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This gives me a bad feeling. On the one hand companies are arguing that their only obligation is shareholder value. How can they square this with spending money
by Ididntdothis 7y ago
This gives me a bad feeling. On the one hand companies are arguing that their only obligation is shareholder value. How can they square this with spending money on stuff that doesn’t benefit them? More likely this is geared towards benefitting Apple but probably doesn’t do anything to address systemic problems. In the end California needs to build much more housing especially in areas like SV or LA.
- Rebelgecko 7y agoIf they're taking advantage of laws for "Opportunity Zones" and such, there are some substantial tax benefits for investing their money this way. It's not gonna have a huge impact on the bottom line for a company like Apple, but it beats having $100 billion just sitting in the bank