“The annual event, where holders will vote on re-electing board members, takes place today at Apple’s headquarters in Cupertino, California,” Satariano reports. “In this year’s run-up, the company has been enmeshed in a public spat over distribution of its $137.1 billion in cash and investments with hedge-fund manager David Einhorn, who advocates a bigger payout, using preferred shares.”
Satariano reports, “A central criticism among shareholders is the money accumulated by Apple, the world’s most valuable company by market capitalization. Investors want a bigger slice of the cash hoard that has grown over a half decade amid surging sales of iPhones and iPads.”
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