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Does Corporate Law Require Shareholder Primacy?
We first accounted for Apple's cash earlier this year. Carl Icahn since mixed it up with the company, and just last week called for more share repurchases. As Apple announces its full-year results, we update our accounting.

 

Cash as of 9/27/14: $155 billion

 

Debt as of 9/27/14: $35 billion 

 

Net cash as of 9/27/14: $120 billion ...
 

You get the idea. We complete the accounting in a current blog post

Recent TAI blog posts

 

 

You can find other useful resources at the TAI website, including our research on "Effective Activism, on the Cheap", our new resource guide on activist investing data sourcesour white paper with the basics on activist investing, and our new guides on exempt solicitationconsent solicitation, and special shareholder meetings. 
For further information, please contact:
 
Michael R. Levin
m.levin@theactivistinvestor.com
847.830.1479