“Since Tim Cook took the helm at Apple in 2011, there’s been a steady flow of voices telling the CEO how he should be spending Apple’s money,” John-Erik Koslosky writes for The Motley Fool. “Chief among them has been billionaire investor Carl Icahn, who just won’t end his quest to convince Cook to cut a sweetheart deal to reward investors in the here and now.”
“Apple should ignore Icahn and all the others clamoring for preferred shares, a bigger buyback, a fatter dividend, a dirt cheap iPhone, or whatever the latest push is,” Koslosky writes. “Instead, Cook and company should look to Henry Ford, who had his fair share of clashes with inpatient, meddling investors.”
“In a crowded, competitive, and fast-evolving automobile market in the early 1900s — another time of tectonic cultural and technological shifting — Ford prevailed by staying true to his vision and resisting the forces that got in the way,” Koslosky writes. ” Apple can win by following the same path. Recent evidence backs this up.”
Read more in the full article here.
[Attribution: Next iPhone News. Thanks to MacDailyNews Reader “Bernard Trllot” for the heads up.]
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