• Apple's plan to give away most of its cash might have had an unlikely supporter: Steve Jobs

    2 monthes ago - By Business Insider

    Apple has announced plans to get to a $0 net cash balance, likely via even larger scale dividend and stock repurchase programs than it has in place now.
    On its face, the move seems contrary to the financial conservatism founder Steve Jobs helped instill in it; under Jobs, Apple eliminated its debt and stockpiled cash.
    But Fred Anderson, who served as Apple's chief financial officer under Jobs and worked closely with him to return it to health after it nearly failed, thinks he would have eventually understood and supported the move to return cash to shareholders.
    Investors may love Apple's...
    Read more ...

     

  • Apple's plan to give away most of its cash might have had an unlikely supporter: Steve Jobs

    Apple's plan to give away most of its cash might have had an unlikely supporter: Steve Jobs

    2 monthes ago - By Business Insider

    Apple has announced plans to get to a $0 net cash balance, likely via even larger scale dividend and stock repurchase programs than it has in place now.
    On its face, the move seems contrary to the financial conservatism founder Steve Jobs helped instill in it; under Jobs, Apple eliminated its debt and stockpiled cash.
    But Fred Anderson, who served as Apple's chief financial officer under Jobs and worked closely with him to return it to health after it nearly failed, thinks he would have eventually understood and supported the move to return cash to shareholders.
    Investors may love Apple's...
    Read more ...