Why Apple Won't Pay a Dividend
Published Sat, 23 Jul 2011 on The Motley Fool

"I soon came up with this incredibly conservative approachthatI wanted to haveenoughmoney in the bank to pay a year's worth of payroll even if we didn't get any payments coming in," Gates once said while CEO. "I'vebeen almost true to that the whole time." Microsoft has been berated for its cash hoarding. But Apple (Nasdaq: AAPL) has taken things to a whole new level. With $76 billion in the bank, Apple has enough cash to pay its overhead expenses for 14 years without a dime of revenue. Steve Jobs makes Bill Gates look like a gambling man.... Read more