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Pablo
RIP Killer
Joined: August 6th, 2004, 9:21 am
Posts: 8775
Location: Dallas
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 Apple has more $ than our Government http://www.sfgate.com/cgi-bin/article.c ... 2011-7.DTLQuote: 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
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| July 29th, 2011, 9:38 am |
 
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TheRealWags
Modmin Dude
Joined: December 31st, 2004, 9:55 am
Posts: 11225
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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 ... z1TV9eRsSjSo, does this mean we should see about getting Steve Jobs as our next President? 
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Aristotle wrote: It is the mark of an educated mind to be able to entertain a thought without accepting it. Socrates wrote: The only true wisdom is in knowing you know nothing.
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| July 29th, 2011, 9:54 am |
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wjb21ndtown
Commissioner of the NFL – Roger Goodell
Joined: October 13th, 2005, 9:26 pm
Posts: 11891
Location: Grosse Pointe
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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 ... z1TV9eRsSjSo, does this mean we should see about getting Steve Jobs as our next President? I doubt he'd take the pay-cut.
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| August 1st, 2011, 1:42 pm |
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conversion02
RIP Killer
Joined: January 26th, 2005, 9:34 pm
Posts: 10063
Location: Sycamore, IL
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Re: Apple has more $ than our Government Would you?
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| August 1st, 2011, 10:30 pm |
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Touchdown Jesus
Player of the Year - Offense
Joined: August 21st, 2005, 3:36 am
Posts: 2842
Location: Philadelphia, PA
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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.
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| August 2nd, 2011, 10:43 pm |
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wjb21ndtown
Commissioner of the NFL – Roger Goodell
Joined: October 13th, 2005, 9:26 pm
Posts: 11891
Location: Grosse Pointe
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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.
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| August 3rd, 2011, 1:10 pm |
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anon749244
Varsity Captain
Joined: April 1st, 2009, 9:37 pm
Posts: 312
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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.
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| August 8th, 2011, 12:02 pm |
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steensn
RIP Killer
Joined: June 26th, 2006, 1:03 pm
Posts: 13429
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Re: Apple has more $ than our Government He had to fail a few times to figure it out though...
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| August 8th, 2011, 12:05 pm |
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TheRealWags
Modmin Dude
Joined: December 31st, 2004, 9:55 am
Posts: 11225
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Re: Apple has more $ than our Government steensn wrote: He had to fail a few times to figure it out though... Most do 
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Aristotle wrote: It is the mark of an educated mind to be able to entertain a thought without accepting it. Socrates wrote: The only true wisdom is in knowing you know nothing.
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| August 8th, 2011, 12:07 pm |
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