Feeds

Financial wizardess joins Apple board, air of coolness noticeably diminishes

Hopefully wizardess is better than witch, here?

Secure remote control for conventional and virtual desktops

The founder of investment fund BlackRock has joined the Apple board of directors, perhaps giving a tantalising clue to the fruity firm's interest in entering the financial services arena.

Susan L Wagner, founding partner and director of BlackRock, has replaced Bill Campbell, who was the longest-serving member of the board and had racked up a massive 17 years of iService.

Wagner founded Blackrock in 1988 and, according to Apple, helped it became "one of the world’s most successful asset-management" firms.

“Sue is a pioneer in the financial industry and we are excited to welcome her to Apple’s board of directors,” said fruity fuhrer Tim Cook. “We believe her strong experience, especially in M&A and building a global business across both developed and emerging markets, will be extremely valuable as Apple continues to grow around the world.”

Cook was also sad to see Campbell step down, particularly as he had stuck with Apple through the bad old days before the second coming of Jobs.

“Bill’s contributions to Apple are immeasurable and we owe him a huge debt of gratitude. On behalf of the board and the entire company, I want to thank him for being a leader, a mentor and a friend," Cook added. “When Bill joined Apple’s board, the company was on the brink of collapse. He not only helped Apple survive, but he’s led us to a level of success that was simply unimaginable back in 1997.”

Wagner has had a hugely successful career, rising to the top of her game after taking an MBA in Finance from the University of Chicago. Fortune magazine put her on its list of the world's 50 most powerful women.

“I have always admired Apple for its innovative products and dynamic leadership team, and I’m honored to be joining their board,” said Wagner. “I have tremendous respect for Tim, Art and the other board members, and I look forward to working with them.”

The appointment of an expert in mergers and acquisitions reflects Apple's obvious appetite for snapping up other companies, a Cupertinian characteristic recently exhibited during its greedy gulping of the headphones manufacturer Beats.

Apple also has a long-standing interest in offering financial services like bonk-to-pay mobile payments, an area in which it holds patents. It might be hoping that Wagner can help it build relationships in this space and other arenas of the money business.

What this also might also indicate to some is that Apple has finally given up being cool. Back in the day, Steve Jobs quoted Bob Dylan, reinvented the music biz and spent every single day trying to make Apple computers the most beautiful (and button-free) objects since Michaelangelo first liberated a sculpture from within a hunk of marble.

Nowadays, we see a riper and older fruity firm. What would Steve say? ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Big Content outs piracy hotbeds: São Paulo, Beijing ... TORONTO?
MPAA calls Canadians a bunch of bootlegging movie thieves
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
Hungary's internet tax cannot be allowed to set a precedent, says EC
More protests planned against giga-tariff for Tuesday evening
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
ISPs handbagged: BLOCK knock-off sites, rules beak
Historic trademark victory, but sunset clause applies to future blocks
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Getting ahead of the compliance curve
Learn about new services that make it easy to discover and manage certificates across the enterprise and how to get ahead of the compliance curve.