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Roe on Apple

Following on from my post last week on Apple's bond issue, click here to read Mark Roe's piece at Project Syndicate where he discusses why it might be a good long-term strategy for Apple to return a large chuck of its $137bn cash pile to shareholders. Roe believes that Apple may be at a point in its corporate and innovation life-cycle where the cash could be wasted by its management in pursuit of the next big thing - the iThingamajig. Consequently, he argues that the cash is better in the hands of investors.

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