"what he wants" is unfortunately the guiding light, since he has the voting shares, but the money belongs ultimately to the shareholders. Apple pays a dividend

"what he wants" is unfortunately the guiding light, since he has the voting shares, but the money belongs ultimately to the shareholders. Apple pays a dividend: 0.59% yield at current price. Microsoft pays one, 1.17% yield. They both recognized a long time ago that they couldn't promise the shareholders that the company would invest the money better than they could.