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

Generic iOS 18 Feature Real Mock

iOS 18 Available Now With These 8 New Features For Your iPhone

Sunday September 15, 2024 10:09 am PDT by
Following over three months of beta testing, iOS 18 was finally widely released to the public on Monday, September 16. The update is available in the Settings app under General → Software Update on the iPhone XS and newer. Below, we have highlighted eight key new features included in iOS 18, and Apple shared a complete list of new features and changes last week. Note that Apple...
iOS 18 Public Beta Thumb 1

Here's When iOS 18 Rolls Out Today in Every Time Zone

Monday September 16, 2024 3:56 am PDT by
It's that time of year again. Apple is about to release iOS 18, which promises to bring a range of new features and improvements to iPhones worldwide. It's Apple's biggest software update of the year, and the company is expected to release it sometime today – Monday, September 16. Based on past releases, the update is likely to drop at around 10:00 a.m. Pacific Time/1:00 p.m. Eastern...
apple silicon mac lineup wwdc 2022 feature purple

M4 Macs, New iPad Mini, and iPad 11 Expected at Upcoming Apple Event

Sunday September 15, 2024 5:29 am PDT by
Apple will likely hold another event in October this year to announce new Macs and iPads. If so, it would be the fourth time in the last five years that Apple has held an event in October. Last year, Apple held a virtual event on Monday, October 30 to announce new MacBook Pro and iMac models with the M3 series of chips. In his Power On newsletter today, Bloomberg's Mark Gurman reiterated...
M4 Mac mini Black Ortho Cooler

Apple Leaks New Mac Mini With 5 USB-C Ports

Monday September 16, 2024 11:40 am PDT by
Apple has seemingly leaked the rumored next-generation Mac mini with five USB-C ports, according to a code change within Apple software that was discovered today by MacRumors contributor Aaron Perris. The code refers to an unreleased Mac mini model with an Apple silicon chip and five ports, which lines up with a previous report from Bloomberg's Mark Gurman that said the next Mac mini will be ...
16 pro

iPhone 16 Pro Demand Has Been Lower Than Expected, Analyst Says

Sunday September 15, 2024 3:58 pm PDT by
Apple analyst Ming-Chi Kuo today said demand for the iPhone 16 Pro and iPhone 16 Pro Max has been "lower than expected" since the devices became available to pre-order in the U.S. and dozens of other countries on Friday. Kuo said his data is based on a "supply chain survey" and shipping estimates listed on Apple's online store. Kuo estimated that sales of all four iPhone 16 models reached...
Beyond iPhone 13 Better Blue Face ID Single Camera Hole

10 Reasons to Wait for Next Year's iPhone 17

Friday September 13, 2024 2:40 am PDT by
Apple's iPhone development roadmap runs several years into the future and the company is continually working with suppliers on several successive iPhone models simultaneously, which is why we sometimes get rumored feature leaks so far ahead of launch. The iPhone 17 series is no different – already we have some idea of what to expect from Apple's 2025 smartphone lineup. If you plan to skip...

Top Rated Comments

Z400Racer37 Avatar
58 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
58 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
58 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
58 months ago
Let's hope there are also epidemiologists and doctors on this task force.
Score: 17 Votes (Like | Disagree)
konqerror Avatar
58 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
58 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)