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Apple CEO Touts $100-Million in Donations in Internal Meeting

February 3, 2012, 10:52 am

Tim Cook, who took over as chief executive of Apple after Steve Jobs’s death last year, highlighted the tech firm’s philanthropy during a “town hall” meeting with staff last week, according to technology-news site The Verge.

Citing unnamed sources, The Verge reports that in discussions about Apple’s fourth-quarter performance Mr. Cook noted $50-million in contributions to Stanford University hospitals and talked extensively about the firm’s support of Product Red, which raises money to fight AIDS and other diseases and has received $50-million from the company.

In contrast to Mr. Jobs, whose lack of public giving and dislike of high-profile philanthropy generated criticism from some quarters during his life, Mr. Cook has sought to foster Apple’s giving, restoring a companywide charity match program shortly after taking office.

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