- Yesterday at 15:35
- Alban Martin
Apple CEO Tim Cook has been named the top tech industry CEO in Barron’s list of top CEOs. The list is determined by a company’s performance and by a panel of journalists and editors.
Tim Cook honored again
To get a feel for the economic boost that U.S. business leaders have faced since the start of the Covid-19 pandemic, consider how strange things have gotten for oil and timber. There was a day in April 2020 when Texas crude sold for less than nothing – $ 37 less, in futures trading. Roads had emptied, refineries had closed, and the oil tanks at a key Oklahoma mall were so full that no one wanted to take delivery of the goods.
Despite this dramatic observation, some have pulled out of the game, such as Big Pharma, GAFA, but not only.
For Barron’s, Apple is the world’s most successful company, with a market capitalization of over $ 2,000 billion. Yet the company is still showing amazing growth. Sales for the March quarter increased 54%, a nine-year record. Demand is skyrocketing in everything from iPhones, iMacs and iPads to wearables to services.
Part of this reflects the dynamics of the pandemic: demand has increased with the shift to a world of work from anywhere, and the effects could linger even if the economy reopens. But credit also goes to CEO Tim Cook, 60, who will mark his 10th year as a chef.
Other stars this year also include the bosses of Pfizer, Moderna, General Motors, General Electric, Williams-Sonoma and Eaton. Last year, Tim Cook was already on the list but the others were not at all the same. These included Jeff Bezos from Amazon, Reed Hastings from Netflix, Jensen Huang from Nvidia, Elon Musk from Tesla, Satya Nadella from Microsoft, Eric Yuan from Zoom and Mark Zuckerberg from Facebook.