“Greenlight Capital is chatting to Apple investors today in a conference call aimed at gathering support for its campaign — and lawsuit — to stop Apple’s attempt to kill preferred stock,” John Koetsier reports for VentureBeat. “And to tell investors why each Apple shareholder should get perpetual preferred stock, for free.”

“One thing that’s unclear to me: the Greenlight lawsuit and shareholder campaign is, ostensibly, about ‘unlocking significant value for all shareholders.’ Einhorn obviously wants an acceleration of Apple’s dividend program, which is already committed to returning $45 billion to shareholders’ pockets over the next few years,” Koetsier reports. “That sounds good, but it’s hard to know how you can give everyone preferred shares. After all, if everyone’s special, no-one’s special. Right?”

Read more in the full article here.

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