Tim Cook: Controversy Over Preferred Stock Is “Silly Sideshow”

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From Tim Cook to Jony Ive,
From Tim Cook to Jony Ive,

Speaking at today’s Goldman Sachs Tech Conference, Apple CEO Tim Cook was asked a series of questions about the recent controversies involving Greenlight Capital’s David Einhorn, who believes Apple wants to eliminate preferred stock and is suing the company over it.

Cook’s answers were candid, saying that the issue was widely misunderstood, and that he viewed the lawsuit as a “silly sideshow” that wasted the money of investors.