3 ms·
Ha ha good luck, suckers. Negotiating with Apple is a fool's effort: they have too much experience and are too good at it. Amex are no dummies either (despite
by gumby 3y ago
Ha ha good luck, suckers. Negotiating with Apple is a fool's effort: they have too much experience and are too good at it.
Amex are no dummies either (despite a couple of near death experiences over the years). They'd be a good match with Apple from a consumer perspective but I find it hard to imagine that Apple would give up the terms of the sweet deal they struck with Goldman nor can I believe Amex would be willing to accept those terms.
Goldman isn't going to go out of business due to their botched consumer foray, but I'm sure Apple would be quite content to continue to peacefully pump blood out of Goldman until the original agreement runs out.
And Goldman: next time don't recruit a DJ to be your part time CEO!
- carabiner 3y agoThis is extraordinary because Goldman Sachs has been negotiating contracts for 150 years, from companies to governments. You can't expect them to win every bet, but it's a striking example that a tech company might have better financiers than a financial one.
- gumby 3y agoApple, headed by a supply chain guy, famously has a single balance sheet and pl, not divisions. They are not afraid of walking away from a deal that doesn’t meet their criteria, and they are past master at squeezing their suppliers. Goldman is a sprawling group of interests, far more transactional, and though it’s no longer a partnership, doesn’t speak with one voice like apple does. I don’t like Goldman, and while I use apple gear I don’t want to do business with them beyond making purchases.