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Oh I'm betting Jobs very much cared. He just had long term visions over the stock value and outcome rather than short term..
He understood - and that's a lesson that most US companies aren't interested in learning any more - that stock prices are supposed to reflect a company's actions, not dictate them. His distaste for dealing with stockholders is well documented.
And the penalty for not paying out isnt a revocation of tax status its
Failure to make the 5% minimum payout results in a penalty equal to 15 percent of the remaining amount of the total payout that was not distributed as required
Which means their penalty if they do nothing is .75% of total assets..
It would be cheaper for them to pay the .75% fee given I'm sure they earn more than that in interest.
He understood - and that's a lesson that most US companies aren't interested in learning any more - that stock prices are supposed to reflect a company's actions, not dictate them. His distaste for dealing with stockholders is well documented.
Most US companies indeed invest long term. To conclude they dont is silly.. Otherwise they wouldnt do things like build new factories or spend capital to buy up competition..
Most US companies indeed invest long term. To conclude they dont is silly.. Otherwise they wouldnt do things like build new factories or spend capital to buy up competition..
<shrug> Some do, some don't. With stock options becoming an ever more popular part of management compensation, executives are rewarded better for fast-payoff decisions. And with stockholders demanding perpetual growth - not in 5 years, but now - the temptation to put off longer-term investments must be overwhelming.
Jobs admitted he copied Xerox for their Windows, mouse, laser printer and his Ipod looked like the Braun radio from the 1960's. Apple put out a lot of faulty produces over the years. My first Mac Plus had no cooling fan so it burned up at 9 months thanks to Jobs. His first Iphone had terrible reception problems because of Jobs. He was a great guy but did not want to pay taxes and set up companies overseas to avoid them.
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