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Post by CdnPhoto on Jan 12, 2024 4:41:21 GMT -8
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Post by CdnPhoto on Jan 12, 2024 5:37:15 GMT -8
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Post by macster on Jan 12, 2024 7:22:16 GMT -8
Is Wanda Austin being nominated for election to Apple’s BOD because Gore was on Epstein’s island fight logs?
Just thinking out loud, did I miss any news about open positions/retirements, nor did I hear any media backlash from last weeks court ordered release that had Al Gore listed?
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4aapl
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Post by 4aapl on Jan 12, 2024 8:01:59 GMT -8
Is Wanda Austin being nominated for election to Apple’s BOD because Gore was on Epstein’s island fight logs? Just thinking out loud, did I miss any news about open positions/retirements, nor did I hear any media backlash from last weeks court ordered release that had Al Gore listed? Seems like instead of trying to come up with conspiracy theories, we should start with taking Apple's reasoning at face value. Gore, along with 2 others, have hit the 75 year age limit that the board rules state as a retirement age. investor.apple.com/sec-filings/sec-filings-details/default.aspx?FilingId=17179877In reading through sections of this, I was surprised with how old the board is. But that's partly due to the goals of getting people that have been top in top companies, thus basically major company C suite retirees. I still think a case could be made for getting a couple long term shareholders onto the board. I don't think, even if combined with PED, we'd have the "3% ownership by an individual or group up to 20" to demand up to 20% of the board seats. But I could see the right push with the right reasonings possibly getting someone on there, basically through the mindset of wanting a diversity of viewpoints and backgrounds to give the board a broader view. With a lesser company it would be easier if the candidate hit most or all of the other diversity checkboxes, but I feel Apple is more open minded than that, just as none of their current board or candidates hit all or those boxes (though interestingly, many hit all of the boxes on that core competencies spreadsheet). Anyways, I had been curious about the thoughts, rules, and processs for the board. That document shares lots of info, including the mailing address if you want to make a nomination. But it also brought up the 75 year age limit, why 2 people are stepping down, while one is still staying on even though he is exceeding that limit. Those rule breakers!
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Post by macster on Jan 12, 2024 8:05:07 GMT -8
Is Wanda Austin being nominated for election to Apple’s BOD because Gore was on Epstein’s island fight logs? Just thinking out loud, did I miss any news about open positions/retirements, nor did I hear any media backlash from last weeks court ordered release that had Al Gore listed? Seems like instead of trying to come up with conspiracy theories, we should start with taking Apple's reasoning at face value. Gore, along with 2 others, have hit the 75 year age limit that the board rules state as a retirement age. investor.apple.com/sec-filings/sec-filings-details/default.aspx?FilingId=17179877In reading through sections of this, I was surprised with how old the board is. But that's partly due to the goals of getting people that have been top in top companies, thus basically major company C suite retirees. I still think a case could be made for getting a couple long term shareholders onto the board. I don't think, even if combined with PED, we'd have the "3% ownership by an individual or group up to 20" to demand up to 20% of the board seats. But I could see the right push with the right reasonings possibly getting someone on there, basically through the mindset of wanting a diversity of viewpoints and backgrounds to give the board a broader view. With a lesser company it would be easier if the candidate hit most or all of the other diversity checkboxes, but I feel Apple is more open minded than that, just as none of their current board or candidates hit all or those boxes (though interestingly, many hit all of the boxes on that core competencies spreadsheet). Anyways, I had been curious about the thoughts, rules, and processs for the board. That document shares lots of info, including the mailing address if you want to make a nomination. But it also brought up the 75 year age limit, why 2 people are stepping down, while one is still staying on even though he is exceeding that limit. Those rule breakers! Thanks for the information about the intricacies of the matter. No conspiracy here though.
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4aapl
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Post by 4aapl on Jan 12, 2024 9:15:25 GMT -8
No conspiracy here though. Good to hear. No matter if it was a fight log or flight log, at some high level before any problems are known by the masses or at the high level, the net of connections is large. Not everyone is a fan of Gore, but I expect that he has helped Apple, otherwise he wouldn't have been on the board for so long. He was at one of the AAPL shareholder meetings I went to, long ago in the early 2000's, maybe even in 2000. But I think it is great to get some new people an ideas onto the board.
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4aapl
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Posts: 3,634
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Post by 4aapl on Jan 12, 2024 9:20:36 GMT -8
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Post by duckpins on Jan 12, 2024 9:46:24 GMT -8
Burberry always struck me as gross. Overpriced even for a "luxury" brand. I mean the items not the stock. I'd rather own the LVHM or whatever Louis Vitton is I believe the stock. Women love those 5000 purses. Must be a high profit item. TSLA getting news that Hertz sold 20000 or is selling that many EVs. Folks do not want to rent them short term. Who would? If you buy you have a charger at the house. Might be a good time to buy one from Hertz or other rental car agencies. Don't know. Neighbor told me rental agencies had lots of hybrids for sale-Wranglers. Rather have a hybrid. Wonder if EVs are still a luxury to some like the purses? Apple is entering the luxury market with the expensive watches and head set.
Can Apple market the headset as a tool, a gamer necessity or just a luxury item?
Interesting Hertz points out they-evs- cost more to repair, same reason casualties are up. Mass times acceleration. EVS are heavier than gas car equivalents. Thus their impact causes more damage. Rocket science and brain surgery! I like Musk but for some reason don't like his car.
Stock is being crushed. Probably a rebound later in the year.
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Post by duckpins on Jan 12, 2024 12:08:12 GMT -8
Last time we had a gap down as big as the recent one it took 3 months to fill.
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4aapl
Moderator
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Post by 4aapl on Jan 12, 2024 13:03:38 GMT -8
news that Hertz sold 20000 or is selling that many EVs. Folks do not want to rent them short term. Who would? If you buy you have a charger at the house. Might be a good time to buy one from Hertz or other rental car agencies. Don't know. Neighbor told me rental agencies had lots of hybrids for sale-Wranglers. Rather have a hybrid. Wonder if EVs are still a luxury to some like the purses? Interesting Hertz points out they-evs- cost more to repair, same reason casualties are up. Mass times acceleration. EVS are heavier than gas car equivalents. Thus their impact causes more damage. Rocket science and brain surgery! I like Musk but for some reason don't like his car. I think the article said that people liked renting the EVs (which are mostly Tesla), and pay more to do so. The big negative was the amped up depreciation, but that was mostly due to Tesla (and others) dropping the price, so that's a sunk "loss" and really shouldn't be a worry IMO. OTOH, it said repairing them cost twice as much, and that it took longer. That does seem to be a real problem with Tesla, that there is a backlog to get them repaired. Hertz probably figures in the unrentable time into the cost to repair, so it is hard to know offhand if the parts and work cost significantly more than other vehicles (things like fewer body parts are good for initial assembly, but not so good when bigger more expensive sections also take longer to replace), or if Tesla's parts just cost more for an equivalent part (like a bumper, fender, door, etc). As for renting one and refueling, it all depends on the mileage you plan to put on it. There's lots of people who rent a car for a weekend or even week, and don't go thru a tank of gas or the equivalent. OTOH there are some that really put on the mileage, like the 2k we put on when driving the Natchez Trace. I've known some people that have loved buying used cars from car rental agencies (saying they are pretty new, and kept up on their maintenance) and others that would never do so (a past boss used to hit every puddle he would see, not knowing or caring if there was a pothole). I looked through a few of the listings, and the pricing seemed ok, though on the Teslas it wasn't much of a discount from new if you were able to get the Fed $7.5k refund. (EDIT: FWIW a friend was planning on renting a Tesla after flying to LA or Las Vegas, but they didn't have the long range model that he had reserved, or it wasn't fully charged, or something. He ended up renting a non-EV, since he was planning on using most of the "tank", and didn't want the hassle of figuring out recharging the Tesla. As for owning an EV, right now things are still slightly early, that it's a good fit for a lot of situations, but not a perfect fit for some situations. And that's kinda the point of a tax credit, trying to tip the scale for a few more people. Personally it wouldn't fit all of our needs, but it would fit a decent amount of them. Over the years I have migrated towards valuing the reliability of certain car brands, but no Toyota/Lexus/Honda/Acura is on the current list for Fed refunds for an EV or plug-in hybrid. Most of the time we don't qualify for the refund anyways, but I could see possibly making an exception if we are eligible this year, and getting an Escape/Lightning/Wrangler/Tesla. But all would have trade-offs for us, so it probably makes sense just to stick with what makes the most sense for our perceived needs overall. And that seems to be an AWD or 4WD Toyota/Lexus/Honda/Acura, normally a hybrid though with some that only have the performance minded Max Hybrid Engines a normal gas engine might be the better fit. But each situation is different. Like with skis, having a "one ski quiver" always has compromises. But if you have a few in your fleet, with vehicles or skis, you can take the one that is a better fit when you need it. With 3 drivers now, there's more room for a vehicle that doesn't fit every need. www.irs.gov/newsroom/qualifying-clean-energy-vehicle-buyers-are-eligible-for-a-tax-credit-of-up-to-7500www.usatoday.com/story/money/cars/2024/01/03/cars-qualify-ev-tax-credit-2024/72088375007/ )
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