According to University of Michigan economist Justin Wolfers, in recent months, Apple Inc. (NASDAQ:AAPL) CEO Tim Cook has been spending far more time managing politics than pursuing new innovations.
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What Happened: Appearing on The Contrarian podcast on Wednesday, Wolfers said that Trump’s trade and tariff wars have shifted corporate priorities in damaging ways. “Tim Cook’s most important job right now? Keeping Trump happy. Quite literally,” he says.
Wolfers contrasts Cook with his famed predecessor, Steve Jobs, whom he praised as relentlessly focused on product excellence, technology and design.
See Also: Trump’s Tariffs Are A ‘$500 Billion’ Tax On US Businesses That Wipe Out His 2017 Corporate Tax Break
“Jobs was focused on making the greatest phone ever made,” he says, while Cook is now “figuring out whether to build a factory in India or China, and how visible he needs to be at Mar-a-Lago.”
He …Full story available on Benzinga.com
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