Time Magazine’s Person of the Year has just been announced. The big winner is President Barack Obama. The magazine said the following about the president, “he found and forged a new majority, turned weakness into opportunity, and sought, amid great adversity, to create a more perfect union.”
Not long before the winner was announced, Time released the names of its finalists which included Yahoo! Inc. (NASDAQ:YHOO)’s Marissa Mayer and Apple Inc. (NASDAQ:AAPL)’s Tim Cook. Other finalists on that list were Bill and Hillary Clinton, Egypt’s President Mohammed Morsi, and Pakistani activist Malala Yousafzai.
Mayor became CEO of Yahoo! Inc. (NASDAQ:YHOO) earlier this year. Previously she was a high ranking executive at Google Inc (NASDAQ:GOOG). With Mayor at the helm, Yahoo! Inc. (NASDAQ:YHOO) has made some major changes including shake-ups to the company’s board and the release of revamped versions of Yahoo! mail and other essential features.
Cook has been CEO of Apple Inc. (NASDAQ:AAPL) since Steve Job's leaving before his untimely death in 2011. Jobs was actually a finalist for Time Magazine’s Person of the Year last year. Since taking over leadership at Apple Inc. (NASDAQ:AAPL), Cook has helped the company reach a new record high share value and brought about the introduction of the iPad Mini and the iPhone 5. Cook has also had to apologize for Apple’s disastrous and dangerous mapping app, which has caused problems for iOS users all over the world. Also under Cook’s watch, shares of Apple have bounced up and down in a short time as analysts and investors keep an eye on the stock’s volatility.