If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(BusinessWeek)   Apple uses huge cash reserve to buy back stock and issue special dividend to repay investors suffering from 38% drop in share price over last 6 months. Just kidding, they're building a space-ship shaped "corporate Shangri-La" HQ instead   (businessweek.com) divider line 7
    More: Asinine, Apple Inc., company, infinite loops, reality distortion field, product design, Sun Microsystems, city planners, exteriors  
•       •       •

2117 clicks; posted to Business » on 04 Apr 2013 at 5:34 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



Voting Results (Smartest)
View Voting Results: Smartest and Funniest


Archived thread
2013-04-04 06:04:22 PM  
2 votes:
I'll be blunt; why should Apple give a shiat about current stockholders?  They're not investors.  The company doesn't make any money off them.  They're just paper holders who bought the stock second hand.  And due to their massive cash reserves, it's not like they have to worry about "investor" confidence dropping that would prevent them from issuing new stock.
2013-04-04 05:52:10 PM  
2 votes:
Apple shareholders deserve to have their money wasted like this.
2013-04-04 05:50:31 PM  
2 votes:
Years ago an investment advisor used the theory that if you are building a corporate complex meant to be more of a tribute to yourself, rather than being functional you were on your way down.
2013-04-04 05:45:08 PM  
2 votes:
Their stock was overvalued.  It's their money.  I don't see the problem here.
2013-04-04 07:51:48 PM  
1 votes:
One of the surest signs of a company that is in decline is when it moves into custom-built offices, as documented in Parkinson's Law several decades ago. And as Parkinson noted, in many cases that move comes precisely at the time when from the outside the organization appears to be in great good health, and only in retrospect is it apparent that it had already begun to fail.

Anybody else remember when Sun moved into the lunatic asylum?
2013-04-04 06:53:36 PM  
1 votes:

bingethinker: Subby is either a moron or a troll. They decided to put up that building long before the stock took a dive. They still need the office space, so they're not going to stop just because you think they should.

No, wait, you could be BOTH a moron and a troll.


actually, Apple can stop it. demolition of the existing site has not even begun yet.

in the meantime, the project's budget has almost doubled to $5 billion.

does it bother anyone else that the budget for an office building is significantly greater than Apple's annual R&D budget of $3.4 billion? this is pure corporate stupidity.

Before his death, Jobs had hoped to break ground in 2012 and to move in by the end of 2015. Apple will start tearing down the 26 buildings on the site in June, according to another person familiar with the plan. At the company's annual meeting on Feb. 27, Chief Executive Officer Tim Cook said the move-in date has been pushed back to 2016. Apple declined to comment for this article.
2013-04-04 06:38:27 PM  
1 votes:
Subby is either a moron or a troll. They decided to put up that building long before the stock took a dive. They still need the office space, so they're not going to stop just because you think they should.

No, wait, you could be BOTH a moron and a troll.
 
Displayed 7 of 7 comments

View Voting Results: Smartest and Funniest


This thread is archived, and closed to new comments.

Continue Farking
Submit a Link »
On Twitter





In Other Media


  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.

Report