Apple's Former Boss Says the Company Should Make Big Acquisitions
Has lots of cash reserves
Apple should use its enormous cash reserves to make some big-name acquisitions, the company's former boss John Sculley has said.
He said it could shift the "whole landscape of e-commerce" if it bought, for example, eBay.
He said it should ignore the wishes of activist investor Carl Icahn, who wants the company to buy back stock.
"Apple's about building great products, building and shaping markets," Mr Sculley said.
"Carl Icahn has suggested to [Apple chief executive] Tim Cook, 'Why don't you buy more stock back or make a bigger dividend?'
Hide Comments (0)
Editor's Note: As of February 29, 2024, commenting privileges on reason.com posts are limited to Reason Plus subscribers. Past commenters are grandfathered in for a temporary period. Subscribe here to preserve your ability to comment. Your Reason Plus subscription also gives you an ad-free version of reason.com, along with full access to the digital edition and archives of Reason magazine. We request that comments be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of reason.com or Reason Foundation. We reserve the right to delete any comment and ban commenters for any reason at any time. Comments may only be edited within 5 minutes of posting. Report abuses.
Please
to post commentsMute this user?
Ban this user?
Un-ban this user?
Nuke this user?
Un-nuke this user?
Flag this comment?
Un-flag this comment?