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Bloomberg

John Ternus Emerges as Tim Cook's Possible Successor

Tim Cook, who's run Apple since taking over from co-founder Steve Jobs in 2011, probably doesn't expect to be in the room himself for another 15 years. While the tech giant's CEO has given no indication of an imminent transition, he's made it clear he wants his heir to come from within the company so he can serve as a mentor. The central candidate is John Ternus, senior vice president for hardware engineering, who oversees development of the devices that generate roughly 80% of Apple's revenue. At 50, Ternus is also younger than many of the company's other senior leaders, meaning he could be in the top job longer. Bloomberg News Managing Editor for Global Consumer Tech Mark Gurman joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec.

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Bloomberg

Cain CEO on One Beverly Hills Development Raising $4.3B

One Beverly Hills has secured $4.3 billion of construction financing in a land development project spanning 17.5 acres in Beverly Hills, with the first phases expected to be completed ahead of the 2028 Los Angeles Olympics. Jonathan Goldstein, Chief Executive Officer of Cain, the project's lead developer, discusses the development, and the future of luxury real estate. He talks with romaine Bostick and Katie Greifeld on "The Close."

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