Clearly not current law in California, or Apple itself would have started to distribute its $100 billion cash hoard as dividends under Jobs, instead of just let

Clearly not current law in California, or Apple itself would have started to distribute its $100 billion cash hoard as dividends under Jobs, instead of just letting it pile up. (Tim Cook announced this spring that he'd be giving out half of the money in dividends and stock repurchases, but he wasn't under any legal pressure to do so.)