Terrible news just in - coffee is on the verge of extinction. Australia's top-paid CEOs, listed. More terrible news for the F35 and what exactly does a $19 billion tax bill mean to Apple?
The Australian Council of Superannuation Investors, representing 29 member funds collectively managing $480 billion in assets, has just released its 15th annual study of CEO Pay in ASX 200 companies.
The headlines have been grabbed by the news the EU has said Apple owes billions in back taxes. But from a market point of view, the big news overnight is the move higher in the US dollar.
The European Commission, the European Union's executive arm, is ordering Apple to pay about $14.5 billion in taxes to Ireland. But Ireland doesn't want the money.
Despite calls to the contrary from federal treasurer Scott Morrison, now is not the time for the government to rein in spending according to Professor Ian Harper, the newest member of the RBA board.
Salesforce has spent over $4 billion on acquisitions in the past year alone, and it's making some investors grow concerned about the company's spending strategy.
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