$30 dollars an hour to work in retail? You’ve got to be joking. If you want to make that kind of money, learn a skill besides operating a cash register and tidying up shelves.
Exactly, this type of work is a steppingstone. I worked at computer retail stores in my younger year and they always paid minimum wage, we were all college students and were proud to work there. Apple is a much better environment, pay, and benefits than any BestBuy or Microcenter.
While I was an owner, and employer, in businesses, I would prefer Apple take some of those tens of billions they’re throwing away in stock buybacks, and give their employees better compensation in various ways. I don’t like the way things have been going. It used to be one of the best places to work, but it’s quickly becoming repressive. There’s no need for that, Apple can afford to do anything required to meet employee expectations.
Stock buybacks are a throw away? Do you have a Retirement account? Mutual funds?
Stock buybacks are often a throwaway. When Trump and the GQP juiced the stock market in 2017 with tax cuts, a huge chunk went into buybacks. Execs cashed in of course, and all of that sugar-high “wealth” created by juicing stocks with our tax dollars vanished in thin air in March 2020.
Perhaps you heard all the people bitching about bailing out the airlines after they did all those stock buybacks?
People should be clear about what they mean when they say stock buybacks are a throwaway.
If you’re fiduciary responsibility is to the shareholders there are few better options than to buy back stock. It’s basic math. For example, if a company has 1000 shares outstanding each valued at one dollar and The company by his back 200 shares, The remaining 800 shares are now worth $1.25.
Except they aren't. Stock is worth only what someone will pay for it and there's zero evidence buybacks drove the price higher. That's unless you have some proof of how much Apple price increased because of them, and that it would have been stagnant or lower without. Otherwise, it's a matter of faith: It must be so because....
A guy much smarter than me about these things, Warren Buffett, might disagree.
While I was an owner, and employer, in businesses, I would prefer Apple take some of those tens of billions they’re throwing away in stock buybacks, and give their employees better compensation in various ways. I don’t like the way things have been going. It used to be one of the best places to work, but it’s quickly becoming repressive. There’s no need for that, Apple can afford to do anything required to meet employee expectations.
Stock buybacks are a throw away? Do you have a Retirement account? Mutual funds?
Stock buybacks are often a throwaway. When Trump and the GQP juiced the stock market in 2017 with tax cuts, a huge chunk went into buybacks. Execs cashed in of course, and all of that sugar-high “wealth” created by juicing stocks with our tax dollars vanished in thin air in March 2020.
Perhaps you heard all the people bitching about bailing out the airlines after they did all those stock buybacks?
People should be clear about what they mean when they say stock buybacks are a throwaway.
If you’re fiduciary responsibility is to the shareholders there are few better options than to buy back stock. It’s basic math. For example, if a company has 1000 shares outstanding each valued at one dollar and The company by his back 200 shares, The remaining 800 shares are now worth $1.25.
You would be better off making the case that that money might have been better spent on human capital rather than enriching shareholders. But stock bybacks are no throw away
You're basing your math on U.S. Buggy Whips' value remaining constant. Buybacks create nothing. That capital reinvested in the companies R&D, employees and infrastructure result in innovations that allow growth out of the buggy whip business and into the next big things like iPods>iPhones>Apple Silicon>AR/VR>transportation>healthcare
If buybacks create nothing then let’s flip the logic and math on its head. Ask yourself why companies don’t perpetually keep splitting their stocks? Answer: stock splits dilute the stock.
$30 dollars an hour to work in retail? You’ve got to be joking. If you want to make that kind of money, learn a skill besides operating a cash register and tidying up shelves.
Exactly, this type of work is a steppingstone. I worked at computer retail stores in my younger year and they always paid minimum wage, we were all college students and were proud to work there. Apple is a much better environment, pay, and benefits than any BestBuy or Microcenter.
A number of fruit-stand employees on Twitter have said they don’t see a good path for career growth and upward mobility within the organization if you start as a retail employee. The impression retail employees have is that Apple is a two tiered system of employment, one for retail and one for everyone else. I can’t speak to the truth of this personally, but if the retail employees have this impression that’s not good.
One might assume that Apple has a program that assists with employee education. Maybe a greater focus needs to be put on retail employees that have an interest in advancing their careers within Apple.
While I was an owner, and employer, in businesses, I would prefer Apple take some of those tens of billions they’re throwing away in stock buybacks, and give their employees better compensation in various ways. I don’t like the way things have been going. It used to be one of the best places to work, but it’s quickly becoming repressive. There’s no need for that, Apple can afford to do anything required to meet employee expectations.
Stock buybacks are a throw away? Do you have a Retirement account? Mutual funds?
Stock buybacks are often a throwaway. When Trump and the GQP juiced the stock market in 2017 with tax cuts, a huge chunk went into buybacks. Execs cashed in of course, and all of that sugar-high “wealth” created by juicing stocks with our tax dollars vanished in thin air in March 2020.
Perhaps you heard all the people bitching about bailing out the airlines after they did all those stock buybacks?
People should be clear about what they mean when they say stock buybacks are a throwaway.
If you’re fiduciary responsibility is to the shareholders there are few better options than to buy back stock. It’s basic math. For example, if a company has 1000 shares outstanding each valued at one dollar and The company by his back 200 shares, The remaining 800 shares are now worth $1.25.
You would be better off making the case that that money might have been better spent on human capital rather than enriching shareholders. But stock bybacks are no throw away
You're basing your math on U.S. Buggy Whips' value remaining constant. Buybacks create nothing. That capital reinvested in the companies R&D, employees and infrastructure result in innovations that allow growth out of the buggy whip business and into the next big things like iPods>iPhones>Apple Silicon>AR/VR>transportation>healthcare
If buybacks create nothing then let’s flip the logic and math on its head. Ask yourself why companies don’t perpetually keep splitting their stocks? Answer: stock splits dilute the stock.
See the fallacy yet?
If the market value (the market cap) of the company remains constant no matter how many share buybacks are executed, why would the shareholders of any company ever allow anything but share buybacks?
The rational market value of any company, according to Warren Buffett, is the sum of all expected future profits discounted for inflation; the price per share is the previous calculation divided by the number of shares outstanding. Profit is hardly an objective calculation and participants in the market are rarely rational. Buybacks have their place but have nothing to do with profit generation, so I disagree with your assertion that they are one of the best options for allocating a company's capital.
While I was an owner, and employer, in businesses, I would prefer Apple take some of those tens of billions they’re throwing away in stock buybacks, and give their employees better compensation in various ways. I don’t like the way things have been going. It used to be one of the best places to work, but it’s quickly becoming repressive. There’s no need for that, Apple can afford to do anything required to meet employee expectations.
Stock buybacks are a throw away? Do you have a Retirement account? Mutual funds?
Stock buybacks are often a throwaway. When Trump and the GQP juiced the stock market in 2017 with tax cuts, a huge chunk went into buybacks. Execs cashed in of course, and all of that sugar-high “wealth” created by juicing stocks with our tax dollars vanished in thin air in March 2020.
Perhaps you heard all the people bitching about bailing out the airlines after they did all those stock buybacks?
People should be clear about what they mean when they say stock buybacks are a throwaway.
If you’re fiduciary responsibility is to the shareholders there are few better options than to buy back stock. It’s basic math. For example, if a company has 1000 shares outstanding each valued at one dollar and The company by his back 200 shares, The remaining 800 shares are now worth $1.25.
You would be better off making the case that that money might have been better spent on human capital rather than enriching shareholders. But stock bybacks are no throw away
Hogwash. If a company spends $200 on share buybacks then the company has $200 less in assets and is therefore worth $200 less. So the remaining 800 shares are still worth $1 each for an $800 market cap. Share buybacks are only worthwhile when the company believes that the stock is undervalued or when they want to show confidence in the stock by pretending it’s undervalued.
"The company also helped Mcdonald's avoid responsibility in 2014 when a case alleged that the company retaliated against workers who participated in the Fight for $15 campaign."
Comments
See the fallacy yet?
One might assume that Apple has a program that assists with employee education. Maybe a greater focus needs to be put on retail employees that have an interest in advancing their careers within Apple.
The rational market value of any company, according to Warren Buffett, is the sum of all expected future profits discounted for inflation; the price per share is the previous calculation divided by the number of shares outstanding. Profit is hardly an objective calculation and participants in the market are rarely rational. Buybacks have their place but have nothing to do with profit generation, so I disagree with your assertion that they are one of the best options for allocating a company's capital.
No axe to grind by this journalist...