If you’ve been following the drama surrounding David Einhorn and his firm, Greenlight Capital, then this is all familiar stuff. If not, we’ve got the quick recap for you. A big hedge fund that owns Appel stock wants Apple to stop being so stingy with its cash and give some back to shareholders.
Yesterday the Wall Street Journal ran a story about hedge fund titan David Einhorn, and his firm Greenlight Capital’s view that Apple isn’t distributing enough cash to shareholders. Einhorn says Apple is behaving with a “depression-era mentality” according to the story.