The board could argue that it's damaging to the company's brand and long term bottom dollar to charge such usurious fees and fire the CEO for taking such a harsh stance with app developers.
Boards are not some sort of unelected shadow government that exists to depose leaders if they aren't squeezing enough blood from the stone.
Appointing a new CEO is time consuming and carries enormous market ramifications that could backfire on shareholders if it goes wrong, putting their own board seats at risk. Stability and peaceful transitions of power benefit everybody in this prisoner's dillema. A new CEO will be shopped around to the public years before they actually take power so there aren't any surprises when they do.
This nonsense has been parroted so often by now there should be a name for it.
And I'll be happy to prove you wrong: there are many things that Apple could do but hasn't done yet that would make them money and yet nobody is suing them for that. For instance they could make the cut 35% or 50% and if they don't then shareholders would sue. But they won't.
What are you trying to say actually? That we can't fault apple for a decision they're making?
When they do something marginally nice: "omg apple is so great :D" when they do something stupid: "poor apple is being forced by the market :'("
The CEO could easily stop this.
And the board would replace them. It’s their fiduciary duty.
The board could argue that it's damaging to the company's brand and long term bottom dollar to charge such usurious fees and fire the CEO for taking such a harsh stance with app developers.
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Boards are not some sort of unelected shadow government that exists to depose leaders if they aren't squeezing enough blood from the stone. Appointing a new CEO is time consuming and carries enormous market ramifications that could backfire on shareholders if it goes wrong, putting their own board seats at risk. Stability and peaceful transitions of power benefit everybody in this prisoner's dillema. A new CEO will be shopped around to the public years before they actually take power so there aren't any surprises when they do.
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This nonsense has been parroted so often by now there should be a name for it.
And I'll be happy to prove you wrong: there are many things that Apple could do but hasn't done yet that would make them money and yet nobody is suing them for that. For instance they could make the cut 35% or 50% and if they don't then shareholders would sue. But they won't.
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This. The board and the shareholders are the ones with the real power.