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Patrick McGee

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
889 total appearances

Appearances Over Time

Podcast Appearances

Prof G Markets
Tim Cook Sat Out the AI Race โ€” Will the New CEO Pay the Price?

Absolutely.

Prof G Markets
Tim Cook Sat Out the AI Race โ€” Will the New CEO Pay the Price?

But do you have a sort of dual CEO position?

Prof G Markets
Tim Cook Sat Out the AI Race โ€” Will the New CEO Pay the Price?

Like what happens now?

Prof G Markets
Tim Cook Sat Out the AI Race โ€” Will the New CEO Pay the Price?

You know, like if there's a major world crisis involving China and Tim Cook has a different decision making process or a different just notion of what should what should happen, then John Ternus, who makes the call?

Prof G Markets
Tim Cook Sat Out the AI Race โ€” Will the New CEO Pay the Price?

You know, the lucky thing would just be that they don't have to have that sort of debate.

Prof G Markets
Tim Cook Sat Out the AI Race โ€” Will the New CEO Pay the Price?

But, you know, in the case of Disney, you know, Bob Iger steps steps down and a month later, COVID takes place.

Prof G Markets
Tim Cook Sat Out the AI Race โ€” Will the New CEO Pay the Price?

You know, and all hell breaks loose.

Prof G Markets
Tim Cook Sat Out the AI Race โ€” Will the New CEO Pay the Price?

And I think within two years or so, Bob Iger is back at the company.

Prof G Markets
Tim Cook Sat Out the AI Race โ€” Will the New CEO Pay the Price?

There is many companies who just have not been able to nail this structure where the CEO of a longtime company, you know, 15 years in the case of Cook, elevates to executive chairman and is able to really let the new CEO, you know, earn their reputation and take different decisions.

Prof G Markets
Tim Cook Sat Out the AI Race โ€” Will the New CEO Pay the Price?

And, you know, frankly, I think some of the Cook last 15 years needs to be undone.

Prof G Markets
Tim Cook Sat Out the AI Race โ€” Will the New CEO Pay the Price?

Right.

Prof G Markets
Tim Cook Sat Out the AI Race โ€” Will the New CEO Pay the Price?

I think they need to be doing far more in India.

Prof G Markets
Tim Cook Sat Out the AI Race โ€” Will the New CEO Pay the Price?

I think they need to rethink whether they should have bigger operations in Mexico.

Prof G Markets
Tim Cook Sat Out the AI Race โ€” Will the New CEO Pay the Price?

But if you're trying to make those decisions and the executive chairman is the very person who put Apple into the current predicament, that is not an easy position to be.

Prof G Markets
Tim Cook Sat Out the AI Race โ€” Will the New CEO Pay the Price?

So I don't know what their relationship is, but, you know, it basically just depends on whether it's going to be a tumultuous global economy in the next five years or a calm one.

Prof G Markets
Tim Cook Sat Out the AI Race โ€” Will the New CEO Pay the Price?

Yeah, well, they haven't been tested yet.

Prof G Markets
Tim Cook Sat Out the AI Race โ€” Will the New CEO Pay the Price?

So, I mean, in a sense, I'm certainly not an Apple investor, you know, in any way.

Prof G Markets
Tim Cook Sat Out the AI Race โ€” Will the New CEO Pay the Price?

But I don't think I learned anything yesterday that would cause me to be more optimistic or less optimistic than the company.

Prof G Markets
Tim Cook Sat Out the AI Race โ€” Will the New CEO Pay the Price?

I mean, John Ternes has been like the only person people could even think about for the last two years as the possible successor.

Prof G Markets
Tim Cook Sat Out the AI Race โ€” Will the New CEO Pay the Price?

I mean, just based on the fact that if you look at like the senior vice president ranking, like everybody else is nearly Tim Cook's age.