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Tim Cook Officially becomes a Multi- Billionaire

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Tim Cook Officially becomes a Multi- Billionaire

Tim Cook, the Chief Executive Officer of multinational tech company – Apple, has joined the billionaires club as he officially becomes a billionaire.

Tim Cook Becomes A Billionaire

Apple’s market value has been on the rise following strong results and the upbeat outlook for tech giants.

Mr Cook owns 847,969 shares directly and took home more than $125m (£96m) last year as part of his pay package.

Last week, Facebook founder Mark Zuckerberg saw his personal wealth hit $100bn (£76bn).

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Technology companies including Apple, Facebook and Amazon have seen their profits grow during the coronavirus pandemic as more people went online.

Silicon-Valley based Apple is now closing in on the milestone of being the first company to be valued at $2tn. Two years ago it become the first company to be valued at $1tn.

Tim Cook Becomes A Billionaire

Mr Cook took over from Apple founder Steve Jobs nine years ago. His billionaire status is based on the shares he owns and the compensation he has been paid at Apple, and calculated by the Bloomberg Billionaires Index.

In 2015, he said he planned to give most of his fortune away and has already donated million of dollars worth of Apple shares.

Facebook’s Zuckerberg has made a similar pledge to give away the majority of his shares.

Mr Zuckerberg, along with Amazon’s Jeff Bezos and Tesla’s Elon Musk, accrued their wealth from the huge stakes in the companies they founded.

In comparison, Mr Cook’s stake in Apple is minuscule at about 0.02%.

Based on US federal and state taxes for California, Mr Cook would face a tax rate of just over 50%, as a top-bracket earner.

While Apple has not revealed any new products as groundbreaking as its iPhone, the company has still thrived since Mr Cook took over the reins.

He has overseen the development of devices such as the iPhone X and Apple Watch, along with new services like Apple Music.

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Economy

WTO: The Hon. Speaker of Ndigbo Youth Parliament (NYP) Congratulates Ngozi Okonjo-Iweala.

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WTO: The Hon. Speaker of Ndigbo Youth Parliament (NYP) Congratulates Ngozi Okonjo-Iweala.

The Hon. Speaker of Ndigbo Youth Parliament (NYP), Rt. Hon. Rikki Chinedu Nwajiofor, has congratulated Dr. Ngozi Okonjo-Iweala on her recent appointment as the DG of WTO.

The Speaker who took to his Twitter handle said;

“@NOIweala Ndigbo Youth Parliament (NYP), heartily, felicitates with You on your appointment as the DG of WTO. It’s an appointment well deserved! Ndigbo Youths, worldwide, are proud of you! Continue to soar higher as we pray for more feathers on your highly feathered cap!

Addressing the press, after his tweet, Rikki Nwajiofor praised Ngozi okonjo-iweala for her outstanding personality and unequalled performances in all her careers and appointments. He addressed her as the doyenne of modern economists, an outstanding Igbo personality and a role model for the girl-child in Igbo land and the world at large.

 

“We, Ndigbo Youth Parliament and Ndigbo at large are proud of Dr. Ngozi Okonjo-Iweala. She has always done us proud right from her days in the world bank, down to Nigeria as the Finance Minister and now the DG of World Trade Organization – WTO.

“She has broken the records as the first woman and the first African to attain that prestigious position. It is not a height attained by a sudden flight, it’s a height attained by unparalleled track records of all her outstanding performances in her career and appointments.

“She is simply a doyenne of modern economists, an outstanding Igbo personality, an exceptional woman of valour, a trailblazer and a role model for the girl-child in Igbo land and the world at large.

Rikki Nwajiofor also appreciated President Buhari for the unflinching support he gave Okonjo-Iweala all through the process of selection. He said that this singular act of support has demonstrated that Buhari is not an enemy of Ndigbo.

“I thank all those who supported our doyenne – Ngozi Okonjo-Iweala all through the process of the selection. I appreciate, in a special way, President Buhari for lending his unalloyed support to the prestigious daughter of Ndigbo during the period of selection.

“This singular act of unalloyed support to our doyenne has demonstrated that President Buhari is not an enemy of Ndigbo.

“I also want to use this opportunity to plead with President Buhari to consider more of patriotic Ndigbo personalities, especially Ndigbo Youth, as he makes further appointments in his government. Ndigbo are resourceful personalities and will always strive to prove their worth and ingenuity when given the opportunity”, he said.

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Economy

NLC set to shutdown CAC Operations from Wednesday

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NLC


The Nigeria Labour Congress (NLC) have resolved to mobilize the strength of the Nigeria workforce to picket the National Headquarters of the Corporate Affairs Commission (CAC) at the expiration of 14 days ultimatum’ effective from Wednesday, February 24-26, 2021.

According to communiqué signed by Comrade Ayuba Waba NLC President, Comrade Emmanuel Ugboaja General Secretary and made available to Aluta News in Abuja on Sunday

They Apex body of the Nigeria Labour Unions has berated the management of CAC for an attempt to kill unionism in the establishment through punitive transfer of trade Union executive,withholding of workers salaries and refusal to remit statutory deductions.

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The NLC also frowned at the anti-labour practices by Alhaji Garba Abubakar Registrar General of the CAC
Recalled that the National body of AUPCTRE led by Comrade Benjamin Anthony had made frantic effort to dialogue with CAC management but failed

The CAC RG has ignored every avenue of dialogue and peaceful resolution provided by AUPCTRE which eventually led to the Apex body taking over the dispute with the hope of having amicable resolution’ but also yielded no result because the CAC RG continue to remain adamant and firm with his alleged tyrannical agenda!!

According to Aluta news, the branch Union, among other issues, accused CAC management of unilaterally restricting staff vacancies against the recommendations of the committee on the commission’s oganogram, and particularly expressed disgust at the “unjustified barring of certain categories of staff from writing promotion examination”.

It also accused management of stopping all staff loans, hasty, draconian and unilateral decision making leadership style, and denial of 2019 promotion arrears to deserving workers.

It also accused management of stopping salaries of workers even before queries were issued, at the peak of COVID-19 pandemic.

Instead of addressing the Union grievances the Registrar General CAC transferred all the 25 executive and members of the Union to a new station.

Showdown

Sensitization, mobilization currently ongoing in all branches of AUPCTRE and others affiliates of NLC toward ensuring a successful picketing of CAC National Headquarters.



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Economy

“The greatest form of disability in life is not knowing your ability”- Adekeye Johnson

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Skill and Ability

I recommend you read this piece. It makes a lot of sense.

“Education is what remains after one has forgotten everything he learned in school. It is a miracle that curiosity survives formal education”
— Albert Einstein

The greatest form of disability in life is not knowing your ability. Your winning edge in life is not the degree you have acquired or the certificate you possessed, but your ability to solve problems.

Whenever I interview graduates, I am not so keen on their qualifications; I am only keen on their special skills, experiences and their unique approach to problem-solving. Most of them cannot even apply the knowledge they have acquired in school to solving life problems. The 21st Century employer doesn’t necessarily pay you a salary for the certificate you possess, but for the problems you can solve.

The reality of life is that there are more employable graduates than the available jobs, and it is only graduates that can actually think beyond their certificate that would eventually find their own place in life. Mark Twain said: “Don’t let schooling interfere with your education.” The proof of going to school is your certificate, but the proof of your education is in your ability to solve problems through innovation and creativity.

Graduates that cannot solve problems are liabilities. Education is not just about going to school and getting a degree; it is about widening your knowledge, thinking creatively and absorbing the truth about life. We must see our education beyond our certificates. Many people spend their precious years in school only to end up acquiring certificate, not education. Einstein said: “Education is not the learning of facts, but the training of the mind to think.” Have you ever heard of the creativity term, ‘think outside the box?’.

One of the major reasons why most graduates are poor is because they cannot see and think beyond their certificates. I have seen engineering graduates work as bankers. I have seen medical doctors with great skills in web and graphic designs. I have seen lawyers that are very dexterous with finances. The list is endless!

The basic truth of life is that the skills needed to be much sought after and become more successful in life are not really found within the walls of the classrooms. Your certificate is just proof that you are teachable; it does not suggest what you are totally capable of doing. You are full of possibilities when you think beyond your degrees and certificates.

If you remove your certificate from the picture, what are those things you can do effortlessly so well? You would definitely need the knowledge you have acquired in school, but they must not define your limitations. Don’t allow your certificate to put a limit on what you are capable of doing. Your education goes beyond acquiring certificate; it is your ability to solve problems. While schooling leads to confinement, education is an adventure. While schooling makes us learn through rules and facts, education makes us learn through exposure.

I have seen many graduates being successful in areas that have nothing to do with their course of study. Most students are studying what they don’t even like in tertiary institutions, and further placing them in industries that have nothing to do with their passion and gift is a waste of their potentials. It doesn’t make much difference what you study, so long as you don’t like it.

I am privileged to be the Editor-in-chief of a youth magazine called Maximum Impact, and it is amazing to know that the organisation that completely handles the design and publication of the magazine is founded by a medical doctor that graduated from the University of Ibadan. Funke Akindele-Bello and Femi Adebayo-Salami are both lawyers and they’re the Stars of Nollywood Today.

Peter Amangbo, the Chief Executive of Zenith Bank Plc studied Engineering in school. Adesola Kareem’s Adeduntan, Group Managing Director/Chief Executive of First Bank Nigeria Plc and subsidiaries is a Doctor of Veterinary Medicine (DVM) from the University of Ibadan. Former Chief Executive of defunct Diamond Bank Plc, Uzoma Dozie, had his first degree in Chemistry from the University of Reading in 1991 and a postgraduate degree in Chemical Research from Imperial College, London.

It is not compulsory that you practise what you studied in school. Your first degree is just for cognitive development; further development of your logical thinking, numeracy, communication skills, and networking is not something you would learn in school

The world is full of limitless possibilities for people who can think beyond their certificates. Education is a life-long process; it is not limited to a classroom, a structured period of time or formal instruction. You must be willing to navigate beyond the confines of your certificate to really make a meaningful impact in life.

One of the most profound laws in science is the Avogadro’s Law, which proposed that under controlled conditions of temperature and pressure, equal volumes of gases contain an equal number of molecules. Amedeo Avogadro made a lasting impact in the field of Mathematics, Chemistry, and Physics and also made the city of Turin in Italy popular all over the world for his famous and legendary discovery. He later became a Professor of Physics at the University of Turin.

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Unknown to many, Avogadro actually studied Law and graduated in Jurisprudence in 1792 and subsequently became a senator in the Piedmont Region of northern Italy. He pursued his doctorate in Ecclesiastical Law and obtained his higher degree in 1796, but there was something missing in Avogadro’s life that the study of Law could not fulfill- his secret love for sciences.

He pursued law at the insistence of his Father, who wanted him to inherit his Law firm and empire. But his heart was actually in the sciences.

His father, Filippo, was a magistrate and senator seriously obsessed with his own aristocratic background and felt that his son must follow his own trail. Privately, without his father’s permission, Amedeo created time to pursue his heart desire in Mathematics and Physics and eventually proposed a law that changed the field of science forever.

The Avogadro’s Constant (6.02 × 1023), the number of molecules in a gramme molecule or mole of any substance has become a fundamental constant of physical science and arguably the most important constant in the field of Science.

If a man that obtained a doctorate degree in Law could propose a foundational law to guide scientists, then you must also endeavor to think beyond your certificate. Your certificate may not reveal your natural endowment and unique abilities, and that is why the list is endless of people who studied something in school, but later found out that their circle of impact is really beyond their certificates.

Jim Rohn said: ”Formal education will make you a living;Self-Education will make you a Fortune.” Most of the world’s richest people today dropped out of school when they realised that their schooling was interfering with their education. They came to a juncture in their lives when they needed to make a decision between formal education in school and self-education beyond the school walls.

Formal education makes you a living; Self-Education makes you a Legend. Formal education would teach you how to conform to society, while Self-Education would teach you how to get out of conformity so that you can fill your life with adventure and beauty.

My own personal life trajectory has followed a pattern that I never anticipated. I studied Pure Chemistry at the University of Ibadan and also had my Master’s in Analytical Chemistry, but today, people know me as a Columnist in national and international tabloids. I am privileged to be the Editor-in-chief of a youth magazine and mentor to the youths on so many platforms.

Amazingly, I never learned all these in school; they were the hidden passions that I developed and nurtured personally over the years. The skills I am using today are not reflected in my certificates.

We have to be more robust in our approach to learning and must never allow our schooling to interfere with our education. Graduates that don’t think beyond their certificates would ultimately become endangered species in a world that needs Multi-Skilled Abilities to solve problems.

I am reaching out to all the graduates out there: Stop attaching your frustration to government and lack of jobs. Stop attaching the reasons why you are poor to external forces. You are poor because the skills needed for you to be rich are beyond your certificates. Acquire experiences that are beyond your certificates. Get exposures that are different from your qualifications in school. Think beyond your certificates and your possibilities would be limitless.

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