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>>> Given how the stock has been for the past decade+, how do you figure? <<<

I guess a better way of looking at it is that Microsoft does everything that investors consider to be shareholder friendly. Lots of buybacks, good strong growing dividend.

They milked the company quite well. Folks who owned millions of shares of Apple and couldn't sell them (Gates/ Ballmer/ BOD) have done as well as you can expect. Well as well as anyone who owns a business that is executing as poorly as Microsoft has been.
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