Who was the best CEO in 2014? The answer to that question will very likely change depending on who you ask, but when it comes to financials and a company’s overall performance, CNNMoney thinks Apple CEO Tim Cook takes the cake. The news outlet recently named him the top CEO of 2014 and offered up a few reasons as to why it took that position.
CNNMoney said Cook deserves the award because shares of Apple are up 40 percent, largely based on moves made under his leadership. That includes a $14 billion stock buyback earlier this year, a 7-for-1 stock split, new quarterly revenue records, a major iPhone launch on China Mobile (though the agreement was inked in 2013), the launch of Apple Pay and “excitement about the Apple Watch” that’s due out in early 2015.
We argue that the success of the Apple Watch probably needs to be determined after it launches, but at least Cook is giving consumers a new Apple product to look forward to, and for Wall Street to make projections on moving forward. After all, if it’s a success, Apple could dominate a brand new category. “[Cook] had to convince skeptics that Apple can still innovate after the death of Steve Jobs,” CNNMoney said. “He’s proven all of the naysayers wrong.”
Second on the list? BlackBerry CEO John Chen, who “deserves a lot of credit” for keeping BlackBerry alive, the news outlet argues, noting that shares of BlackBerry are up 35 percent this year. Not bad Chen, not bad.
Tim Cook’s 2014 track record on paper certainly looks pretty solid, and it’s hard to disagree with the assessment. Can he pull it off again in 2015?