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Letter in the FT on Apple's cash pile ex USA 30.08.16

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31
Aug

Letter in FT 30.08.16


Dear Sir

One of the first things Steve Jobs did on his return to Apple was to close down its foundation. 

Apple is sitting on $215bn of cash outside of the USA. Could the Apple Board at least consider using the interest on this to recreate a Digital Foundation for the world? 

Commentators are rarely critical of Apple and its extraordinary products but this amount of cash is frankly obscene. Come on Apple why not a Wellcome Trust for digital? 

Yours etc

Derek Wyatt
Founder, Oxford Internet Institute

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