An interesting story regarding the corporate sector at Apple Inc. (NASDAQ:AAPL) was recently revealed in a special report in Bloomberg Businessweek.
Earlier this summer, it was reported that tech Senior Vice President, Bob Mansfield wanted to retire. Three people that worked under Mansfield, who were not at all pleased about the pending replacement Dan Riccio, sent complaints to CEO Tim Cook. They thought that Riccio wasn’t ready to take over the vice president position and so Tim Cook talked Mansfield into staying. It’s reported that he offered him an impressive amount of $2M a month. In August, it was announced that Mansfield decided to stay with Apple Inc. (NASDAQ:AAPL) in order to help them create future products.
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It’s true that Apple Inc. (NASDAQ:AAPL) will never be the same without Steve Jobs, but Tim Cook proves that the company can survive without the legend. It’s been a year since Jobs passed away and a lot has changed. The company has become more valuable this past year, with Cook at the helm.
The company just released the iPhone 5, and although it’s proven to be a huge success, it still had a few glitches, namely the maps application. Despite all of that, Apple’s sixth generation smartphone is still a big success and will continue to sell.
Next week, Apple Inc. (NASDAQ:AAPL) is expected to introduce the iPad Mini, a smaller version of their popular tablet computer that was designed to compete directly with the likes of Amazon.com, Inc. (NASDAQ:AMZN)’s Kindle Fire HD and Barnes & Noble, Inc. (NYSE:BKS)’s Nook Tablet. The iPad Mini reportedly features a 7.85 inch screen, retina display, and 3G connectivity.
It’s good to know that Tim Cook wants to retain top talent. After all, Apple Inc. (NASDAQ:AAPL) would be nowhere if it wasn’t for some of their talented employees. In order to stay on top, a company needs to value their employees and this is something that Cook understands.