Apple becoming the world’s first trillion dollar company has put it in the crosshairs of consumer advocates, including Ralph Nader. He heavily criticized the company for a $100 billion stock buyback, instead of using the money to pay employees more, improve recycling efforts, increase R&D, or making other productive investments.
Nader is angered that businesses like Apple have spent so much of the Republican tax cuts put in place last year on stock buybacks, rather than the “productive investment and jobs” they promised.
