David Einhorn’s Greenlight Capital iPrefs Presentation

Introduced in 1977, the 8-bit computer designed primarily by Steve Wozniak was one of the first successful personal computers.
Introduced in 1977, the 8-bit computer designed primarily by Steve Wozniak was one of the first successful personal computers.

I have included Greenlight Capital iPrefs presentation. David Einhorn’s hedge fund is a major sharedholder of Apple and has been advocating for different ways to return some of Apple’s $145 billion+ cash to the owners. He has proposed a new class of preferred shares named “iPrefs”, that would pay a fatter yield than the common shares. Tim Cook, the CEO of Apple, has called the proposal a “silly sideshow”. Yesterday Apple reported their 2nd quarter earning numbers and announced that they will boost dividend payout and increase share buyback. At least David is getting paid.

Presentation link below:
iPref Presentation by Greenlight Capital

Photo Credits: Forbes

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One thought on “David Einhorn’s Greenlight Capital iPrefs Presentation

  1. Reblogged this on the commonsense capitalist and commented:
    This is old news by now, but I just came across David Einhorn’s iPrefs proposal and thought it was still worth sharing. Interesting discussion of his rationale and how to think about the opportunity cost of holding cash. Check it out!

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