Apple CEO, Tim Cook has just been named "Person of the Year" by the economic-oriented newspaper, Financial Times. The reasons behind their decision to crown Cook stem from his financial success with Apple Inc. to his humanitarian views of putting principles before profits.

According to AppleInsider, after the London based newspaper officially named Tim Cook as the winner of this year's "Person of the Year," they provided some reasons why.

Apparently, Financial Times noticed that Apple shares were up 50% at the time of the corporation's annual shareholder meeting, which took place last February. However, Cook took it upon himself to prompt the investors to "get out of the stock," if they considered human rights, accessibility for people with special needs, or renewable energy, over company profits.

Setting that aside, and stepping into Apple's finances, AppleInsider, wrote in a report, "In 2014, Apple's value has increased by nearly as much as rival Google's entire market capitalization."

Evidently, this is part of the reason why Financial Times would select to name Tim Cook as "Person of the Year," as he's had a major impact on the company's growth. The report goes on to mention that Cook's personal hand in the unveiling of new software and hardware, like Apple Pay and the Apple Watch, contributed greatly to his new and honorable title.

Moreover, other factors that weighed in on the decision by Financial Times to make Tim Cook "Person of the Year," involve ethical motions he's made for his company.

According to the AppleInsider report, "[Tim Cook's] also increased diversity in the company's executive ranks, improved transparency in his company's supply chain, reduced dependence on oil and non-renewable energy, lessened use of conflict minerals, and more."

In regards to how he diversified Apple's top ranking officials, a Financial Times announcement post provides some insight. It reads, "Cook has added three women to what was previously a white-male-dominated executive team and changed Apple's board charter to commit to seeking out candidates from minorities when appointing directors."

Clearly the publication has numerous and well founded reasons for selecting Tim Cook as their "Person of the year," which many Apple fans and non-Apple fans alike surely agree with.