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CEO and board have a fiduciary responsibility to the shareholders. If Apple showed up with enough cash ($5-6B?) it would be hard for the board to say no. That k
by joshdickson 10y ago
CEO and board have a fiduciary responsibility to the shareholders. If Apple showed up with enough cash ($5-6B?) it would be hard for the board to say no. That kind of money might be an overpayment, but with the amount of cash that Apple has, you can afford to make any number of poorly priced strategic investments. Stripe is still small enough that Apple could vastly overpay and it would make little difference for Apple, while being enough money that the board had to agree to the deal.
That said, I sure hope they don't do that. Stripe would do better at a platform company like Amazon than Apple if it was decided they needed to be bought to continue growing.
- the_watcher 10y ago> CEO and board have a fiduciary responsibility to the shareholders. While there is a fiduciary responsibility, private != public in this regard. If the Collison's retain enough equity to control the company, doesn't matter what the rest of the board thinks (I have no idea what their cap table looks like, to be clear)