Tuesday, April 30, 2013

Apple leaves tech innovation behind to focus on balance-sheet innovation

What would Steve Jobs think of the Apple bond issue?

Apple's $17 billion bond issue seems like an unnecessarily convoluted method of getting some of the cash horde "into the hands of the shareholders."

Although I suppose the fees earned by Goldman Sachs will quiet some of the squeakiest wheels clamoring for that cash.

Why does Tim Cook think this is a good idea? When you're sitting on 150 billions, you don't need to give a shit what the shareholders think.

Or what the self-dealing opportunists at GS think.

Focus on making great product, not keeping those so-called activist investors placated.

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