“Cook said he still believes that a lawsuit filed against the company by activist shareholder and hedge fund manager David Einhorn is ‘silly,’ even though a federal judge ruled in Einhorn’s favor last week,” Seitz and Shalvey report. ‘The lawsuit was not about whether Apple should retain cash .. . it was about shareholder rights,’ Cook said. But he said the matter of what to do with Apple’s cash hoard of $137 billion is a serious one.”
Seitz and Shalvey report, “‘I don’t think the issue of returning cash to shareholders is silly — we’re seriously considering it,’ Cook said.”
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