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Apple should announce succession plan, stock buyback?

01/25, 7:50pm

Apple stock buyback

Apple should announce a management succession plan and use some of its cash reserve to retire 20 percent of the company's outstanding shares, according to Chad Brand, founder and president of Peridot Capital Management. Brand claims that the company has plenty of competent managers and its operations would continue to be successful even without jobs. He believes, however, that the board should nonetheless announce a potential executive hierarchy in the event that Jobs leaves his position as CEO.

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