Friday, March 2, 2012

CEO Tim Cook "headache" because Apple is too much money!

Apple CEO Tim Cook's "headache" to find how to deal with huge sums of money nearly $ 100 billion in reserves. His intention is to pay dividend to shareholders, but this is not what the late founder Steve Jobs wants to do.
                           CEOs understand that money so Tim Cook did not know what to do, and he said the best option is to pay dividend to shareholders.
 In the question and answer session at the annual meeting with shareholders of the company yesterday, Tim Cook said he and the board of directors of Apple going to decide the amount of $ 98 billion in cash reserves of its banking .
New CEO of Apple said the board is thinking very carefully about this, and "how to solve our sure not everyone agrees."
The Apple will handle the number of how much cash reserves is a very sensitive issue, because before that the co-founder Steve Jobs flatly rejected the proposed share dividend to shareholders. Apple has stopped paying dividends to shareholders since 1995 when the company went bankrupt and need to save every penny. At that time, Microsoft came to Apple with saving $ 150 million investment, and this is the time Steve Jobs returned to Apple as CEO after 10 years he quit the company because of disagreements with the board of directors. This turned out to be one of the smartest decisions of Apple.
Haunted by hard times, Steve Jobs has always maintained a lot of cash hoarding whether Apple has become the most expensive brand of planets in his later years.
However, the new CEO Tim Cook was notorious sobriety seems to want to share this large sum of money for shareholders.
In the meeting yesterday, Tim Cook, Apple has clearly point to spread out an amount in the reserve budget. "Frankly, companies have more money than demand."
However, the new CEO says it will pay dividend only once a year 1 instead of 3 times a year as required by the shareholders.
The growth of Apple's cash increased dramatically. Particularly in the last quarter of 2011, a week of Apple's cash reserves increased by $ 1 billion. Currently, the "bad apple bites" are $ 98 billion cash reserves.
On market value, Apple is now the most expensive brand planetary value of $ 480 billion, higher than both giant Microsoft and Google combined.

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