Apple CEO Tim Cook Calls Shareholder Lawsuit A “Silly Sideshow,” Says Company Won’t Waste Time On It
Last week, Apple was hit with a lawsuit from Greenlight Capital, David Einhorn's hedge fund, in order to contest a proposition which would include a requirement in Apple's charter that any move to issue preferred stock be approved by Apple's common shareholders. Today, CEO Tim Cook called that suit a "silly sideshow," speaking at a Goldman Sachs investor conference.
[News Source]