Yeah, admittedly Tim Cook is a stretch. He’s no Steve Jobs, but I don’t think trying to replace him would work either. Ultimately, the only role he can play is the one he’s dealt, but given that they’re also one of the biggest companies on the planet Apple haven’t really “innovated” anywhere. They’re also guilty of missing the ball on AI, especially with Siri essentially becoming the third-place voice assistant.
I’m not so sure I agree with the economic reaction in tech, but I am biased in that I work for one of these companies, and have a first-hand view in how these companies are cutting jobs while making insane profits, and demanding innovation with fewer resources than ever. My point around the pandemic is less to do with the change of CEO’s, and more to do with the climate highlighting that in a pinch, these CEO’s have done a poor job. I could go on for hours about this, but they praise themselves for the work their companies do, while admitting that they over-hired, and wasted huge sums of money in industries that aren’t ever going to generate profits. Google is burning huge sums of money on LLM’s, Amazon have spent enough money on MGM and ROP to effectively keep every laid-off employee employed on full-pay for a full year, Zuck has also bet big on AI despite burning cash on VR/AR. To some degree, all big tech companies have been poorly run by “safe” bets at the helm.
Yeah, admittedly Tim Cook is a stretch. He’s no Steve Jobs, but I don’t think trying to replace him would work either. Ultimately, the only role he can play is the one he’s dealt, but given that they’re also one of the biggest companies on the planet Apple haven’t really “innovated” anywhere. They’re also guilty of missing the ball on AI, especially with Siri essentially becoming the third-place voice assistant.
I’m not so sure I agree with the economic reaction in tech, but I am biased in that I work for one of these companies, and have a first-hand view in how these companies are cutting jobs while making insane profits, and demanding innovation with fewer resources than ever. My point around the pandemic is less to do with the change of CEO’s, and more to do with the climate highlighting that in a pinch, these CEO’s have done a poor job. I could go on for hours about this, but they praise themselves for the work their companies do, while admitting that they over-hired, and wasted huge sums of money in industries that aren’t ever going to generate profits. Google is burning huge sums of money on LLM’s, Amazon have spent enough money on MGM and ROP to effectively keep every laid-off employee employed on full-pay for a full year, Zuck has also bet big on AI despite burning cash on VR/AR. To some degree, all big tech companies have been poorly run by “safe” bets at the helm.