Corporate finance
Apple announces plan for its cash: give it back to shareholders
In what was a highly anticipated announcement, Apple announced that it would be reducing — or at least stemming the growth — in its cash accounts by doing what most investment experts said they would do: issue a regular dividend and buy back shares. Some of Apple’s fans had hoped for a big move, like purchasing a company or unveiling some new product.
Companies Spend on Stock Buybacks
Corporations all over America may be laying off employees, but many remain flush with cash. The New York Times reports in Tuesday’s paper about an increasingly trend among American corporations. Instead of hiring more workers or investing in new growth opportunities, big companies are spending money on buying back their own stock. Louise Story, Wall Street […]
Shareholder Activism – Part 2
Environmentalists have a new tactic: they’re buying stocks as a way into the boardrooms of major corporations with the aim of making the companies more sustainable and accountable. Living On Earth’s Anna Solomon-Greenbaum has the second of her series on shareholder activism.