Warren Buffett Praises Tim Cook's Leadership as Apple Investment Soars
At Berkshire Hathaway's annual shareholder meeting on Saturday, Warren Buffett offered high praise for outgoing Apple CEO Tim Cook, crediting him with transforming the company's investment into a staggering success.
Buffett credited Cook with turning Berkshire's $35 billion Apple investment into approximately $185 billion before taxes. He highlighted that this remarkable growth occurred without any direct involvement from him.
"I didn't have to do a damn thing."
Buffett noted that Cook "succeeded a legend" when he took over from Steve Jobs in 2011, and has since surpassed all expectations with the investment's growth. He emphasized that the transition to future CEO Greg Abel has been "100% successful."
During the meeting, Buffett called for shareholders to thank Cook, who acknowledged the applause. Cook, who announced his departure in April, was recognized for his steady leadership over the past 13 years.