David Einhorn gives Apple’s capital allocation plan a ‘C’ grade

“David Einhorn’s iPrefs proposal was among the factors that influenced Apple’s decision to launch one of the biggest share buybacks in history,” John Paczkowski reports for AllThingsD.

“Now that Apple has abandoned the Depression-era grandmother mentality with which it managed its cash hoard, Einhorn’s view of the company has tempered a bit,” Paczkowski reports. “But not that much.”

Paczkowski reports, “‘I think that that moves Apple’s capital management from a D- to a C or something like that,’ Einhorn told CNBC Thursday. ‘Obviously more could be done that would probably unlock additional value, but it’s not so bad at this point that I really want to complain about it.'”

Read more in the full article here.

13 Comments

  1. I give Einhorn and people like him an F for their impact on the world. We’d all be a lot better off without scumbags like them manipulating what ever they can get their dirty little hand on

  2. Einhorn and Icahn should borrow $75 billion and return it to MDN readers.

    I give their current plan an F, and I have up graded their GAF ( Greedy Asshole Factor ) to 85 out of 100.

  3. Einhorn would regard selling his grandmother as unlocking additional value. Fortunately Tim Cook is looking after the long term interests of Apple and won’t be doing any short term nonsense for the benefit of people like Einhorn and Icahn.

  4. Einhorns cash management plan for Apple “How can I manage to get my hands on some of their cash? Failing that, how can I use stock manipulation to trick average investors into giving me some of their cash?”

  5. i use to see einhorn quite a bit on cnbc. smart guy but it never changes with these guys. it’s always about the money ….only the money …..just about the money …..only the money …..just about the money …..only the money …..just about the money …..only the money …..just about the money …..only the money …..just about the money …..only the money …..just about the money …..only the money …..just about the money …..only the money

    1. And money is only a game. Challenge a monetary game player to actually CREATE something. DARE them. Ask them what they are actually worth if they don’t create anything tangible within their lifetime.

      “Here lies a game player. RIP, dummy.”

  6. “David Einhorn’s iPrefs proposal was among the factors that influenced Apple’s decision to launch one of the biggest share buybacks in history,” John Paczkowski reports

    Please justify this statement. Correlation does not indicate causality. I disagree that Apple did this BECAUSE of Einhorn’s iPrefs. Same for Icahn.

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