Five of the ten best-paid finance chiefs last year work in the technology industry, as executives at companies from Apple Inc. to Google Inc. were rewarded for increasing profit, amassing cash and minimizing taxes.
Apple Inc. avoided as much as $9.2 billion in taxes by financing part of a $55 billion stock buyback with debt rather than offshore cash that would have been billed by the U.S. government, Moody’s Investment Services estimates.
Apple Inc. Chief Executive Officer Tim Cook is seeking to reassure investors dismayed by the company’s falling stock price and first profit drop in a decade by unveiling the largest buyback plan in corporate history.
A debt-free balance sheet with more cash than the combined funds of every AAA rated U.S. company failed to win Apple Inc. the bond market’s highest credit grade as the iPhone maker prepares to borrow to enrich shareholders.
Apple Inc. forecast sales that missed analysts’ predictions and said it will return an additional $55 billion in cash to shareholders to compensate for a stock that’s been hammered by signs of slowing growth.
Four of the five highest-paid employees at Standard & Poor’s 500 companies aren’t chief executive officers. They’re Apple Inc. senior lieutenants receiving compensation packages designed to keep management intact in an increasingly competitive industry.
Goldman Sachs Group Inc. recommends buying raw materials stocks as commodities including oil, zinc and copper rally, Finanz und Wirtschaft reported, citing Peter Oppenheimer , chief global equity strategist at the bank.