The ready money that there are big in the hand does not agree to be shared with partner however, science and technology so is doing reasonable really?
Dong free memory laptop toshiba Xiao of reporter of article ｜ CBN constant
As an adventurer, in not long investment career I basically pay close attention to share out bonus rarely, where of share out bonus can equal share price rises will get satisfy a craving. But the impression that the share out bonus that I want to admit firm of the closest apple plans to let me have profundity to share out bonus.
According to the plan that t free memory card digital cameras he apple announces, future will spend 45 billion dollar to be used at share out bonus and counter-purchasing a stock inside 3 years, predict the first money year amount of share out bonus reachs 10 billion dollar. Besides dimensions giant, another window of this thing depends on, this is an apple 17 years since share out bonus first, although had had on malic account,approach the cash reserve in a bank of 100 billion dollar.
Nevertheless, this " patent " either the apple is all. Company of science and technology is not active on share out bonus: Heart state apparatus (small gain) the 256 dollars that share price goes up to 1960 from the 5 dollars 1953, every dividend profit rises to 3.91 dollars from 43 cent, but did not pay extra dividend all the time; Google, Dai Er (small gain) , Yamaxun (small gain) never had shared out bonus up to now; Cisco just began share out bonus last year.
Most of reach the limit is Google. 2004 one sends the letter of IPO partner in, google becomes the first to claim publicly the company that oneself won't share out bonus to partner.
Stock profit sharing is spent, come from the Holand 1602 the earlies most popular selling memory card digital cameras t east Indian company. This company that runs nautical enterprise raises funds before going to sea every time at that time, after the number of voyages or flights ends be about to of each one contributive and the profit reassign of this the number of voyages or flights gives out endowment person. And what Benjamin Geleiemu of investment Great Master also thinks to be in basic position on investment is share out bonus and market price, they are the exclusive and particular kind of outside shareholder disinvestment. So the condition that why can'ts bear park of share out bonus so is company of science an free brooch pins d technology after all?
brooch pins Growth needs capital Sharing out bonus to explain at most to company of science and technology is, in the historical level that this industry increases at high speed, on one hand company itself is in the capital with long-term many need, partner can let invest redound to achieve in investing capital to the busines most popular selling brooch pins s that at present high speed grows the company on most popular selling scooby costume the other hand the biggest change.
The better person that keep Although the company grows not to need to invest total capital, administrative layer also feels he is the person that better than partner ready money keeps normally. The Microsoft that began share out bonus 2003 and present apple are such, these two companies had not needed so massive financing a few before share out bonus years to propped up a company to develop, but still " help " partner is custodial cash. The cash with actually current apple and cash equivalent are controlled in 10 billion dollar, other invested the financial capital such as national debt.
The weakness of partner Fab is, investor never is opposite afore-mentioned this kind " the parent most know the business " (the principle of Daddy-Knows-Best) has raised doubt, perhaps say, they did not realize even, the cash reserve in a bank of the company belongs partner, do not belong to controller. The weakness of partner go up somehow abet afore-mentioned act that administer a layer.
Bad suggestion A lot of companies fear share out bonus can allude a company to cannot have maintained high speed to grow, hit share price thereby. Inside 12 months after announcing share out bonus in January 2003, accumulative total of Microsoft share price drops 2.1% , and Dow-jones Average of the corresponding period rose 21% . The Buffett that does not distribute extra dividend also has been carried, the ability below the condition that cannot allow fund rise in value only can distribute extra dividend.
O memory laptop toshiba f course, those who reject share out bonus is company of science and technology not merely. Show according to investigation data of Peng Bo, in Er of selected standard general it is beyond the mark that 500 indexes have more than 100 to never undertake in medium company red. But no matter be the company with so great apple, still be Buffett's so astute investor, they always can encounter inevitable cycle, total meeting encounters low ebb.
IBM begins share out bonus from 1913, basic left and right sides of every 1 dollar, but gigantic 1992 after having a deficit, begin to decrease and go low to arrive for a time 0.12 dollars, promote gradually again later, since 2003, IBM is used at share out bonus and the capital that counter-purchase a stock to exceed 100 billion dollar.
Look so from the angle of dispersive risk, the company shares out bonus to partner is necessary absolutely. Additional, did not share out bonus to also cause investor too depend on 2 class market to win investment get one's own back, this also created excessive agreeable bad result on certain level. Of course, also brought bubble.
In sealing famous open letter then, two author put forward do not share out bonus reason is, google is not an average company, it devotes oneself to " make the world more good " wish grandly scene, and the game of wall st the best selling brooch pins reet is regular (share out bonus especially) meeting influence company devotes oneself to long-term development. But no matter wish scene have many great, all companies cannot overlook a the basiccest reality is, the company is to want to be in charge of to partner above all. If a company is right oneself partner is so slashing, can you believe this company will be fervent to the user? Responsible to partner, just can be in charge of to someone else truly next, commercial basis is such.
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