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Because investors own apple, so apple has to do what investors want. Or more specifically the CEO has to do what investors want otherwise they fire him and find
by Yujf 4y ago
Because investors own apple, so apple has to do what investors want. Or more specifically the CEO has to do what investors want otherwise they fire him and find someone else who will do what they want
- threeseed 4y ago> Or more specifically the CEO has to do what investors want otherwise they fire him The board is the one that has the power to fire the CEO not shareholders. And yes shareholders are involved in deciding the composition of the board. But unless there is some egregious governance issue or a complete breakdown in financials no one is going anywhere.
- Someone 4y agoReplacing the head honcho doesn’t guarantee that share prices will start growing rapidly. It’s quite possible that no CEO in the world can accomplish that. Also, as I said, share prices don’t need to go up to make investors happy. for example, the typical pension fund is perfectly happy with an investment that will never win them the jackpot, but also is extremely unlikely to lose them everything, and very likely will regularly pay dividends. So, a majority of Apple’s shareholders may be perfectly happy with the status quo.