If AAPL gives shareholders 100% of the cash on its B/S, and the PE remains constant, then the stock price doesn't move. Better yet, suppose AAPL just makes a giant bonfire out of their cash. Does the stock price stay constant?
That makes no sense and neither does Einhorn.
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im not sure about the same effect, but all in all $2bn a year is ok
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Bonus Watch ’16: Credit Suisse CEOs
Like many a Credit Suisse employee, Thiam will see his bonus chopped (though in his case the slashing is voluntary).