Re: Totalitarian architecture...
Another hair-trigger defence of even the slightest anti-Apple sentiment, but you are missing the point.
Yes, Apple need more space, but they should not be custom-making an office for themselves that pushes the boundaries of what's possible in the field when they have no experience in construction/real-estate management. This is a classic example of a corporation spending large amounts of money on a non-value-add activity that's outside of their competency - this never ends well. This project will overrun, and overrun badly, and while Apple may have a big ol' ball of money, most of it's offshore; it hasn't got very much in the USA unless it wants to repatriate it and finally pay some tax.
The campus at Infinite Loop was built at a time when Apple's headcount was far higher than 3,000. I was there frequently in the late 1990s, after the post-Scully retrenchments (when Apple's global headcount was still at about 10,000, incidentally) and there were great expanses of empty office space available back then. Apple also occupied (and under-utilised) a variety of buildings on nearby Mariani Ave and De Anza Blvd, including a vanity "office of the CEO" in a building later taken over by Texaco (I think).
But even still, do you really think that all of Apple's 80,000 global staff work in Cupertino? That figure includes retail managers and store staff, in-country distribution and marketing, customer service and support, manufacturing supervision and global logistics. This is the bulk of the payroll, and none of it is in Cupertino.
You are entirely wrong about point one. The capital of a publicly-traded corporation is the property of its shareholders. It's not me saying this, it's the law. The shareholders may tolerate the company blowing chunks of cash on vanity projects, so long as the price rises, but trust me: when that stock falls, questions will be asked about this. Right now, the management is able to appeal to the baser instincts of its shareholders, so proper corporate governance is taking a back seat.
Your second point is confusing correlation and cause. The HQ announcement and the share-price rise have the same common cause: Apple's prior success in selling their products at amazing margins: success that emanated from the "cramped" HQ with "low architectural merit" (I wonder have you actually been inside the Infinite Loop campus? Architecturally, it was very conducive to getting work done when I was there)
I understand that you're an Apple fan, but someone who wants to see the company do well should at least be concerned about how it uses its assets.