Most small businesses wish they could have the problems of Apple Inc.
The CEO of the world’s largest technology corporation is just sitting on too much cash, to the tune of $137 billion. With the stock not performing as well as it had towards the end of last year, some have been criticising Apple for hoarding too much cash. Hedge fund manager David Einhorn suggested taking a mere $20 billion to increase the stock dividend and give the stock price a boost.
Apple will be holding its annual shareholder meeting Feb. 27.
David Einhorn thinks Apple should share the wealth with stockholders.