View unanswered posts | View active topics It is currently October 22nd, 2014, 8:09 pm



Reply to topic  [ 9 posts ] 
 Apple has more $ than our Government 
Author Message
RIP Killer
User avatar

Joined: August 6th, 2004, 9:21 am
Posts: 9494
Location: Dallas
Post Apple has more $ than our Government
http://www.sfgate.com/cgi-bin/article.c ... 2011-7.DTL

Quote:
Here's something to keep in mind as you follow this evening's congressional debate over the debt ceiling.

According to the latest daily statement from the U.S. Treasury, the government had an operating cash balance of $73.8 billion in at the end of the day yesterday.

Apple's last earnings report (PDF here) showed that the company had $76.2 billion in cash and marketable securities at the end of June.

In other words, the world's largest tech company has more cash than the world's largest sovereign government.

That's because Apple collects more money than it spends, while the U.S. government does not.

Read more: http://www.businessinsider.com/apple-ha ... z1TV9eRsSj

_________________
Image
LB Tweet


July 29th, 2011, 9:38 am
Profile WWW
Modmin Dude
User avatar

Joined: December 31st, 2004, 9:55 am
Posts: 12139
Post Re: Apple has more $ than our Government
Pablo wrote:
http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/07/28/businessinsider-apple-has-more-cash-on-hand-than-the-us-government-2011-7.DTL

Quote:
Here's something to keep in mind as you follow this evening's congressional debate over the debt ceiling.

According to the latest daily statement from the U.S. Treasury, the government had an operating cash balance of $73.8 billion in at the end of the day yesterday.

Apple's last earnings report (PDF here) showed that the company had $76.2 billion in cash and marketable securities at the end of June.

In other words, the world's largest tech company has more cash than the world's largest sovereign government.

That's because Apple collects more money than it spends, while the U.S. government does not.

Read more: http://www.businessinsider.com/apple-ha ... z1TV9eRsSj

So, does this mean we should see about getting Steve Jobs as our next President? :shock:

_________________
Quote:
Clowns to the left of me, Jokers to the right....


July 29th, 2011, 9:54 am
Profile
Post Re: Apple has more $ than our Government
TheRealWags wrote:
Pablo wrote:
http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/07/28/businessinsider-apple-has-more-cash-on-hand-than-the-us-government-2011-7.DTL

Quote:
Here's something to keep in mind as you follow this evening's congressional debate over the debt ceiling.

According to the latest daily statement from the U.S. Treasury, the government had an operating cash balance of $73.8 billion in at the end of the day yesterday.

Apple's last earnings report (PDF here) showed that the company had $76.2 billion in cash and marketable securities at the end of June.

In other words, the world's largest tech company has more cash than the world's largest sovereign government.

That's because Apple collects more money than it spends, while the U.S. government does not.

Read more: http://www.businessinsider.com/apple-ha ... z1TV9eRsSj

So, does this mean we should see about getting Steve Jobs as our next President? :shock:



I doubt he'd take the pay-cut.


August 1st, 2011, 1:42 pm
RIP Killer
User avatar

Joined: January 26th, 2005, 9:34 pm
Posts: 10302
Location: Sycamore, IL
Post Re: Apple has more $ than our Government
Would you?

_________________
_____
I have no faith this team will win a game the rest of the year. The kitties finish at 7-9 and Miss the playoffs as GB wins out and takes it from the kitties.
Image


August 1st, 2011, 10:30 pm
Profile
QB Coach
User avatar

Joined: August 21st, 2005, 3:36 am
Posts: 3139
Location: Philadelphia, PA
Post Re: Apple has more $ than our Government
wjb21ndtown wrote:
I doubt he'd take the pay-cut.

Actually Steve Jobs makes a salary of $1. Granted he has millions of shares of Apple stock and certainly doesn't hurt for money. But technically he'd make more money per year as President.

_________________
"Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence." - John Adams

“The good thing about science is that it's true whether or not you believe in it.” - Neil deGrasse Tyson


August 2nd, 2011, 10:43 pm
Profile
Post Re: Apple has more $ than our Government
Touchdown Jesus wrote:
wjb21ndtown wrote:
I doubt he'd take the pay-cut.

Actually Steve Jobs makes a salary of $1. Granted he has millions of shares of Apple stock and certainly doesn't hurt for money. But technically he'd make more money per year as President.


I think he still gets stock distributions every year tied to his employment though, which, as you mention, far outweigh the salary of the POTUS.


August 3rd, 2011, 1:10 pm
Varsity Captain

Joined: April 1st, 2009, 9:37 pm
Posts: 312
Post Re: Apple has more $ than our Government
I'd vote for him.. He took a dying company and turned it into a tech monster - wonder what he could do with a dying country.

Edit: I don't wonder - we know exactly what he'd do.


Last edited by anon749244 on August 8th, 2011, 12:12 pm, edited 1 time in total.



August 8th, 2011, 12:02 pm
Profile
RIP Killer
User avatar

Joined: June 26th, 2006, 1:03 pm
Posts: 13429
Post Re: Apple has more $ than our Government
He had to fail a few times to figure it out though...

_________________
regularjoe12 - "You are crackin me up! really! HILARIOUS um let me quote some intellgent people in this coneversation: Steensn:"


August 8th, 2011, 12:05 pm
Profile
Modmin Dude
User avatar

Joined: December 31st, 2004, 9:55 am
Posts: 12139
Post Re: Apple has more $ than our Government
steensn wrote:
He had to fail a few times to figure it out though...

Most do :wink:

_________________
Quote:
Clowns to the left of me, Jokers to the right....


August 8th, 2011, 12:07 pm
Profile
Display posts from previous:  Sort by  
Reply to topic   [ 9 posts ] 

Who is online

Users browsing this forum: Google [Bot] and 6 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Search for:
Jump to:  
cron
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group.
Designed by STSoftware.