When people like warren buffet own 100% of any company, it doesn’t last long. The beauty of Apple is that a majority of the stocks are owned by people who are interested in more than the bottom line. And it works. It’s what made the company great and will continue to do so.
When people like warren buffet own 100% of any company, it doesn’t last long. The beauty of Apple is that a majority of the stocks are owned by people who are interested in more than the bottom line. And it works. It’s what made the company great and will continue to do so.
Really? Tell that to Elliot and Barry Tatelmen, the owners of Jordan's Furniture, a New England institution. Berkshire Hathaway bought them (privately held) in 1999. Elliot Tatelman is still in charge of the company, and they've done nothing but prosper. I'd say the B-H is definitely in it for the long haul with them.
According to Wikipedia, BH owns a number of companies -- some decades ago -- that have continuted to prosper under their ownership. These include GEICO, Fruit-of-the-Loom, Russell Corporation (sports clothing), Justin Brands (owns boot brands Chippewa and Tony Lama Boots), Johns Manville fiberglass products, See's Candies, Dairy Queen, and the company that makes Ginsu knives. All of these are doing well, and are generally left to run themselves.
So collectively the Staff and executive of Apple own less than 5% or is there no measure as they aren't technically a block? Wondering more what percentage of shareholders would be keen to go private. Sounds like Buffet would.
So collectively the Staff and executive of Apple own less than 5% or is there no measure as they aren't technically a block? Wondering more what percentage of shareholders would be keen to go private. Sounds like Buffet would.
We don't know how much of Apple is owned by employees. But as of December of last year, Apple's current board and executive officers combined owned less than 1/10th of one percent of Apple.
Also, for Apple to go private the vast majority of its shareholders would have to sell their shares. A privately-held company is limited in the number of shareholders it can have.
If they'd bought all of that $25B of stock at $155.15 (the lowest closing price since January), they'd have made an additional $4.8B by today.
Actually they don't make any money on the share buyback. The shares are retired.
I believe they keep some to issue to employees and board members.
I have not read about that so a link would be helpful, but even if that is true Apple, the corporation, still doesn’t directly earn money on the value of the shares they repurchase. The idea is that by repurchasing stock they increase the value of shareholders investment by reducing the quantity of shares relative to the market cap.
When people like warren buffet own 100% of any company, it doesn’t last long. The beauty of Apple is that a majority of the stocks are owned by people who are interested in more than the bottom line. And it works. It’s what made the company great and will continue to do so.
Actually, about 2/3 of Apple stock is owned by institutional investors.
Vanguard and Blackrock and Mellon and State Street Corp. All they care about is the bottom line. All that Apple cares about is the bottom line. All that Tim cares about is the bottom line.
If making fun stuff for us to buy is a good method, they will pursue that strategy. They are not a civic benevolent fund. Their only goal is to maximize total profit and to send it to Wall Street. Period. Everything else is a means to that end.
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According to Wikipedia, BH owns a number of companies -- some decades ago -- that have continuted to prosper under their ownership. These include GEICO, Fruit-of-the-Loom, Russell Corporation (sports clothing), Justin Brands (owns boot brands Chippewa and Tony Lama Boots), Johns Manville fiberglass products, See's Candies, Dairy Queen, and the company that makes Ginsu knives. All of these are doing well, and are generally left to run themselves.
Wondering more what percentage of shareholders would be keen to go private. Sounds like Buffet would.
Also, for Apple to go private the vast majority of its shareholders would have to sell their shares. A privately-held company is limited in the number of shareholders it can have.
The idea is that by repurchasing stock they increase the value of shareholders investment by reducing the quantity of shares relative to the market cap.