?Numbers Show Apple Shareholders Have Already Gotten Plenty
Harvard Business Review
OCTOBER 16, 2014
9, armed with about 1% of Apple’s outstanding stock, the hedge-fund activist published an open letter to Apple CEO Tim Cook, urging him to accelerate the company’s stock repurchases by making a tender offer. The only time in its history when Apple raised funds on the stock market was its 1980 IPO, which provided it with $97 million.
9 
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