Ralph Nader Once Again Assails Apple’s Stock Buybacks
13th August 2018
The man who made a career of telling other people what to do is not about to stop now.
The longtime consumer advocate, in a new interview, says Apple could have spent its cash pile on hiring, on pensions, or on stepped-up recycling programs, rather than on stock buybacks.
They also could have spent a tiny fraction of it on putting out a contract to whack Ralph Nader. As an Apple stockholder, I would vote for that.
August 13th, 2018 at 11:20
Apple didn’t need more employees, or they would hire them. The pension funds are likely invested in mutual funds that increase in value when the stock they hold, e.g., Apple, increases in value due to things like stock buybacks. The point of recycling is to reduce costs, not to increase them.
Some people would complain if they were drowning in a vat of cold beer.