Since84
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Post by Since84 on Aug 31, 2016 2:30:34 GMT -8
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coma
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Post by coma on Aug 31, 2016 4:21:23 GMT -8
Sounds like our taxes will be going up . . .
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Post by tuffett on Aug 31, 2016 6:03:00 GMT -8
How about we hire someone with a proven track record as a CEO - including keeping their big mouths shut about their personal politics? Great idea. I hear John Sculley is looking for a job.
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Post by firestorm on Aug 31, 2016 7:54:24 GMT -8
How about we hire someone with a proven track record as a CEO - including keeping their big mouths shut about their personal politics? Great idea. I hear John Sculley is looking for a job. There are almost no CEOs worth their salaries. Although perhaps we could get Warren Buffet or Bill Gates to take on the role as CEO of Apple.
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Since84
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Post by Since84 on Aug 31, 2016 8:34:18 GMT -8
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chinacat
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Post by chinacat on Aug 31, 2016 9:17:13 GMT -8
Tim Bajarin has a good look at how the company capabilities that Tim Cook brought to fruition when he was managing the supply chain continue to play a critical role in Apple's success: Apple’s Little Known Secret to Success
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chinacat
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Post by chinacat on Aug 31, 2016 9:26:54 GMT -8
The headline:
1.5m US iPhone users are about to switch to Android
The fourth paragraph:
It’s not all bad news for Apple. 22 percent of Android users will “definitely” upgrade their device this year, and while 76 percent of them will stick with that platform, 17 percent will switch to iPhone. This works out to mean 3.91 million Android users seem likely to switch to Apple’s new iPhone this year.
Gotta love the tech press...
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Post by firestorm on Aug 31, 2016 9:33:22 GMT -8
Good article. It should have been apparent to everyone that corporations wouldn't get away with their tax avoidance games forever. On the other hand, Apple stock is up today, so investors seem to be disregarding the news.
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Since84
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Post by Since84 on Aug 31, 2016 9:56:06 GMT -8
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Since84
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Post by Since84 on Aug 31, 2016 9:57:31 GMT -8
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Post by mace on Aug 31, 2016 9:59:47 GMT -8
I suspect the $25B that Apple set aside for cash that intended to bring back is mostly for EU. So most probably no impact on P&L, only USG gets less. The bulk of cash hoard not intended to bring back is mostly in China and Japan which are used to buy manufacturing tools, set up Apple Stores, build data centers, set up R&D centre and investing in Chinese companies like Didi, may be a car manufacturers, small Chinese startups. Anyone has any knowledge or different thinking?
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JDSoCal
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Post by JDSoCal on Aug 31, 2016 10:22:02 GMT -8
Good article. It should have been apparent to everyone that corporations wouldn't get away with their tax avoidance games forever. On the other hand, Apple stock is up today, so investors seem to be disregarding the news. How is following the law of a jurisdiction a "game"? Apple has a legal duty to maximize return for all of us, not to give away profits to Obama so he can spend it on illegals' kids. Oh sorry, "dreamers" LOL. I'm sure you and your lib friends all command your accountants, "No games! Do not take any deductions or allowances or loopholes, I want to pay as much as I can, my fair share!" What bullshit. You're free and loose with *other people's money*. Prove me wrong, post your returns with ID redacted, and show us where you voluntarily paid more than you had to. The IRS has a provision for paying more than you are required to by law, as you are implying Apple should do.
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Post by firestorm on Aug 31, 2016 10:27:11 GMT -8
Good article. It should have been apparent to everyone that corporations wouldn't get away with their tax avoidance games forever. On the other hand, Apple stock is up today, so investors seem to be disregarding the news. How is following the law of a jurisdiction a "game"? Apple has a legal duty to maximize return for all of us, not to give away profits to Obama so he can spend it on illegals' kids. Oh sorry, "dreamers" LOL. I'm sure you and your lib friends all command your accountants, "No games! Do not take any deductions or allowances or loopholes, I want to pay as much as I can, my fair share!" What bullshit. You're free and loose with *other people's money*. Prove me wrong, post your returns with ID redacted, and show us where you voluntarily paid more than you had to. The IRS has a provision for paying more than you are required to by law, as you are implying Apple should do. You know exactly what I mean. I don't fault Apple, I fault the idiot politicians who came up with the rules, and they are in every government. Of course, if you think you can get something for nothing, you must be a corporate welfare "taker."
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JDSoCal
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Post by JDSoCal on Aug 31, 2016 10:28:08 GMT -8
How about we hire someone with a proven track record as a CEO - including keeping their big mouths shut about their personal politics? Great idea. I hear John Sculley is looking for a job. That doesn't even make sense. When did Sculley have a proven track record as CEO? His claim to fame is forcing out the greatest executive in history from Apple. Every venture of his since has been a failure. A bozo. Im hoping Gates and Buffett were intended as jokes as well.
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Post by firestorm on Aug 31, 2016 10:33:32 GMT -8
Great idea. I hear John Sculley is looking for a job. That doesn't even make sense. When did Sculley have a proven track record as CEO? His claim to fame is forcing out the greatest executive in history from Apple. Every venture of his since has been a failure. A bozo. Im hoping Gates and Buffett were intended as jokes as well. Your sarcasm alert today needs to be reset.
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JDSoCal
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Post by JDSoCal on Aug 31, 2016 11:02:58 GMT -8
Here's what I don't get from you libs, and I include Tim Cook here. And I ask this with 100% sincerity: Whatever your own politics might be regarding personal liberties and equality, how can you possibly think that, after 8 years of Obama, and this EU move, that Democrats/liberals/lefists are friends of Apple and the investor class? And if you think Apple or the investor class are evil and should be treated with disdain, or don't deserve their money, why are you part of advancing this plutocrat evil as an Apple stockholder? Doesn't that make you complicit? It's plain as day that it has been Obama's intransigence on repatriation that has caused Apple, et al, to hoard already-taxed money earned overseas, not to mention, caused many companies to invert elsewhere. Just so we're clear, every other country uses a territorial tax system, where only domestic profits are taxable. Only the US tries to double-tax profits made overseas. This is both unfair and short-sighted. Capital can and will move to more friendly places if mistreated. How else do you explain Apple's money HQ being centered in Nevada, instead of California, and their old sapphire factory being located in ultra-libertarian Mesa, AZ? For the climate? It's so funny how libs support that dope QB from the 49'ers not standing for the national anthem because of supposed mistreatment of blacks in America. That's even patriotic, so say libs in the media. But if a company or industry responds to mistreatment by its home country by inverting elsewhere, TREASON! Suddenly patriotism is an absolute value when it's other people's money at stake! As always happens with socialism, the EU wants mo mo mo $$, since its members have run out of other people's money in their own countries, and thus want to steal money from Americans. Ireland should leave the EU, or Apple should locate in the UK and tell the EU socialists to fuck off!
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Post by mace on Aug 31, 2016 11:16:23 GMT -8
... every other country uses a territorial tax system, where only domestic profits are taxable. Only the US tries to double-tax profits made overseas... Applies to Americans stationing overseas or have overseas income too. IMHO, is a big boy policy that people are willing to tolerate post-war, not now when many nations have recovered. Today, just like any nations, USA has to compete for talents and entrepreneurs.
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Post by mace on Aug 31, 2016 11:20:07 GMT -8
...Ireland should leave the EU, or Apple should locate in the UK and tell the EU socialists to fuck off! Why going to UK is better? Higher tax rate and not in EU would face more barriers to access the common market.
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Post by tuffett on Aug 31, 2016 11:42:29 GMT -8
I'm pretty sure he's not implying that Apple shouldn't be playing these "games", provided they are legal, but that the legality of them may soon be coming to an end. Notice that he said tax avoidance (legal) and not tax evasion (illegal). Your reading comprehension is pretty low considering your profession.
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Post by tuffett on Aug 31, 2016 11:43:18 GMT -8
Great idea. I hear John Sculley is looking for a job. That doesn't even make sense. When did Sculley have a proven track record as CEO? His claim to fame is forcing out the greatest executive in history from Apple. Every venture of his since has been a failure. A bozo. Im hoping Gates and Buffett were intended as jokes as well. Uh, he was a successful CEO up until the time Apple hired him. Do you not get the irony? Have you gone off the deep end? I've always disagreed with most of your opinions but they used to at least have a shred of rationality and made me think a little. Now it's just nonsense. I guess Trump has taken a toll on all of us.
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Post by tuffett on Aug 31, 2016 11:49:57 GMT -8
JD, us liberals are able to disagree with certain (or even many) aspects of policy such as taxation but still realize a democratic government allows for a better society than a republican one - at least what a republican government represents today and over the past several years. And we may not always vote based in the single criteria of increasing our net worth. It's called critical thinking.
I'm not even American but if I were, and voting Trump would instantly double my net worth and send AAPL to $200 I still wouldn't do it. And it would be an incredibly easy decision.
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JDSoCal
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Post by JDSoCal on Aug 31, 2016 12:32:57 GMT -8
That doesn't even make sense. When did Sculley have a proven track record as CEO? His claim to fame is forcing out the greatest executive in history from Apple. Every venture of his since has been a failure. A bozo. Im hoping Gates and Buffett were intended as jokes as well. Uh, he was a successful CEO up until the time Apple hired him. Do you not get the irony? Have you gone off the deep end? I've always disagreed with most of your opinions but they used to at least have a shred of rationality and made me think a little. Now it's just nonsense. I guess Trump has taken a toll on all of us. Sculley ran a company that sold sugar water very successfully long before he was born. How can you fuck that up? I'd drink my Rockstar every morning if Hitler were the CEO. Apple got worse under Sculley, not better. Jobs thought he was a total bozo.
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Post by tuffett on Aug 31, 2016 13:00:10 GMT -8
Uh, he was a successful CEO up until the time Apple hired him. Do you not get the irony? Have you gone off the deep end? I've always disagreed with most of your opinions but they used to at least have a shred of rationality and made me think a little. Now it's just nonsense. I guess Trump has taken a toll on all of us. Sculley ran a company that sold sugar water very successfully long before he was born. How can you fuck that up? I'd drink my Rockstar every morning if Hitler were the CEO. Apple got worse under Sculley, not better. Jobs thought he was a total bozo. Jobs made the hire. He thought he was a great CEO until he found out otherwise. You're making my point for me. Care to propose a CEO who's proven that he would be capable of running Apple? Make sure he's not liberal too. BTW - the "selling sugared water" line is a cute one and one of Jobs' famous quotes, but it isn't exactly the truth. There's obviously much more to being a CEO. Pepsi also has a gigantic food division - a division Scully turned from loss-making to profit-making within 3 years. There are reasons Jobs wanted him and nobody else. In case you still don't get it - I bring up Sculley because he was exactly the kind of hire back then that you are proposing now. And look how it turned out.
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Post by firestorm on Aug 31, 2016 13:21:17 GMT -8
I'm pretty sure he's not implying that Apple shouldn't be playing these "games", provided they are legal, but that the legality of them may soon be coming to an end. Notice that he said tax avoidance (legal) and not tax evasion (illegal). Your reading comprehension is pretty low considering your profession. Based upon his writing today, he must have had a rough night last night.
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JDSoCal
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Aspiring oligarch
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Post by JDSoCal on Aug 31, 2016 13:33:33 GMT -8
Sculley ran a company that sold sugar water very successfully long before he was born. How can you fuck that up? I'd drink my Rockstar every morning if Hitler were the CEO. Apple got worse under Sculley, not better. Jobs thought he was a total bozo. Jobs made the hire. He thought he was a great CEO until he found out otherwise. You're making my point for me. Care to propose a CEO who's proven that he would be capable of running Apple? Make sure he's not liberal too. BTW - the "selling sugared water" line is a cute one and one of Jobs' famous quotes, but it isn't exactly the truth. There's obviously much more to being a CEO. Pepsi also has a gigantic food division - a division Scully turned from loss-making to profit-making within 3 years. There are reasons Jobs wanted him and nobody else. In case you still don't get it - I bring up Sculley because he was exactly the kind of hire back then that you are proposing now. And look how it turned out. But we and (Steve 2.0) have the benefit of hindsight today. Steve 2.0 would never make that original hire (which he did as an imperious, immature 28-yr-old exactly because he wasn't a "real" CEO yet), let alone hire Sculley today. And you are using inductive reasoning. Because one guy with a decent (no tech experience, a marketing guy) resume turned out to be a bozo, all guys with good resumes should be avoided? Cook also had a great resume, including interim-CEO timed at Apple. Of course I want a competent CEO, if one still lives that can be successful at Apple. My problem is with the secular humanist/social justice warrior religion being foisted upon a publicly held company by a CEO (I even question it at a privately-held company like Chik-fil-A). All of Cook's preaching garnered Apple exactly zero (0) good will with the left, which is insatiable for "change" and loves to eat their own (heretics are always more hated than infidels, just ask me how I feel about Paul Ryan or Marco Rubio). And believe it or not, most of America does not identify as liberal (only 24%). So why assume every customer or investor shares your values? Why can't you libs just let a CEO or a teacher or a judge be agnostic? Play it down the middle? Because they are religious beliefs, not political. The funny part about liberals is, even when I agree with their substantive policy goals, the process by which they want to achieve those ends are completely ludicrous.
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mark
fire starter
Posts: 1,552
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Post by mark on Aug 31, 2016 13:43:34 GMT -8
Great idea. I hear John Sculley is looking for a job. That doesn't even make sense. When did Sculley have a proven track record as CEO? His claim to fame is forcing out the greatest executive in history from Apple. Every venture of his since has been a failure. A bozo. Im hoping Gates and Buffett were intended as jokes as well. Who would you suggest? Elon Musk is taken (and is also most likely liberal).
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Post by tuffett on Aug 31, 2016 14:13:49 GMT -8
Jobs made the hire. He thought he was a great CEO until he found out otherwise. You're making my point for me. Care to propose a CEO who's proven that he would be capable of running Apple? Make sure he's not liberal too. BTW - the "selling sugared water" line is a cute one and one of Jobs' famous quotes, but it isn't exactly the truth. There's obviously much more to being a CEO. Pepsi also has a gigantic food division - a division Scully turned from loss-making to profit-making within 3 years. There are reasons Jobs wanted him and nobody else. In case you still don't get it - I bring up Sculley because he was exactly the kind of hire back then that you are proposing now. And look how it turned out. But we and (Steve 2.0) have the benefit of hindsight today. Steve 2.0 would never make that original hire (which he did as an imperious, immature 28-yr-old exactly because he wasn't a "real" CEO yet), let alone hire Sculley today. And you are using inductive reasoning. Because one guy with a decent (no tech experience, a marketing guy) resume turned out to be a bozo, all guys with good resumes should be avoided? Cook also had a great resume, including interim-CEO timed at Apple. Of course I want a competent CEO, if one still lives that can be successful at Apple. My problem is with the secular humanist/social justice warrior religion being foisted upon a publicly held company by a CEO (I even question it at a privately-held company like Chik-fil-A). All of Cook's preaching garnered Apple exactly zero (0) good will with the left, which is insatiable for "change" and loves to eat their own (heretics are always more hated than infidels, just ask me how I feel about Paul Ryan or Marco Rubio). And believe it or not, most of America does not identify as liberal (only 24%). So why assume every customer or investor shares your values? Why can't you libs just let a CEO or a teacher or a judge be agnostic? Play it down the middle? Because they are religious beliefs, not political. The funny part about liberals is, even when I agree with their substantive policy goals, the process by which they want to achieve those ends are completely ludicrous. A lot of blathering on about politics without answering the question. Suggest somebody that can do a better job than Cook. I do agree Apple could be a bit more "agnostic" but at the same they are influential and are pushing that will be the norm in the future. If everyone in charge just sat back then black people would still be sitting in the back of the bus, if they were allowed on at all. So it's a fine line, and I appreciate what Tim is trying to do outside the scope of just Apple.
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Post by firestorm on Aug 31, 2016 14:13:55 GMT -8
That doesn't even make sense. When did Sculley have a proven track record as CEO? His claim to fame is forcing out the greatest executive in history from Apple. Every venture of his since has been a failure. A bozo. Im hoping Gates and Buffett were intended as jokes as well. Who would you suggest? Elon Musk is taken (and is also most likely liberal). The truth is, leading an innovative corporation requires creativity and a curious mind; few conservatives have both those traits.
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JDSoCal
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Post by JDSoCal on Aug 31, 2016 14:28:58 GMT -8
That doesn't even make sense. When did Sculley have a proven track record as CEO? His claim to fame is forcing out the greatest executive in history from Apple. Every venture of his since has been a failure. A bozo. Im hoping Gates and Buffett were intended as jokes as well. Who would you suggest? Elon Musk is taken (and is also most likely liberal). I happen to believe that Musk is a snake oil salesman who is likely crazy. And not in the "here's to the crazy ones" sort of way. Tesla barely breaks even with huge subsides, and yet he spends like he has a $1000000000 bill printing press. Musk reminds me of when Jack Kent Cooke said about George Allen, "I gave him an unlimited expense account, and he exceeded it." It's a lot of fun to be a wild-eyed eccentric with other people's money. Someday, I think he will have a fall from grace. Wait for it. Then again, I've been waiting for Bezos' fall for almost 20 years... Not being a headhunter, I have no idea who the next Apple CEO should be. But I have some ideas who it should not be. As for Cook (and AAPL), he is starting to feel like that relationship that you really really want to work out because you like the person, but you just keep breaking up and getting back together over and over and at some point you just have to be honest about the prognosis going forward. Hope I'm wrong! Apple definitely has some PR problems. The EU lefties are making the classic class warfare demagogue argument, "you're poor because XXX is rich!" It's just so sad that we live in a country and world of financial illiterates who don't realize that Apple is owned by shareholders, including pension funds and other retirees, not 5 rich white guys. We should teach financial literacy in high schools instead of the SJW curriculum. Anyway, I've spread enough pixie dust here for one day, gotta run...
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JDSoCal
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Post by JDSoCal on Aug 31, 2016 14:42:10 GMT -8
Indeed! I wish I knew. But Cook is wearing thin. Well luckily, Republicans didn't just sit back. They broke Democrat Robert KKK Byrd's (Hillary's "friend and mentor,") filibuster of the 1964 Civil Rights Act, and then Eisenhower sent in troops to Little Rock to force integration over the resistance of Democrats like Orval Faubus. And no, most of them did not become Republicans. Byrd died the senior Senate Democrat in 2010, 4 heartbeats away from the presidency. Faubus died a Dem in 1994. But I don't consider gay marriage or this ridiculous transgender pseudo-science agenda analogous to racial equality (basically Obama's 2008 position).
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