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lusr
on March 19, 2012
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Apple Announces Plans to Initiate Dividend and Sha...
The Apple Board of Directors has a fiduciary duty to investors. If they take action that causes the share price to fall dramatically, thereby losing investor value, you can be pretty sure the Board will not last very long so yes it would matter.
jcfrei
on March 19, 2012
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that's only true in theory. the largest investors are usually pension funds and in general they approve whatever the board recommends.
tptacek
on March 19, 2012
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Then Apple can put their space exploration ambitions up to a vote of the shareholders, who are the ones who actually own Apple's money.
Hence today's dividend announcement.
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