As much as we complain about Tim Cook he actually donates to charities. Steve Jobs almost never if ever did.
This post is worthy of a downvote? Wow.
Any post is worthy of a downvote. Welcome to real life, where people are allowed to disagree with you AND they are allowed to express their disagreement with you.
It's not your decision. Apple has reporting requirements. And they actually MUST do right by the investors. By law, they must do the right thing for their investors.
Unless you give at least one cent, it’s in poor taste to spend other people’s money.
Spending other people's money without their permission is actually THEFT. Don't do that.
You prefer a multibillion shareholders buyback?
Being from NL, you don't seem to know what a share buyback is. It is a legitimate business decision, and the best investments often buy back shares.
I find it odd that Apple never says the amount of the contribution. If they are proud of it, state the amount. Cook had no difficulty in highlighting the amount of his contribution to Trumps upcoming ceremony. However, Cook only piled in a few days after Zukerberg publicized his contribution.
Eventually, it will be disclosed in Apple's corporate filings. But announcing it publicly could actually get them in trouble with the SEC (Securities and Exchange Commission).
Well said.
There’s a really big reason why they don’t say any amount…
Tim being the miser that he is doesn’t want to overcommit
You don't know if that's true or not. Reality is different than your imagination. It's a lot more likely that Apple's legal counsel has counseled on this. For all you know, this kind of thing has to follow a corporate policy and procedure.
Announcing a figure that is seen as too high; that could cause a stock crash.
Also, Apple is due to report quarterly earnings in 21 days. It's possible that an announcement of any amount right now would confuse the public and the stock market.
There are probably a hundred good reasons for not announcing an amount, either at this time or ever.
This isn’t an either or. Unless you give also, imo, you have no right to criticize apple especially when they have given and you haven’t.
Anybody can say what they believe. It's kind of rude to play "gatekeeper" and insist that somebody who just has an opinion needs to follow some form of penance or do some kind of "thing" to earn your approval for their opinion to be valid.
Now if you go after him on his failure of facts, that's different. I'll support you all day long if you can find a factual wrong thing he said, or if you can show that he's being hypocritical or encouraging a crime.
Not true!
Announce a minimum commitment level
One can always go up
Tim sure didn’t mind talking about his personal donation amounts with specificity
I've already covered this. There could be lots of reasons a company might not disclose "commitment levels". One of those reasons is that stockholders like me might not think it's fair for the company to make ANY commitment while constantly raising prices for their products and services.
As an investor, I have expectations that Apple would always do the right thing for apple, for its shareholders, and for its customers. If I disagree with donating to California relief efforts, then Apple is doing it without my consent.
What do you know. What I would really find distasteful is when Apple announces a multibillion shareholder buyback in their earnings call this januari 31, when they could have done so much more with their money in helping with this disaster.
Distasteful? You're not even from here. You probably don't even own any stock in the company. You wouldn't even have any standing to complain to the authorities about any company publicly traded on any of the US stock exchanges.
It’s different when a company who’s seeking the press to tell they’re donating. It’s totally different.
As I've said above, Apple does need to disclose. They just need to do it in the proper way and in the proper time. They are probably following their own legal team's advice on this.
That’s why they better do such things in silence and not seeking the press.
Again, what I said above. Their decision is not yours. You're mad about something, but your opinion won't change Apple's behavior.
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Now here's my opinion:
As a stockholder and investor, I generally prefer companies to NOT be making contributions like this. But I'm not going to get my way either, because I'm not a majority shareholder. But I can always decide to sell my shares if I am very dissatisfied.
I'm not dissatisfied. As long as Apple is following the law wherever it operates, then I'm "mostly good". As long as Apple is doing a proper budget and has categories for philanthropic giving, I'm okay with that too. Sure, I'd rather they didn't, but again; not my decision.
Well, that's it. Have a great day!
