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by ocdtrekkie
3094 days ago
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I don't think I agree with that. There's no reason to suggest Google's current actions[1] (hiding billions of dollars in offshore accounts) maximizes shareholder value. They could, instead, either invest that money in ways that bring shareholders returns or even pay out dividends to shareholders directly. Both methods which would generate shareholder value and improve the US economy, which is also good for shareholders. Instead they're hoarding the money offshore in what looks like a figurative dragon in a cave hoarding shiny things. To my knowledge, hiding cash under your mattress has never been a wise investment strategy. [1] Note: Plenty of other companies do this too. Apple, Microsoft, etc. all have played tax games, even just in the tech industry. Though I find the level of disparity between Google's public statements about how it thinks things should be, and the statements of employees who seem to think they improve humanity by working there, and the actual realities of Google's business operations bordering on the comical. |
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