4 ms·
You’re correct that my language is too loose there. Here’s what would happen: 1. Apple would declare that they are repatriating the money. 2. The shareholder
by dogruck 9y ago
You’re correct that my language is too loose there.
Here’s what would happen:
1. Apple would declare that they are repatriating the money.
2. The shareholders would disagree. They would sue, claiming that the company’s directors are obligated to do what’s best for the corporation. The shareholders would vote to replace the board, and the newly elected board would replace management.
The threat of #2 prevents #1.
- karmajunkie 9y agoYou're making some pretty ridiculous presumptions there. All Apple would have to do is pay a sizable dividend as one of the purposes of repatriation and any shareholder angst would evaporate.