Another investor sues Apple, taking a page from Einhorn playbook

Comments (5)
stefn wrote:

If labor unions messed up business management the way Wall Street nutballs do all the time, America would stomp them to death. Oh. Right.

Feb 13, 2013 6:11pm EST  --  Report as abuse
stefn wrote:

If labor unions messed up business management the way Wall Street nutballs do all the time, America would stomp them to death. Oh. Right.

Feb 13, 2013 6:11pm EST  --  Report as abuse
zato wrote:

“The plaintiff is Brian Gralnick of Elkins Park, Pennsylvania. He has been an Apple shareholder since 2007, the lawsuit said. It does not list the size of his stake.”

Who is really bankrolling this lawsuit?

Feb 13, 2013 6:31pm EST  --  Report as abuse
WaltFrench wrote:

”One of the proposals is the same measure Einhorn targeted that would eliminate from the company charter Apple’s ability to issue preferred stock.”

Umm, not to get all reality-based on you or anything, but the proposal (among other things) merely restricts Apple from issuing preferred without prior shareholder approval.

Issuing preferred shares could be one way that a company partially taken over by raiders would use to vacuum out cash before flipping it back to the market. Sure sounds like a shareholder-friendly proposal to me. Einhorn may or may not have a point about distributing Apple’s current cash horde, but this is about control, not about dividend policy.

Feb 14, 2013 9:42am EST  --  Report as abuse
ufip1 wrote:

I applaud Tim Cook. Steve Jobs is dead y’all. If anyone on Wall Street continues to think that the reason Apple is where it is is only because of Steve Jobs, it confirms many peoples opinion of the dysfunction that exists. Jobs was a salesman’s salesman, he could package & present anything better than most. Jobs was one of many incredible CEO’s in this era. Jack Welch, Phil Knight, Lawrence Ellison, Ralph Lauren to name a few have created and maintained brand dynasty. What people dislike about Tim Cook is his calm cool demeanor. Jonny Ive alongside Jobs and his cast created cool stuff, functional products that wowed you. Not just a glitzy ad campaign using all star basketball players. I’m not discounting the other competitors, they’re valid. Apple needs to get back on track and they have by coordinating development hardware & software under Ive. As for Einhorn and this other individual, are your ego’s satisfied now? Good. Let Apple get back to work .

Feb 14, 2013 10:03am EST  --  Report as abuse
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