Tim Cook’s ‘not even a quarter baked’ justification for Apple’s $100 billion stock buybacks has baffled some economists (AAPL)
Tim CookSteve JobsCarl Icahn
Thursday, 17 May 2018 () · *Apple CEO Tim Cook recently offered a novel argument to justify the company's use of share buybacks.*
· *Cook said that Apple's $100 million in planned buybacks will boost the economy because of the capital gains taxes investors pay when they sell their stock.*
· *Economists that Business Insider spoke to were perplexed...
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