Re:You Might Also Like
by reaperducer on Monday November 07, 2022 @05:58PM
(#33513736)
Apple has to answer to the shareholders and board of directors first
First, no. That's a gross oversimplification of the situation, and there are thousands of counter-examples. It's one of those things people see on HN and then pass along as if it was the absolute truth. It isn't.
But, for fun, let's pretend it is true. Then the way Tim Cook answers to shareholders is to preserve the long-term value of Apple as a brand and a company, and not to sell out for short-term gains.
The majority of Apple shareholders are massive corporations that invest for the long-haul, not day traders trying to make a quick buck.
First, no. That's a gross oversimplification of the situation, and there are thousands of counter-examples. It's one of those things people see on HN and then pass along as if it was the absolute truth. It isn't.
But, for fun, let's pretend it is true. Then the way Tim Cook answers to shareholders is to preserve the long-term value of Apple as a brand and a company, and not to sell out for short-term gains.
The majority of Apple shareholders are massive corporations that invest for the long-haul, not day traders trying to make a quick buck.