When Tim Cook is ‘dead’, he’ll have more to say about his business than the NYT
Tim Cook’s Apple shares are soaring, but it’s hard to tell whether the tech giant’s CEO’s fortunes will continue soaring or be shaken by an outpouring of concern over the plight of his workers.
The Apple co-founder has a long history of speaking out about the plight and struggles of the workers at his companies.
He was famously fired by the company last year after he said he had been mistreated.
Now that his tenure is ending, it is a big question whether the world will hear more about his remarks.
What will be the biggest headline of the day?
Apple’s stock is rising by more than 10% this morning as investors take comfort that Cook’s comments are coming to light.
That’s a nice boost for Apple stock.
What do the workers want?
In an interview with Bloomberg, Cook said that Apple has to be “as humane and as transparent as possible” when it comes to how it treats its workers.
Apple has a $3.5 trillion cash pile and employs more than 1.5 million people worldwide.
Some analysts have raised concerns about the company’s handling of its workforce and the treatment of the roughly 400,000 workers in its facilities, which are located in California and China.
But Cook, who has been with the company since 1994, has said that the company has the right to do whatever it wants.
What are some of the concerns that have been raised?
One of the biggest issues is that workers are often paid too little and are not paid overtime.
The company’s annual reports show that it paid an average of just $1.13 per hour for the full-time workers in the last fiscal year.
In an attempt to address this issue, Cook is proposing to allow workers to receive pay raises of up to 30%, up to a maximum of 10% a year, or to get a two-year contract.
How did the labor market react to Cook’s remarks?
There have been a lot of stories in the press about the Apple workers’ plight and the backlash to them.
For example, the Los Angeles Times published a story saying that Cook was “on his way out” at the company.
That prompted Apple to release a statement saying that the CEO has a “deep respect” for the work Apple does and “his words will be heard.”
This comes as Apple has been under fire from labor unions for its treatment of workers, including its treatment for foreign workers who are required to be paid less than US workers.
In recent years, Apple has said it will pay all employees the $15 minimum wage and has also offered to cover some workers’ medical costs.
What is Apple doing to address these issues?
Apple says it has worked with a number of labor groups to create an online petition that calls for a $15 hourly wage.
Apple also released a video on Tuesday that included Cook and former U.S. Secretary of Labor Tom Perez.
The video asks people to sign the petition.
The letter states that the U.N. and other international agencies, such as the World Trade Organization, have said that it is the “right thing” for Apple to do.
What other companies have responded?
The majority of the stocks of tech giants have rallied this morning, with the S&P 500 up nearly 6%.
Facebook, Google, and Twitter are all up more than 5%.
Alphabet, Microsoft, Apple, Amazon, Facebook, and Amazon.com are all down less than 2%.
What’s the best way to invest in tech stocks right now?
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