Apple Inc.’s Latest Supplier Negotiating Tactics With GT Advanced Revealed It should go without saying that getting into iBed with Apple (NASDAQ: AAPL ) cuts both ways. Investors are easily hyped at the prospect of a company becoming an Apple supplier due to the potential upside. At the same time, its common knowledge that Apple squeezes its suppliers in unforgiving ways. By far, the most prominent public example is GT Advanced Technology (NASDAQOTH: GTATQ ) , which announced a shocking Chapter 11 bankruptcy filing in early October. Both Apple and GT have fought to keep the details of its partnership under wraps. But due to the interests of all of GTs public shareholders that woke up to losses in excess of 90%, a bankruptcy judge has now ordered that many documents become unsealed. One such document is an unedited affidavit from GT Advanced COO Daniel Squiller, shedding unprecedented light into some of the negotiating tactics that Apple utilizes behind closed doors. The most shocking one is an attempt to emasculate GTs senior management.
Posted on: Wed, 12 Nov 2014 17:36:27 +0000
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