on helping people and
the environment than on pure profit, saying: “When we work on making our devices accessible to the blind, I don’t consider bloody ROI.”
Bryan Chaffin, a technology writer at The Mac Observer who attended the meeting on Friday, said it was: “The only time I can recall seeing Tim Cook angry.”
He added: “His body language changed and he spoke in rapid-fire sentences compared to the usual controlled way he speaks.”
The NCPPR had challenged Apple’s sustainability goals, one of which is eventually to have 100 per cent of its power come from green resources, and asked what effects such measures, along with investing in green initiatives, would have on the firm’s bottom line.
The think tank’s shareholder proposal was voted down at the meeting, which would
have required Apple to declare the costs of any sustainability programmes it invested in.
