And the winner for September is …. drum roll please …. Fast Money’s Jeff Macke!
Lehman Brothers’ analyst Ben Reitzes was a guest on yesterday’s (9/05/08) edition of CNBC’s Fast Money. Sidebar: See post by iPhonAsia Editor (Jan 19, 2007) re Ben Reitzes.
iPhonAsia Comment: Jeff Macke is held up to the Fast Money audience as a knowledgeable money-manager who in theory keeps current with companies he lauds or pans (stock buy or sell recommendations). Why does Jeff Macke win our Dean Wormer Award? Macke has been a frequent critic of Apple, Inc. (AAPL) and (only slight exaggeration) has been especially vocal over not being able to receive daily Apple, Inc. bulletins detailing “how Steve Jobs feels today.” Macke’s preoccupation with Steve Jobs’ health status is almost comical. Yet Jeff apparently has no clue as to the depth and quality of Apple’s executive management team (Steve Jobs, Tim Cook, Phil Shiller, Bertrand Serlet, Scott Forstall, Jonathan Ive, Ron Johnson, Peter Oppenheimer) and has no idea who Tim Cook is!!! Whaaa the??? For an Apple commentator/pundit to not know who Tim Cook is … is tantamount to an Olympic swim commentator not knowing who Michael Phelps is. Yet Macke wasn’t kidding … he’s that dim. And for his comments on yesterday’s Fast Money, Jeff Macke wins our first ever Dean Wormer Award. Honorable mention goes to Joe Nocera and Douglas A. McIntyre.
For readers who don’t follow Apple, Inc. (AAPL) closely, Apple has a superb bench to support Steve Jobs. And Apple Chief Operating Officer (COO) Tim Cook is an extremely capable executive who could take the helm at Apple and not miss a beat. As an Apple shareholder, I’ve had the pleasure and responsibility of attending Apple, Inc. shareholder meetings and listening to every Apple (AAPL) quarterly earnings conference call. Tim Cook presides at these events and many others. I can tell you that I would be very comfortable with Tim Cook running Apple. He is a confident and capable executive who is very much on top of Apple’s business operations, product development path and and financials. This in no way is intended to dismiss the importance of Steve Jobs’ vision, drive and leadership at the helm of Apple, Inc., but rather to reinforce how deep Apple’s bench truly is.
More on Tim Cook via Fortune Apple 2.0 > HERE