Note that Reuterss this morning ran a non-bylined piece describing how Simon Greer, head of the Nathan Cummings Foundation, an investor in Greenlight, said it opposes Einhorns stance, citing a letter from the Foundation. The item was picked up by Bloomberg this morning as well.
Date: Feb 21, 2013
Category: Business
Source: Google
Hedge fund manager Einhorn takes Apple campaign to shareholders
"We very much oppose your decision to enjoin the 2013 annual meeting and the vote on Resolution #2," Simon Greer, president and CEO of the foundation, said in a letter to Einhorn that was obtained by Reuters.
Einhorn intends "to hold governance reforms hostage to his efforts to draw cash out of Apple. This flies in the face of what we know about long-term value creation," said Simon Greer, CEO of the foundation.