Close

Apple (AAPL) Shareholder Activism Highlights Capital Allocation, But Prefers Traditional Buyback/Dividend - Goldman

Go back to Apple (AAPL) Shareholder Activism Highlights Capital Allocation, But Prefers Traditional Buyback/Dividend - Goldman

Apple (AAPL) Ramps after Statement on Cash

February 7, 2013 3:47 PM EST

Shares of Apple, Inc. (NASDAQ: AAPL) ramped higher mid-day after the company addressed its cash hoard, saying it will thoroughly evaluate Greenlight Capitals current proposal to issue some form of preferred stock. The company said it remains committed to having an ongoing dialogue with... More

Apple (AAPL) Issues Statement on Cash

February 7, 2013 3:39 PM EST

By early last year, Apple's (Nasdaq: AAPL) cash balance had built to a point beyond what we needed to run our business and maintain flexibility to take advantage of strategic opportunities, so we announced a plan to return $45 billion to shareholders over three years. As of next week we will have executed $10 billion of that plan.

We find ourselves in the... More

CalPERS Takes Other Side of Einhorn on Apple (AAPL) Proposal 2

February 7, 2013 3:01 PM EST

Amid news that David Einhorn of Greenlight Capital is urging Apple (Nasdaq: AAPL) shareholders to vote NO on proposal 2 in an effort to leave the door open to a preferred stock, massive California pension fund CalPERS is out in support of the measure.
... More

CalPERS says Apple (AAPL) Proposal 2 deserves shareholder support - CNBC

February 7, 2013 2:34 PM EST

In opposition to David Einhorn's views, CalPERS says Apple (Nasdaq: AAPL) Proposal 2 deserves shareholder support - CNBC... More

Einhorn 'Chatted' with Apple (AAPL) CEO Cook Over Preferred Share Idea

February 7, 2013 2:04 PM EST

After issuing a letter earlier today, more information is out on the chatter between Greenlight Capital's David Einhorn and Apple (Nasdaq: AAPL) over keeping preferred shares in play.

Reuters reports Thursday afternoon that Einhorn "chatted" with Apple CEO Tim Cook on... More

Apple (AAPL) Pares Einhorn Gains, Trades Largely Flat Following 2% Rise

February 7, 2013 10:51 AM EST

After starting out about 2 percent higher on the session following comments from Greenlight Capital's David Einhorn, Apple (Nasdaq: AAPL) has since pared gains, now up just 0.1 percent Thursday morning.

Einhorn was pushing for a distribution of preferred shares to Apple holders in... More

David Einhorn Says Apple (AAPL) Tim Cook Doing an 'Excellent Job'

February 7, 2013 8:59 AM EST

On CNBC, David Einhorn believes Apple (Nasdaq: AAPL) CEO Tim Cook is doing an "excellent job."... More

David Einhorn Wants Apple (AAPL) to Create a High-Yielding Perpetual Preferred Stock, Urges NO Vote on Proposal 2

February 7, 2013 8:46 AM EST

In its activist action on Apple (Nasdaq: AAPL) today, hedge fund manger David Einhorn of Greenlight Capital is recommending the creation of a high-yielding perpetual preferred stock, that would be distributed at no cost to Apple's existing shareholders.

In a letter to shareholders today, Einhorn is recommending shareholders vote AGAINST... More

Einhorn's Greenlight Capital Urges Apple (AAPL) Shareholders to Oppose Proposal 2, Which Would Impede Ability to Unlock Shareholder Value

February 7, 2013 8:35 AM EST

David Einhorn's Greenlight Capital, Inc. announced that it is urging fellow shareholders of Apple Inc. (Nasdaq: AAPL) to oppose the Companys attempt to amend its corporate charter. Greenlight is voting AGAINST Proposal 2 in Apples proxy, which would eliminate preferred stock from Apples charter and thus restrict the Boards ability to unlock the value on Apples balance sheet. Greenlight is asking all shareholders to also vote AGAINST Proposal 2 at the upcoming Annual Meeting of Shareholders to be held on February 27, 2013.

A shareholder since 2010, Greenlight believes Apple is a phenomenal company filled... More