Apple’s leader says suit foolish
Investor upset over cash hoard
Posted: February 13, 2013 at 4:20 a.m.
Apple Chief Executive Officer Tim Cook on Tuesday dismissed complaints from activist shareholder David Einhorn that the company has a “Depression-era” attitude about hoarding cash, called his lawsuit challenging a proxy that would limit the ability to create a special class of stock “a silly sideshow” and said Apple’s engineers have not lost their innovative edge.
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Business, Pages 29 on 02/13/2013