Apple CEO Tim Cook was named a runner-up in Time Magazine's Person of the Year listing, after he spent 2012 overseeing significant financial gains and product refreshes in the wake of the death of his company's iconic leader, Steve Jobs. President Obama earned the top honor, but Cook nabbed one of the four runner-up spots for his role in raising the company's market valuation and expanding its presence in China. Even following the current stock dip, Apple maintains its status as the world's most valuable company.
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