Tim Cook is a proven simpleton by saying stuff like this..................
Apple CEO Tim Cook is calling the shareholder lawsuit against the company a “silly sideshow,”
AAPL should counter suit him (personally) to see how long it takes for him to back off.. I rest my case....
selling preferred shares is an sweetener or incentive to own equities when nobody wants to own common shares.
only companies with lots of debt issue preferred shares. apple doesn't have any debt.
the only reason companies sell preferred shares is because they can't sell common shares and don't want to sell bonds that must pay interest to finance business. companies with preferred shares is as sign of weakness in the company.
because einhorn is being silly, he is a peon investor, he can sell his shares if he doesn't like the share structure. the 95% of the shareholders or board call the shots. not him