How to Bring Apple's Overseas Cash Hoard Home - Justin Fox. By Justin Fox | 3:17 PM March 19, 2012 I listened in this morning as Apple CEO Tim Cook and CFO Peter Oppenheimer explained what they’re planning to do with Apple’s $98 billion in cash (pay a $2.65 quarterly dividend and buy back a lot of shares).
What they really talked about, though, was mainly just what they’re planning to do with the $34 billion in cash the company has here in the U.S. There’s another $64 billion sitting in Apple’s overseas subsidiaries, and according to Oppenheimer, most of it will keep sitting there until U.S. tax laws change: Repatriating the cash from offshore would result in significant tax consequences under current U.S. law. We have expressed our views with Congress and the administration. The current setup for taxing the foreign operations of U.S. corporations allows them to defer taxes on their profits from international operations until they bring the cash back to the U.S.
"iKill" Infographic Charts The Human Cost Of The iPhone. I don’t know that bloody iPhones and skull icons are the best way to make an argument for more ethical labor policies at factories like Foxconn.
And the name “iKill” is just as tacky as it is ineffective at evoking some sort of meaningful emotional response. But numbers? Numbers are powerful things. If anyone taught us that, it was Apple and its contemporaries, hawking gadgets that were twice as fast, half as thin. The Mystery of Steve Jobs's Public Giving.
David Paul Morris/Bloomberg NewsSteve Jobs, a founder of Apple, has focused on his work to improve the lives of millions of people through technology.
Steve Jobs is a genius. He is an innovator. A visionary. He is perhaps the most beloved billionaire in the world. Surprisingly, there is one thing that Mr. Forget Google – it's Apple that is turning into the evil empire. Once upon a time, when Apple was mainly a computer manufacturer, people used to liken it to BMW.
That was because it made expensive, nicely designed products for a niche market made up of affluent, design-conscious customers who also served as enthusiastic – nay fanatical – evangelists for the brand. It was seen as innovative and quirky but not part of the industry's mainstream, which was dominated by Microsoft and the companies making the PCs that ran Windows software. This view of Apple was summed up by Jack Tramiel, the boss of Commodore, when Steve Jobs first showed him the Macintosh computer.
Korean Lawsuit Seeks $25 Million From Apple For Location Tracking. Kim Hyung-Suk has been busy these past few months.
An attorney based out of Seoul, he gained a bit of notoriety for being the first person to receive a cash settlement from Apple for the iPhone’s location-tracking tendencies. He also announced that he and his law firm, Mirae Law, would be looking into the possibility of filing a class-action suit against Apple. According to a report from Bloomberg, with 27,000 Korean complainants on board, that suit was filed today. Credit where credit is due, Kim Hyung-Suk certainly has a sense of humor.
The website set up by his firm last July to reach out to potential plaintiffs greets visitors with an ironic spin on Apple’s language: “Finally. Mr. Apple : le vert n'est pas dans la pomme. Fruit d’un travail de 5 ans d’enquête, le texte accuse notamment Apple de générer un gros volume de déchets toxiques pour fabriquer ses Ipad, Iphone ou ordinateurs, rapporte le Financial Times.
Les sociétés chinoises incriminées « profiteraient des lacunes dans les systèmes de contrôle de l’environnement des pays en développement ». Et le rapport ne manque pas de donner des exemples. A Kunshan dans l’est du pays, la pollution dégagée par deux usines électroniques aurait par exemple contraint les villageois à envoyer leurs enfants dans des écoles lointaines. Ces mêmes villageois affirment aussi que le taux de cancer a progressé depuis que deux usines - prétendument fournisseuses d’Apple - se sont installées sur leur territoire. Plus à l’ouest, à Wuhan, les ONG auraient relevé des taux anormalement élevés de cuivre dans les eaux rejetées par une usine dans une rivière, précise le China Daily Exponentielle, la croissance de la Chine a entraîner une forte dégradation environnementale.
Apple attacked over pollution in China. Chinese environmental groups have accused Apple suppliers in the country of systemic pollution, underscoring the pressures on one of the world’s biggest companies as opposition grows in China to environmental degradation as the cost of economic growth.
In a report released on Wednesday, five Chinese non-governmental organisations said the US technology company was using suppliers with public records of environmental violations and taking “advantage of the loopholes in developing countries’ environmental management systems”. The accusations escalate a standoff between Apple and Ma Jun, director of the Institute of Public and Environmental Affairs, a co-author of the report, which is threatening to damage Apple’s image. The groups have sought to persuade 29 big electronics brands over the past year to work with them on containing pollution in their supply chain, but singled out Apple as unresponsive. Critique de Stay Hungry, Stay Foolish. Published: Nov 27th, 2007 Steve Jobs wrote and delivered the commencement speech “Stay Hungry.
Stay Foolish.” to the graduates of Stanford University on June 12, 2005.