Tim Cook certainly seems to have the Midas touch.
As he approaches the 10th anniversary of becoming Apple‘s CEO, the company’s stock has gone on another tear.
Over the past month, the Cupertino, California—based tech giant’s share price has risen nearly 18 percent.
As of this writing, it’s trading at US$144.56 on the New York Stock Exchange.
That gives it a market capitalization of US$2.41 trillion, making it the most valuable company on Wall Street.
That exceeds the gross domestic product of Canada in 2020 by both income accounts and expenditure accounts.
On August 24, 2011, he was named the new CEO of Apple.
That was six weeks before his predecessor, company cofounder Steve Jobs, died after a fight with pancreatic cancer.
On the day that Jobs quit and Cook became the boss, the shares fell five percent in after-hours trading to US$357 (US$12.75 in today’s terms, based on the 7:1 stock split in 2014 and 4:1 stock split in 2020).
It means that Apple shares have increased in value more than 11 times since Cook became CEO.