“Apple has withdrawn from its proxy statement a controversial proposal it had intended to place before shareholders that had drawn the ire, and a lawsuit, from hedge fund manager David Einhorn of Greenlight Capital,” Arik Hesseldahl reports for AllThingsD.
Apple’s statement:
We are disappointed with the court’s ruling. Proposal #2 is part of our efforts to further enhance corporate governance and serve our shareholders’ best interests. Unfortunately, due to today’s decision, shareholders will not be able to vote on Proposal #2 at our annual meeting next week.
Read more in the full article here.
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