Tim Cook joins roster of rich giving away their wealth

Mar 27, 2015

Tim Cook joins roster of rich giving away their wealth

Apple Inc. Chief Executive Tim Cook is joining the roster of the very rich who are giving away their wealth. Fortune magazine cited the head of the world’s largest technology corporation as saying he planned to donate his estimated $785 million fortune to charity ...

Dec 19, 2014

Apple CEO donating to gay rights campaign in South

Apple Chief Executive Tim Cook, the first openly gay CEO of a Fortune 500 company, is donating money to help fund a gay rights initiative in his native Alabama and two other Southern states, organizers said Thursday. The amount of Cook’s contribution to the ...

Tim Cook: 'I'm proud to be gay'

Oct 31, 2014

Tim Cook: 'I'm proud to be gay'

Apple CEO Tim Cook says he’s proud to be gay. The public declaration, in an essay written for Bloomberg Businessweek, makes Cook the highest-profile business CEO to come out as gay. Cook said that while he never denied his sexuality, he never publicly acknowledged ...

Jul 23, 2014

Apple profit climbs along with iPhone sales

Apple on Tuesday reported that its quarterly profit climbed with strong iPhone demand, but a decline in iPad tablet sales put a damper on its results. The California-based company posted a profit of $7.7 billion on revenue of $37.4 billion in the three months ...

Apple CEO Cook grilled in Congress on offshore taxes

May 23, 2013

Apple CEO Cook grilled in Congress on offshore taxes

Apple chief Tim Cook faced a grilling Tuesday by U.S. lawmakers on “sham” subsidiaries and “convoluted” strategies to shift profits offshore, but denied the company uses “gimmicks” to avoid paying taxes. Cook told a Senate hearing Apple lives up to its tax obligations and ...

Apple announces rare drop in profit, record stock buyback

Apr 25, 2013

Apple announces rare drop in profit, record stock buyback

Apple reported Tuesday that its quarterly profit dipped for the first time in nearly a decade as it squeezed less money from its champions in the competitive smartphone and tablet markets. The maker of iPhones, iPads, iPods, and Macintosh computers stepped in to bolster ...