Apple CEO Tim Cook informed the Senate the other day that he had no intention of moving Apple's 100 billion off-shored cash hoard back to America until such time as US authorities dropped their tax rates to the 2% his company pays in Ireland.
Not long after Tim was done delivering his ultimatum to the Senate Finance Committee, a bridge in Washington State fell into the Skagit river.
While the short-term explanation of the Skagit River disaster will focus on that unfortunate Canadian trucker, in the long term saner minds are sure to afix blame to America's non-existent infrastructure renewal program.
Tens of thousands of bridges in America need rebuilding. That will require many billions of dollars.
But American companies are given a kiss and a hug for figuring out how to offshore their revenues and avoid American taxes.
How will that mind-set fix the Skagit River bridge?
Showing posts with label Tim Cook. Show all posts
Showing posts with label Tim Cook. Show all posts
Friday, May 24, 2013
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.
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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