“I love Apple. I have several Apple computers, an iPad and an iPhone. I’m a long time stockholder and I’ve always made money investing in Apple. Steve Jobs was obviously a terrific visionary but he spent 9 months after being diagnosed with cancer treating it with a special diet, a very sad lapse of judgment,” Norman Rogers writes for American Thinker. “The presence of the global warming propagandist on his board of directors, Al Gore, must be counted as another lapse of judgment. Ron Johnson, now the CEO of JC Penny, is the genius that built Apple’s phenomenal retail chain. Away from the gang at Apple, what does Johnson do? He makes the lesbian celebrity, Ellen DeGeneres, JC Penny’s spokeswoman. A noted lesbian as the spokesperson for a lower middle class department store?”
Rogers writes, “What is going on here? Surely there is plenty of arrogance at Apple. This is very worrying to some of us stockholders. Arrogance leads to mistakes. A big failure would damage the Apple mystique and quickly bring the stock down to earth.”
“Apple plays up its green side. It’s hard to know how much of this is sincere and how much is simply catering the segment of the population that is hooked on green superstitions. Certainly Apple wants to defuse crackpot environmental critics. By crackpot I mean Greenpeace,” Rogers writes. “Apple has built a new and massive data center near Maiden, North Carolina to support its iCloud service. Greenpeace complained that the center will be mostly powered by coal and nuclear electricity. Now Apple has announced that it will build a 20-megawatt solar electricity farm and a 5-megawatt biogas generating facility on the site.”
Rogers writes, “The way I see it is that Apple is throwing away $44 million of stockholder money to pacify delusional fans of green energy… Apple makes a big thing of limiting its carbon footprint. The CO2 emissions saved by Apple’s 5-megawatt solar plant is neutralized forever in less than a day by the fact that the Chinese are adding a new large coal generating plant every week. China is where Apple manufactures its products… Why does Apple make meaningless green gestures?”
Much more in the full article here.
[Thanks to MacDailyNews readers too numerous to mention individually for the heads up.]
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