Tim Cook Named to California's Economic Recovery Task Force

California Governor Gavin Newsom today unveiled a new business recovery task force intended to guide the state as it gets its economy back up and running as coronavirus shutdowns begin to ease in the coming weeks and months, reports CNBC.

timcooktokyonikkei
The task force will be co-chaired by philanthropist Tom Steyer and Newsom's chief of staff Ann O'Leary, and it will be composed of more than 70 members including Apple CEO Tim Cook and Disney Executive Chairman Bob Iger.

The task force will reportedly meet twice a month through the end of the year.

Cook's participation on the task force comes just after a virtual company-wide meeting for Apple employees where Cook outlined some details on the current situation and how things will likely evolve going forward. Cook reiterated that Apple is in a strong financial position and that it will keep investing in its research and development efforts "in a really significant way" as it seeks to maintain as much momentum as possible coming out of the crisis.

Note: Due to the political or social nature of the discussion regarding this topic, the discussion thread is located in our Political News forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.

Popular Stories

Apple Intelligence General Feature

Apple Intelligence Features Not Coming to European Union at Launch Due to DMA

Friday June 21, 2024 9:44 am PDT by
Apple today said that European customers will not get access to the Apple Intelligence, iPhone Mirroring, and SharePlay Screen Sharing features that are coming to the iPhone, iPad, and Mac this September due to regulatory issues related to the Digital Markets Act. In a statement to Financial Times, Apple said that there will be a delay as it works to figure out how to make the new...
iOS 18 on iPhone Feature

Everything New in iOS 18 Beta 2

Monday June 24, 2024 12:52 pm PDT by
Apple today released the second betas of iOS 18 and iPadOS 18 to developers, and the software adds support for new features that Apple is working on, plus it tweaks some of the interface changes that have been made in the updates. Apple will refine iOS 18 over the course of the next few months, with multiple changes and refinements expected from now until September. We've highlighted...
Apple WWDC24 Apple Intelligence hero 240610

Apple Explains iPhone 15 Pro Requirement for Apple Intelligence

Wednesday June 19, 2024 4:48 am PDT by
With iOS 18, iPadOS 18, and macOS Sequoia, Apple is introducing a new personalized AI experience called Apple Intelligence that uses on-device, generative large-language models to enhance the user experience across iPhone, iPad, and Mac. These new AI features require Apple's latest iPhone 15 Pro and iPhone 15 Pro Max models to work, while only Macs and iPads with M1 or later chips will...
amazon echo dot

Amazon Could Charge Up to $10/Month for Alexa

Friday June 21, 2024 2:55 pm PDT by
Apple competitor Amazon is working on a revamp of its Alexa assistant, and the new version could cost up to $10 per month, according to a report from Reuters. The upcoming version of Alexa will support conversational generative AI, and Amazon is planning for two tiers of service. There will be a free tier and a second, premium tier that is priced at $5 at a minimum, with Amazon considering...
top stories 22jun2024

Top Stories: Apple Watch X Rumors, New Final Cut App for iPhone, and More

Saturday June 22, 2024 6:00 am PDT by
The avalanche of news coming out of WWDC earlier this month is finally starting to slow, but that doesn't mean there wasn't still lots to talk about in Apple news and rumors this week. This week saw some additional rumors about the upcoming Apple Watch models, the release of major Final Cut Pro updates, the launch of Apple's annual Back to School promo in the U.S. and Canada, new...

Top Rated Comments

Z400Racer37 Avatar
55 months ago
"Business recovery task force?" You need a task force to figure out the best way to improve your economy is to get the hell out of its way? Stop strangling people with absurdly high taxes, and ridiculous regulations and regulatory agencies? Is it that difficult to figure out after all that history?
Score: 24 Votes (Like | Disagree)
Duane Martin Avatar
55 months ago

Hopefully Cook tells Newsom that he recommends ALL public companies in CA should be Forced to Pay Off ALL their Long Term Debt BEFORE buying Back any more Shares, OR paying out any more Dividends !

And that Apple will lead the way by paying-off its $100B+ (USD) of Long Term Debt !
And all Californians can be thankful that someone with your complete lack of knowledge of economics and money management is not on the task force. The world is a little more complex than you perceive it to be. "Debt is bad" is an ideology, not a practical rationale for managing finances.


"Business recovery task force?" You need a task force to figure out the best way to improve your economy is to get the hell out of its way? Stop strangling people with absurdly high taxes, and ridiculous regulations and regulatory agencies? Is it that difficult to figure out after all that history?
Speaking of history how did the U.S. deregulation of the banking industry work out for the entire world in 2008? And why do tax breaks always seem to benefit those who least need them and not the most vulnerable? If only it was all as simple as you imagine it to be.
Score: 22 Votes (Like | Disagree)
citysnaps Avatar
55 months ago

Good. Now leave Apple and stay in politics... It's what you've stuck your nose into for the past decade plus anyway.
I'm guessing you are not aware that Apple has around 37,000 employees in California. And that Tim Cook, being the CEO of Apple and responsible for those 37,000 employees, thus has a large stake in how California's recovery is handled.
Score: 18 Votes (Like | Disagree)
JPack Avatar
55 months ago
Let's hope there are also epidemiologists and doctors on this task force.
Score: 17 Votes (Like | Disagree)
konqerror Avatar
55 months ago

Hopefully Cook tells Newsom that he recommends ALL public companies in CA should be Forced to Pay Off ALL their Long Term Debt BEFORE buying Back any more Shares, OR paying out any more Dividends !

And that Apple will lead the way by paying-off its $100B+ (USD) of Long Term Debt !
You're saying Apple needs to spend their money to reduce debt with the lowest interest rates, instead of reducing higher effective interest rates, or investing in their business. Right.

Do you also pay off your mortgage before your credit cards?
Score: 17 Votes (Like | Disagree)
citysnaps Avatar
55 months ago

Ideal job for Tim, not that we'd like you to leave Apple Timmey, but if you can let someone with a bit of product innovation ambition lead, consumers would benefit a bit more.
No worries, mate. Mr. Cook is doing a fine job leading Apple, as evidenced by the hundreds of millions of repeat customers who after considering competing products, open their wallets and pay premium prices for Apple computers and devices. Year after year after year.
Score: 15 Votes (Like | Disagree)