Apple’s zeroing in on a dividend or buyback was in the works
before Einhorn made his complaints public in February, although
some of the sources say Apple increased the size of its plan after
Einhorn’s comments. And although Apple CEO Tim Cook publicly
called Einhorn’s lawsuit a “silly sideshow,” the company
found his idea of preferred shares “interesting,” sources
said. If it decides against a share buyback, Apple could either
raise its existing dividend, which the company started paying this
year, or issue a special dividend.
Interesting story for Quartz to get the scoop on — I’d have expected this to leak to the WSJ or Businessweek first.