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Unrest inside apple in particular on the tech giant's board of directors Charlie Gasparino I've been working this Memorial Day on the CEO Tim Cook -- mean -- we understand this concern.
At the board -- -- sources -- on the Fox Business Network about the pace of innovation.
Over at apple right what what do they had lately they have the iPad -- a few other things.
But they don't have anything innovating from what came from Steve Jobs and that concern is is is basically manifesting into pressure.
On Tim Cook basically to innovate do something fast that we should point out.
This is an interest in boardroom drama it does not mean that Tim.
Tim Cook is out of a job where that there's a job search out that we don't know that and I don't believe that's happening as of -- that -- sources inside apple tone that's not the case.
But we what we have been able to confirm.
That the board is now worried about what's in the pipeline -- they have the right stuff in the pipeline that they have innovative stuff and a -- but do they have stuff.
To keep did the the the momentum going that that that job started in the pipeline.
And how that's gonna translate into sales and obviously stock -- and you point out.
That the stock price is down 35% of its of them from its all time highs we talk about this all day there's no doubt that this is an apple is a company right now.
That there is some worry about what's going on in the future.
I hasten to say that the board believes that is worried about whether he's the right guy for the job I don't think we're there yet from what I understand -- not excited about the things he's specifically talked about like the I watch yeah I mean you.
You know we should point out that he says he is funny stuff in the -- he was recently quoted.
Hunter and an analyst conference -- saying as many more innovations coming out.
The I watch is one of them I just -- so so -- the viewer how innovative I am technologies.
Probably the last person that should be doing to stand on the a very with a look at this.
I thought about as far from an iPad or whatever without that you're -- at that about a pistons and that if it's from night and the owners say that cell phone ever made up.
But I did a lot of reported second I've I've my sources of are solid on this thing that there is now on -- -- in the on the board level.
That something needs to be done about the future in terms of what's in the pipeline.
What they're gonna do in the future.
Are they innovating enough and -- Tim Cook innovating enough as CEO and.
I said I'm not there telling you that they're worried about him being the right guy I have from what I understand there's still a 100% behind him but there's clearly this concern within the boardroom.
About the company and about that where the companies -- in the future -- of innovation that we should point out that Steve Jobs didn't have -- success of the legendary Steve Jobs.
I I think I read I'm reading the book -- Isaacson wrote -- -- It didn't have a straight meteor -- career meet meet your -- career straight up right out yet this is along the way of his ups and downs -- -- just the act at Bryant Steve Jobs I mean and just done that.
You know that there's a growing -- -- every CEOs but to -- it affected this guy.
It in the in his defense is stepping into tremendous shoes.
That said you know this is a company that you know investors.
Particularly here in you know we we we worry about you know quarterly earnings results we were about stock price and we worry about.
And this is one of the great things about our system.
The pressure is really on the CEOs to constantly perform.
And I -- tell you at least from the board what does that mean when the board starts getting into the act.
You know what's next they start floating names of who might do better.
We're not there yet but you know this.
I'm not gonna tell you that up from what I understand there -- a 100% behind this guy right from.
But you know how many give you logic now every time I hear that the board is concerned.
That's always been the the did the stopping point for you know is this the right guy for the job.
OK I will tell you this fight for my sources are telling me they are not at the point where they're questioning whether he's the right -- the job but.
It always starts with this board -- pressure to do stuff.
And then you and then do you perform and.
Let's talk about -- right now have had to boardroom for folks against Al -- on the board Bob Iger right Al Gore -- Drexler formerly of the gap Ron sugar.
-- what and he's now I'm sorry J.
Crew William Campbell Andrea young and keep on Avon Arthur Levinson he's the chairman right.
He's Genentech I mean I was of the view that this is not a lightweight -- -- -- Al Gore's a Smart guy he's probably the biggest light weight on that board.
You know now this is this is a high pressure boy I paddle board and this is.
This is apple I mean you know apple is what was the big stock thirty years ago GM -- right -- -- what was in everybody's portfolio and now what's this what's.
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