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By John R. Bolton
Reality calls for attaching Gaza to Egypt and the West Bank to Jordan
Topic - David Einhorn
A disgruntled shareholder pressing Apple to create a new class of preferred stock has dropped a lawsuit that became a moot point after the iPhone and iPad maker changed the agenda at its annual meeting earlier this week.
A federal judge is blocking Apple from conducting a shareholder vote on a package of governance proposals, handing a victory to a rebel investor who is trying to persuade the company to share more of its cash with its investors.
A Wall Street maverick who wants Apple Inc. to share more of its wealth with investors took his case to other shareholders Thursday, urging them to send management a message by voting against a company proposal at the upcoming annual meeting.
Apple CEO Tim Cook is calling a shareholder lawsuit against the company a "silly sideshow," even as he said he is open to looking at the shareholder's proposals for sharing more cash with investors.
With its annual meeting looming and its stock on the decline, Apple is facing a rebellion from an influential investor who wants the company to stop stockpiling cash and give it to shareholders instead.
Greenlight Capital is suing Apple in federal court in New York over attempts to eliminate preferred stock at the world's most valuable company.
An activist investor wants Apple Inc. to distribute more of its ballooning cash hoard to shareholders.
David Einhorn, the 44-year-old investor who attacked Apple Thursday, has a history of taking on companies and winning. But Apple is his biggest target yet.
The owners of the New York Mets thought they had found their white knight. After months of what appeared to be friendly negotiations with a potential minority owner, though, the cash-strapped organization is left still looking for help.
The New York Mets owners say the deal is off to sell a minority stake in the team to hedge fund manager David Einhorn for $200 million.
The cash-strapped owners of the New York Mets agreed to sell a minority share of the team to hedge fund manager David Einhorn for $200 million.
The cash-strapped owners of the New York Mets agreed to sell a minority share of the team to hedge fund manager David Einhorn for $200 million, with the new partner predicting the club's financial situation will improve.
Einhorn argued that if approved, it would create a bureaucratic hurdle that could make it more cumbersome to return cash to shareholders.
"In contrast to the rest of Apple's business, where innovation is the norm, Apple's attitude toward managing its cash has been exceedingly non-innovative," Einhorn said on the call.