Something refreshing from Jack Welch for a change, although some Apple shareholders might not want to hear this right now what with the stock down so much. But for long term Apple stock holders, who want to see the company keep growing in the next ten or twenty years, this seems like a smart take.
On CNBC Jack Welch said Apple needs to have the cash and the flexibility to move on an acquisition in a turbulent market. “He’s got Samsung and everyone nipping at his heels. And he risks running, rather than a sexy company, a commodities company.” He said Tim Cook should give David Einhorn the back of his hand – Einhorn of course wants Apple to release some of their cash to shareholders -specifically a preferred share type of arrangement.