Apple's Tim Cook: Business isn’t just about making profit
Apple's chief executive was responding to conservative think tank National Centre for Public Policy Research that has challenged the company's sustainability goals
He 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.
Eyewitnesses 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.
Since taking the helm at Apple in 2011, Cook has made notable improvements to the company’s use of renewable energy, increasing the use of solar, wind and geothermal resources used to power Apple’s offices from around a quarter of its total energy use to more than 75 per cent.
The 53-year-old has also committed millions of dollars of Apple’s money to various good causes – in contrast to his predecessor Jobs, who reportedly once told colleagues that giving money to charity was a waste of time.
Cook has also taken action to improve the conditions at the Foxconn plants in China where iPhones and iPads are made, after widespread criticism about high rates of worker suicide and claims of exploitation.
“We believe that workers everywhere have the right to a safe and fair work environment,” he has said.
Harry Potter actor suffered 'severe flu-like symptoms' on a flight from London to Orlando
Rap music mogul accused of running two men over in his truck
World cities ranked in terms of safety, food security and 'liveability'
First full-length look is finally here
"Oink! Oink! Hee hee hee!" First interview with the big-screen star
Biohacking group hopes technology will lead people to think about even more dystopian uses
The party's potential nominations read like a high school race for student body president
Life & Style blogs
Who is Teresa Fidalgo? Debunking the fake ghost story that's got Instagram spooked
Snapchat removed the Best Friends list feature and 'stalkers' are upset
Baldness could soon be treated using stem cells, scientists hope
A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
Eight-year-old girl Camilla Lisant suggests possible cure for cancer to her scientist father
9 reasons Greece's experiment with the radical left is doomed to failure
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
Have we reached 'peak food'? Shortages loom as global production rates slow
Greece elections: Syriza and EU on collision course after election win for left-wing party
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
- 2 The awkward moment Sarah Palin raised $25,000 for Hillary Clinton's election campaign
- 3 Ball pool for adults opens in London
- 4 Amal Clooney gives excellent response to fashion question at European Court of Human Rights
- 5 Baldness could soon be treated using stem cells, scientists hope
iJobs Gadgets & Tech
£25000 - £35000 per annum: Recruitment Genius: A skilled .NET developer with e...
£25000 - £30000 per annum: Recruitment Genius: This IT support company are cur...
£35000 - £43000 per annum + Benefits: Ashdown Group: Senior IT Support Analyst...
£60000 - £70000 per annum + benefits: Ashdown Group: An excellent opportunity ...