Apple CEO Cook says lawsuit is 'silly sideshow'

Apple CEO Cook says lawsuit is 'silly sideshow'

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Apple CEO Cook says lawsuit is 'silly sideshow'

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by Associated Press

WCNC.com

Posted on February 12, 2013 at 1:13 PM

Apple CEO Tim Cook calls a shareholder lawsuit against the company a "silly sideshow" but says he is open to looking at the shareholder's proposals for sharing more cash with investors. 

Last week, investor David Einhorn sued Apple Inc., saying a proposal slated for a vote at the company's annual meeting in two weeks would make it more difficult to enact his plan to reward shareholders by distributing a new class of shares. 

Cook says the proposal puts more power in the hands of shareholders, making it difficult to understand why a shareholder would fight it. 

Repeating previous statements, Cook says the company is "seriously" looking at ways to hand out more cash to shareholders. 

Cook was speaking at a Goldman Sachs investor conference in San Francisco.
 

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