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US businessman sues Apple

One of Apple's most renowned shareholders is suing the company for not sharing out enough of it's...
Newstalk
Newstalk

08.30 8 Feb 2013


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US businessman sues Apple

US businessman sues Apple

Newstalk
Newstalk

08.30 8 Feb 2013


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One of Apple's most renowned shareholders is suing the company for not sharing out enough of it's money.

US hedge fund manager David Einhorn thinks the computer firm should share out more of its 87 billion pound cash reserves to investors.

He's accused Apple of having a "depression-era" mentality for hoarding cash and playing safe - but the company's described the action as misguided.

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Equity Analyst with Cantor Fitzgerald John Mulane explains the thinking behind the action:

 



 
 
 
 
 
 

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 You can also watch a report on the legal actions below:

 

 

 


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