Tim Cook steps down as Apple, $AAPL, CEO on August 31 after taking the company from ~$350 billion to over $4 trillion.
John Stankey steps down as AT&T, $T, CEO after taking the company from ~$215 billion to ~$178 billion.
Apple increased its market cap by roughly $3.65 trillion and AT&T lost roughly $37 billion.
Six years. Two CEOs. Completely different outcomes. I wonder why?
One led through massive innovation and growth. The other spent years making questionable strategic decisions resulting in failures of epic proportions, while simultaneously alienating the workforce with policies like 5x RTO, cutting costs and talent, and destroying culture and morale.
But I’m sure Stankey will find a way to explain how all of this is somehow the employees’ fault.
Get this l0ser Stankey out!