Re: Are these numbers correct?
He's effectively steering the board of Apple because he's basically right. However unpleasant and noisy he is.
If the pension funds would do their fucking job, and hold company boards properly to account on behalf of their investors, then we wouldn't need these activist shareholders.
I guess it's because the pension execs don't want to rock the boat. As they're hoping to be on the same gravy-train perhaps? But anyway, they've done a piss-poor job of overseeing the renumeration committees - and in fact the boards in general. They've allowed too many CEOs to also be chairmen, so they can control the board, instead of the other way round.
Apple have no business holding on to over $100 billion! They don't do big acquisitions, so they only need enough for a fat reserve, plus Tim Cook's cleverly used supply-chain slush-fund. $30bn at most, should be enough. Holding on to any more is just willy-waving, and rather suggests that the board have forgotten it's the shareholders' money (and in fact company) - not theirs.
Sorry about the rant. ...And breathe...