As part of its governance rules, Apple recently altered its requirements in regards to executive compensation and stock ownership. As of February 6, Apple executives and board members will be forced to own a hefty amount of shares, in accordance with salary.
David Einhorn's Greenlight Capital, a shareholder in Apple, filed a federal lawsuit against Cupertino today in response to a proposal set for a shareholder vote on February 27. According to Einhorn, Apple is hoarding large amounts of cash. Apple, as you might have guessed, disagrees with many of the statements made by Greenlight.
Fresh off a couple of exciting months of product announcements, Apple has reported a record fourth-quarter. Amazingly, the company now has over $121 billion in cash--that's cash money. Excuse me while I envision Tim Cook diving into a room of coins, like in the beginning of DuckTales.
-
Technology
Entertainment
-
Music
-
Creative
Sport & Auto
- About Future
- Jobs
- News
- Advertising
- Digital Future
- Privacy Policy
- Cookies Policy
- Terms & Conditions
- Shop
- Investor Relations
- Contact Future
© Future US, Inc. 4000 Shoreline Court, Suite 400, South San Francisco, California, 94080. All Rights Reserved.