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What Apple Should Do with Its Massive Piles of Money

Harvard Business Review

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. Yet these careers and the returns that they can generate are not guaranteed.

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What Alan Greenspan Has Learned Since 2008

Harvard Business Review

Greenspan had a long career as a private economic analyst and forecaster behind him when he was appointed Federal Reserve chairman in 1987. The technology-stock bubble of the late 1990s and its subsequent deflation were among the defining events of Greenspan’s tenure. Why Fed chairmen can’t do research. They are not.