Greed: Fund Manager Sues Apple So He Can Create Illusion of Creating Value For Shareholder

Source:  9to5Mac.

Back when Apple was still struggle, Michael Dell was asked what he would do if he was in charge of Apple.  Well, he said he would do what exactly is happening to Dell right now:  give the money back to the investors.  Irony aside, maybe today’s Apple executives probably don’t think that is such a bad idea after all given what happened today.

Apple is being sued by a greedy fund manager to use financial trickery to “unlock” shareholder value.  Believe me when I tell you that all this is about greedy and getting Apple to do what it won’t.  Of course, by nature, fund managers are greedy people.  They have to be so you can’t really blame them.

So, no extra value is being created for Apple shareholders if this fund manager gets what he wants.  It’s all about Apple’s cash.  Cash that Apple can use to do what tech pundits and Wall Street analysts want Apple to do more often:  come out with revolutionary products the consumers did not know they want or need.

This is a simple case of Wall Street wanting everything.  Just like they want Apple to sell cheap iPhones while magically maintaining profit margin.