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You know things might be getting bad when a company sitting on a mountain of cash is deciding to scrutinize worker bee bonuses..
by indigodaddy 4y ago
You know things might be getting bad when a company sitting on a mountain of cash is deciding to scrutinize worker bee bonuses..
- indigodaddy 4y agoI actually thought that Apple had about the most cash on hand of any tech company or even almost any corp but I guess I was very wrong. Apparently it’s only #20, and MS, Alphabet and Amazon have more cash. I’m not sure how much I trust that they really do though (I definitely trust that Apple does). https://www.financecharts.com/screener/most-cash https://www.financecharts.com/screener/most-cash
- lapcat 4y agoApple had a much bigger cash pile in the past, but they've been public for years about their intention to reduce their cash position: https://www.cnbc.com/2018/02/02/apple-vows-to-cut-its-163-billion-in-net-cash-to-zero.html https://www.cnbc.com/2018/02/02/apple-vows-to-cut-its-163-bi...
- oblio 4y agoApple puts their money in their own huge fund called Braeburn. That's why you're not seeing the money.
- shostack 4y agoBecause in this economic climate they have newfound leverage to do so. If they didn't they'd be leaving money on the table.