Apple shareholders want more of the pie

Apple is sitting on a huge pile of cash, and an activist hedge fund is making a move to get more of it into the pockets of shareholders, reports the Financial Times.

“The decision by David Einhorn’s Greenlight Capital to sue the world’s most valuable company is the latest effort to unlock the huge cash piles being hoarded by large technology groups. The 20 largest US companies in this sector, many of which are averse to making big investor distributions, are sitting on close to $500bn of cash and investments,” the report says.

Read more here.

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