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I think it would be awesome if Apple could somehow go "unpublic." Is there a word for that? Buy back all of their stock and dissolve it. A powerhouse of design
by zacinbusiness 13y ago
I think it would be awesome if Apple could somehow go "unpublic." Is there a word for that? Buy back all of their stock and dissolve it. A powerhouse of design and engineering like Apple would be a real force if it didn't have to blow their asshole investors each quarter or risk some kind of coup.
- dredmorbius 13y agoIs there a word for that? "Private"
- zacinbusiness 13y agoIt's 6am. Also I'm a dumbass sometimes. But thank you :-)
- dredmorbius 13y agoNo worries.
- lotsofmangos 13y agoThat's what Dell just did.
- amirmc 13y agoAnd Richard Branson's Virgin Group. Also, DeBeers diamond business, I believe.
- repsilat 13y agoA company can't buy itself, at least in cash. The cash reserves of a company are (or should be) worth less than the company itself. The company obviously can't raise capital to buy itself by issuing shares, so it would have to get the money loaned to it. At this point I think it needs to convince its creditor that its stock is undervalued, and at that point the creditor is better off just buying the undervalued shares themselves. If they bought enough then they could take the company private if they wanted. Now, maybe if someone who owned a company outright decided to donate all of their shares to the company, then it could "own itself". I don't know how that might work legally, though.
- zacinbusiness 13y agoCould a company create a second business (I'd go with Apple ][) and then have the second company just buy the original company for like a dollar? I'm assuming there are legal reasons why that can't happen.
- valleyer 13y agoLike… the shareholders would not agree to that?