Faculty News | New York Times | 20
Mar
2012
Flush With Cash, Apple Plans Buyback and Dividend
Re: David Yoffie
Professor Yoffie said the mentality stems partly from the "near-death experiences" that some pioneers in technology have undergone, Apple included. When Mr. Jobs returned to Apple in 1997, it was near bankruptcy. Apple stopped paying dividends to its shareholders in December 1995, when its cash reserves were dwindling.