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Jonathan Suttin

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98 Billion May Not Be That Much Money

Today Apple decided to take its 98 billion dollar pile of CASH and give it back to its share holders in the form of a dividend and share buyback program. 

BORING!

Do you realize how much money 98 BILLION can buy?  One news report says Apple could have spent the money buying Target, Macy’s, Best Buy and Costco.   If they weren’t interested in retail, they could have spent the money buying Morgan Stanley and Goldman Sachs.   If they wanted to stay away from banking, they could have purchased Ford and GM and still had about 11 billion left over.

We all knew they weren’t going to buy other companies, but would it have been so terrible to spend a little of the money on something comical?  Why not buy everyone in United States a t-shirt that says something like “I’m with Stupid”?   How about buying everyone a copy of the game Jenga?   

It’s seems almost impossible to imagine 98 billion let alone to know what to do with the money, but here’s a sobering thought.  I don’t know if it’s really true, but I’ve seen news story stating the war in Iraq cost the U.S. government 1 billion dollars a day.  So that means all the money at Apple would only buy a little over three months of the war.

Insane.
 


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03/19/2012 9:46AM
98 Billion May Not Be That Much Money
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