What Apple Should Do with Its Massive Piles of Money
Harvard Business Review
OCTOBER 20, 2014
In this letter, I’d like to explain more fully why I view the $51 billion already spent by Apple on open market (including accelerated) share repurchases under your leadership as a major misallocation of resources for both the company and the U.S. Rather, they trade in outstanding shares in the hope that their market price will increase.
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