Analysts praise Apple's exec overhaul, see hints of future sea changes

Few downsides in the short-term from iOS dev chief's exit

By , Computerworld |  IT Management, Apple

But as industry analysts took the executive suite changes in stride, Wall Street did not: In the first day of trading since the Monday announcement, Apple shares were down more than $10, or about 1.6%, and fell under $600 for the first time since July 30.

Almost as an afterthought, Apple also said that Browett, who had started working for Apple only last April, was leaving. Not a surprise, said the experts: Last summer, Browett instituted a staffing-level change in the company's stores that not only was quickly reversed, but triggered a public apology from Apple.

"I was very skeptical when they hired [Browett]," said Milanesi. "I'm from the U.K., and very familiar with Dixons."

Before being hired by Cook, Browett was the CEO of Dixons Retail, Europe's second-largest electronics chain. Dixons has struggled for years, and carries a reputation as a down-scale retailer much less polished than Apple's own chain of brick-and-mortar outlets.

Gottheil cut Cook some slack for hiring, then quickly firing Browett.

"I don't blame anyone for making a bad hire," said Gottheil, whose resume includes 13 years as a product design manager with Lotus, the maker of the once-dominant Lotus 1-2-3 spreadsheet. "I've made bad hires. But I blame people for keeping a bad hire."

Gregg Keizer covers Microsoft, security issues, Apple, Web browsers and general technology breaking news for Computerworld. Follow Gregg on Twitter at @gkeizer, on Google+ or subscribe to Gregg's RSS feed. His email address is gkeizer@computerworld.com.

See more by Gregg Keizer on Computerworld.com.

Read more about macintosh in Computerworld's Macintosh Topic Center.


Originally published on Computerworld |  Click here to read the original story.
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