Behind Apple’s Tax Situation, an Unprecedented Financial Policy

Most people know Apple as one of the richest and most successful companies in the world, but it wasn’t always that way. In 1997, the company suffered a near-death experience that caused it to completely reimagine itself. The result was a new line of products and a totally unique financial model that has since led to unprecedented success. Harvard Business School professor Mihir Desai explains the genius of the financial wiring behind the inventors of the Genius Bar.