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Transcript: Apple CEO Tim Cook at Goldman Sachs

February 16, 2012

I think these two are both profound; they’re not things where we run separate P&Ls on, because we don’t do that–we don’t believe in that. We manage the company at the top and just have one P&L and don’t worry about the iCloud team making money and the Siri team making money.

via Transcript: Apple CEO Tim Cook at Goldman Sachs – Apple 2.0 – Fortune Tech.

You know, if Sony did this they’d be a lot better off…but that’s nothing profound.  Still, I wonder how many other companies are run with essentially one or two top level P&L centers…

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