This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Who Will Replace Tim Cook at Apple?

Stocks in this article: AAPL JCP SBUX FB GOOG P

NEW YORK ( TheStreet) -- The last decision Steve Jobs made at Apple (AAPL) will likely go down as his worst.

This past Wednesday, I introduced the idea of firing Tim Cook and explained how his failure at Apple resembles Ron Johnson's at J.C. Penney (JCP):

Apple and J.C. Penney hired men who performed admirably under Steve Jobs. Both boards of directors went all-in, convinced that Cook and Johnson delivered true unfiltered results. At this point, however, it's all but an objective statement of fact -- these cats enjoyed the rare thrill of riding shotgun with Steve Jobs.

That article lists some of Cook's B-player missteps.

It happened faster than even I thought it would, but other columnists have hijacked my argument, making it their own.

But there's no reason to look back. What's done is done. Irrespective of the results Apple reports Tuesday, Cook absolutely must go. He was never the right guy for the job. Apple needs a visionary at the helm, not an MBA.

Apple should ignore the inane idea that it should buy Twitter -- it would ruin it. However, the board should not completely ignore Twitter. In fact, it should look to the company's founder -- Jack Dorsey -- or its CEO -- Dick Costolo -- to replace Cook.

Tim Cook can -- or so we're told -- manage a mean supply chain. And Ron Johnson apparently did an excellent job implementing Steve Jobs' retail vision at Apple. A couple of good soldiers, taking orders and implementing the vision of a legend and a genius. But that doesn't change a fact that Jobs, or so it seems, overlooked -- they're B-players.

There must be a backstory because it's difficult to believe that Jobs, a guy who warned about and feared bozo explosions, set one off at Apple. He hired a B-player and, granted, put him in his proper place for more than a decade, but then anointed the man for a position he has no business being in.

Compare the pedigrees of the supply chain MBA Cook with those of Dorsey and Costolo.

Dorsey founded Twitter. He founded and leads Square, the innovative mobile payments company that recently signed a landmark deal with Starbucks (SBUX). He makes those spiffy lists of the top entrepreneurs and visionaries. He gets innovator of the year awards. He rides in the class of people like Steve Jobs; he doesn't answer to them.

Costolo co-founded and sold Feedburner to Google (GOOG). He enjoyed a nice run at Google before becoming COO and eventually CEO at Twitter. A comedian. A personality. An entrepreneur. The guy who has been at the helm as Twitter hits hyperspeed and combines with Google, Facebook (FB) and Pandora (P) to dominate the mobile advertising revolution.

And, don't forget, of all the companies now chasing mobile dollars, Costolo had Twitter well situated for the future we now live in. Other than Pandora, which is naturally suited to mobile, no company set the table better than Twitter. While Facebook was missing mobile, Twitter was busy making money on it.

It's almost a no-brainer. As you think about it, hiring Cook really will go down as the biggest mistake of Jobs's professional life at Apple.

Imagine if he had called Dorsey or Costolo to his home prior to his death, offering one of these men the CEO gig. That's Apple style. That's how you kick off the next chapter. The more I think about it, the more dumbfounded I am by the last couple of years at Apple.

I don't blame Tim Cook for Apple's stagnation, I blame Steve Jobs.

-- Written by Rocco Pendola in Santa Monica, Calif.

Rocco Pendola is TheStreet's Director of Social Media. Pendola's daily contributions to TheStreet frequently appear on CNBC and at various top online properties, such as Forbes.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs