Getting real about Apple’s $100 billion stock buyback.
So I was hearing some where that Apple has a lot of money just burning a hole in it’s pocket. Seems there’s an arson named Carl Icahn trying to really ignite it by using twitter.
Apple has implemented a plan to spend $100 billion of it’s current estimate of $148.6 billion pocket money by 2015 to buyback it’s stock. Mr. Icahn has tweeting his joy. Others say Apple needs to grow to grow it’s stock price. Now wouldn’t that be the New Deal thing.
Apple has 80,300 full time equivalent employees of which 42,800 are “outside the retail division”. Yup, you guessed…what if Apple instead of buying their stock back distributed that $100 billion to its employees? Try $1,245,300.01 to each of them by 2015. That’s 80 thousand new millionaires. Now that’s some job creating.