Apple’s Three Year Stock Buyback Plan Kicks Off Today

Macgasm writes, Apple’s stock buy back plan is set to start this week. The program, approved by Apple’s board back in March, kicks off a there-year, $10 billion stock repurchasing program. The main objective, “neutralizing the impact of dilution from future employee equity grants and employee stock purchase programs.” According to Fortune journalist Philip Elmer-Dewitt, plenty of analysts were unpleased with Apple’s decision: No Apple analyst had pushed harder than Sacconaghi for the company to give some of the billions it had accumulated back to the shareholders — by...

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