Jun 24, 2016 - 05:15 PM UTC — AAPL: 93.40 (-2.70, -2.81%) | NASDAQ: 4707.98 (-202.06, -4.12%)
“Apple is hosting its annual shareholder meeting today in Cupertino, Ca. and the big question looming over the event is if CEO Tim Cook will discuss what the company’s plans are for it’s nearly $140 billion cash pile,” Cadie Thompson and Jon Fortt report for CNBC. “Historically, the two-hour meeting is pretty straightforward, but this year Apple may feel pressure to shed more light on its cash strategy because of activist shareholder David Einhorn’s public shaming of Apple for not distributing more cash to shareholders.”
CNBC’s Jon Fortt is reporting live from the Apple’s 2013 shareholders’ meeting and will be sending live updates, including any news about its cash strategy.
Fortt’s live blog of Apple’s 2013 shareholders’ meeting — during which Cook reiterates that Einhorn’s lawsuit was “silly sideshow, regardless of how the judge ruled” — here.