CEO Tim Cook plays Apple's cash card

  • Article by: The Economist
  • Updated: April 28, 2013 - 11:29 AM

However, the biggest single share buyback in history will not solve the tech giant’s problems.

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sek2undrstndApr. 28, 13 9:41 PM

Share buybacks are a way to buy favor with investors, stuff the CEO's pocket with cash, and redistribute wealth from the wealth creators (employees) to the wealth parasites (investors).

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