CNBC's Jim Cramer said on Wednesday that CEOs won't come to Apple's defense regarding the European Union's tax ruling because they're afraid.
"Isn't it interesting that we did not have a typical group of CEO's add to the chorus of Tim Cook," Cramer said on "Squawk on the Street," "because they're afraid ... like 'listen, right now, lets lay low. Maybe they won't come after us.'"
Ireland, on the other hand, said Tuesday it would appeal the European Commission's rule, which ordered the Irish government to recoup billions in back taxes from Apple. The U.S. government also expressed disappointment in the ruling saying in part the tax assessments by the commission were "unfair."
Apple's stock was trading at slightly higher at $106.31 Wednesday morning.