AAPL.nasdaq CEO Tim Cook progresses through the Q&A portion of today’s annual shareholder meeting. It would appear there is no dividend increase, nor stock split, forthcoming, despite speculation on those matters in recent days.
Cook was asked about the suit by hedge fund manager David Einhorn over the composition of Apple’s proxy statement, and its asking shareholders to say no to “blank-cheque” preferred share issuance. Einhorn won a court victory against Apple on the matter last week. Cook said he still believes the suit by Einhorn was silly, but that Apple takes seriously the matter of returning cash to shareholders and is actively reviewing the subject.
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