Tim Cook to step down as Apple CEO: Here's what it means

Apple shocking Wall Street last night announcing Tim Cook will step down as CEO in September. Cook will become executive chairman and John Turnis, the senior vice president of hardware engineering, will become CEO on September 1st. The announcement coming earlier than expected.Apple shares are lower today but have risen nearly 2,000% since Cook became CEO in 2011. The total return including dividend reinvestments 2400 or so during his reign. A $10,000 investment in Apple when he took over would be worth aro ...