TIM COOK ISN'T GOING ANYWHERE SOON, BUT AN APPLE SHAKE-UP LOOMS

Summary from the TLDR newsletter

Apple's Chief Executive Officer Tim Cook is probably not going to leave anytime soon despite being mired in Apple's biggest crisis in years. Cook's longtime No. 2, Jeff Williams, just announced plans to retire, so there's no immediate successor ready to take the helm, and there haven't been signs that Cook has begun the process of grooming a replacement. The board also doesn't feel the need to make a change - while shares are down 16% this year, they've surged about 1,500% since he became CEO in 2011. While Cook is staying, the company has started a broad management shake-up - roughly half of Cook's direct reports could depart within the next few years.