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Is Tim Cook 'Lackluster' And 'Boring'? This CEO Thinks So

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Is Tim Cook 'Lackluster' And 'Boring'? This CEO Thinks So

Social Capital's CEO Chamath Palihapitiya presented himself as "uber Amazon.com, Inc. (NASDAQ: AMZN)," presenting the case for a valuation above and beyond $1 trillion in 10 years.

By Thursday afternoon, his view on Amazon has been widely circulated and evaluated by investors. However, investors and traders were likely equally interested in how he views Apple Inc. (NASDAQ: AAPL), and if it too will boast a trillion-dollar valuation.

Related Link: Chamath Palihapitiya Defends His $1 Trillion Amazon Valuation

Palihapitiya On Apple

Apple bulls, beware – Palihapitiya has some harsh criticism for the company and its CEO Tim Cook.

Speaking to CNBC on Thursday, Palihapitiya said that when he evaluates a company, he goes through a 3-prong checklist:

  • 1. Will the company's CEO "survive," or rather, "will they win the war of attrition?"
  • 2. Is the company innovating?
  • 3. How good is the company at allocating capital?

Palihapitiya continued with praise for Jeff Bezos, Amazon's CEO, who is not only a "fantastic innovator," but a pro and allocating capital toward the proper investments in the business. On the other hand, Apple CEO Tim Cook is the "exact opposite."

Palihapitiya expanded that Apple is holding $250 billion that has been "rotting" on the balance sheet for many years. In fact, the company has "spent more money on their building then actually building new products," which seems "insane" for a company that has been innovative for the past 20 years.

Finally, he added that Apple's CEO is "lackluster" and demonstrated a "boring" personality when he was a guest on Jim Cramer's "Mad Money."

Posted-In: Chamath Palihapitiya CNBC Jeff Bezos Social Capital Tim CookAnalyst Color Tech Media Best of Benzinga

 

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