Yep, in 15 years as CEO Apple has almost disappeared, all Tim’s fault… what a bunch of hogwash
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Apple CEO Tim Cook Donating $1 Million to Trump's Inaugural Fund
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In the US, and in Delaware (where many US corporations are incorporated) in particular, there is a fiduciary responsibility to act in the best interests of the shareholders. There are many court cases about failure to maximize shareholder value. In eBay Domestic Holdings, Inc. v. Newmark, 16 A.3d 1 (Del. Ch. 2010), eBay, a minority shareholder, sued Craigslist founders for failing to pursue opportunities for profit and platform monetization. Craigslist argued that they were trying maintain a community orientation. The court found that a for-profit corporation cannot justify failing to pursue profits solely for altruistic reasons unless the corporate charter explicitly allows it. The court specifically emphasized that for-profit corporations are expected to act with the purpose of generating returns for their shareholders.
LOL, yeah, things could have turned out
TDS, it's a real thing. LOL
It’s the “price of admission” to get a ticket at the bribery fair
It is also a power play to have DT make powerful people do what he wants and establish his dominance
Has very little to do with any inauguration
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Folks need to stop saying “TDS”
People are reacting to real actions taking place before our eyes
There is no “derangement”
(The D in TDS)
Also, people using the TDS acronym know what they are doing.
It’s generally being used as a pejorative towards others
People are reacting to real actions taking place before our eyes
There is no “derangement”
(The D in TDS)
Also, people using the TDS acronym know what they are doing.
It’s generally being used as a pejorative towards others
Nice ploy by Mr. Moneybags, cut the check in your name and spare your employees the embarrassment of supporting the convicted felon.
Well, regardless of whether it is a Law or not (I believe it is in some US States at least), it is a legal precedence that does exist and can result in lawsuits being filed if it is not upheld, I added three links below that add some detail to it at least. I do fully agree with the rest of your post.
Fiduciary Duties and Shareholder Rights - Attorney Aaron Hall
Attorney Aaron Hall represents business owners and their companies. Businesses hire Aaron to advise and represent them in employment, intellectual property, litigation, and general business law.
aaronhall.com
Fiduciary Duty to Shareholders Explained | Berg PC
Berg PC's business attorneys specialize in fiduciary duty to shareholders. Get expert legal advice for your business needs.
bergplummer.com
Corporations Are Required By Law To Maximize Profits | eBay v. Newmark | Senator Al Franken
Under eBay v. Newman, the law is as Al Franken said: “it is literally malfeasance for a corporation not to do everything it legally can to maximize its profits.” Just ask Jim and Craig; no one disputes it's their company, but they're legally prohibited from taking steps to preserve the...
www.litigationandtrial.com
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I get that when you're the CEO of the world's most valuable company, you essentially have an obligation to shareholders to grovel the President -- especially when the President is so conceited and vindictive. But this one...? God. Don't even know what to make of this. I'll just leave it at that.
IMHO, the $1M is just to get afoot in the door. More and much larger donations will be needed to even get the ear of a member of the Cabinet let alone the man himself. Everything in this administration has a cost. Everything is to enhance the coffers of the POTUS and to hell with the law.
Without donations, presidents use leftover campaign funds to pay for the inauguration. So the donations do save the campaign money. And despite Trump not running anymore, those leftover campaign funds can still be used for other things, and there's lots of loopholes regarding how to use them.
CEOs kissing the ring and prostrating themselves in front of their new King.
As a campaign finance attorney, I can tell you that is all incorrect and whomever told you that has been giving you very bad counsel.
It's a hateful political position with no basis besides preventing gay or transgender people from having the same rights as heterosexual people. As a gay person, it's pretty clear he considers me as someone worth taking rights away from for simply existing.
I wonder how many Apple customers who are so outraged about Cook's personal donation to trump will now standup and purchase competitor tech products and phones going forward, sending Apple a strong message?
Or will they instead look the other way and choose to be complicit and continue to use and purchase Apple products?
Or will they instead look the other way and choose to be complicit and continue to use and purchase Apple products?
I am appalled at the speed at which corruption at the highest level has been normalized in the United States. CEOs now have to pay a bribe to the President of the United States in order to secure safety for their company. That's just sad. I wish I could find ANYWHERE on this planet that's not just as pathetic. Ironically, I would use all the money I've made on AAPL to make the move. But alas. The planet is now just a huge spinning ball of utter losers.
Apple CEO Tim Cook plans to donate $1 million to Donald Trump's inauguration fund, reports Axios. The donation will be a personal donation directly from Cook rather than a donation from Apple.
Following Trump's win, Cook congratulated him on social media site X, and in December, Cook had dinner with Trump at Mar-a-Lago. Cook aimed to maintain a relationship with Trump during Trump's first term as president, and it appears Cook plans to continue on with that plan going forward.
Sources that spoke to Axios said that Cook is donating to the inauguration "in the spirit of unity." Apple is not expected to make a donation.
Trump is taking office as Apple faces regulatory pressure both in the United States and in other countries. In March 2024, Apple was sued by the United States Department of Justice for allegedly violating antitrust law in multiple ways with its platforms. The Apple vs. DoJ legal battle will play out during Trump's term.
Amazon, Meta, Uber, OpenAI's Sam Altman, Goldman Sachs, Bank of America, Coinbase, Toyota, Ford, GM, AT&T, Black & Decker, and Charter Communications are also making donations to Trump's inauguration fund.
Note: Due to the political or social nature of the discussion regarding this topic, the discussion thread is located in our Political News forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.
Article Link: Apple CEO Tim Cook Donating $1 Million to Trump's Inaugural Fund
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And, as we found out during Trump's first inauguration, a big chunk of the inauguration funds will be spent at Trump properties and with businesses owned by close associates.
I didn't know that.
Either way, Tim is doing Trump a favor. And without getting too partisan, that's kinda how the game is played in DC. I do you a favor, you do me a favor. In both parties.
I feel bad for Tim. As others have said, he had to bend the knee. That's not his fault. I feel confident that he did not vote for Trump. Yet, enough other people did vote for trump, or decided it was okay for Trump to be President again that they didn't vote at all, that he won. Tim has to be concerned about what's good for Apple. That's his job. So, he spent a million dollars of his own money to do what's good for Apple. Sad, but that's the way it is. We live in a democracy (for now). This democracy decided it wanted Trump as President again. Yes, terrifically stupid. But, that's what mob rule gets you sometimes.
It's simply part of the extortion Trump exerts with his threats and attacks on American way of life. It will take a great deal to resist the fascism that is coming.
Between this, the insane levels of stock buy backs which make the rich richer, and the Apple Creative Crushing advertisement, it has put a knife into whatever remaining illusions we had about Apple being the rebel and for "good"
Its just a corporation like any other
Its just a corporation like any other
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It’s Tim Cook’s personal money. Not money that comes from the company. He’s free to do whatever he wants with it
Trump has invited Cook to a few dinners in his first term and has received an invitation to the 2025 Presidential inaguration and inaugural ball
Trump has invited Cook to a few dinners in his first term and has received an invitation to the 2025 Presidential inaguration and inaugural ball