To Jim Cramer, Apple management better see this as a wakeup call. After all, Apple is the world's biggest publicly traded company, but Cramer thinks the corporate governance isn't acting like it.
"Apple's management needs to realize what everyone else has: that it's a regular public company like any other, especially since the death of its founder, Steve Jobs," Cramer said. "And until it either stops being public or trades through its cash, management is going to have do a much better job of explaining itself."
Apple currently has about $137 billion in cash on hand and Cramer thinks it's outrageous the company has no plans to put that money to work. He suggested Apple's management start an aggressive stock buyback program or offer a massive dividend boost. If management fails to tack such actions, though, Cramer fears things won't be looking up for shareholders.
(Read More: Douglas Kass on Apple: 'The King Is Dead')