GREENLIGHT CAPITAL COMMENTS ON ISS STATEMENT ON APPLE
(The following statement from Greenlight Capital was received by e-mail and was reformatted. The sender verified the statement.)
"Investors are clearly frustrated by Apple's capital allocation strategy and the Company's unwillingness to consider all of its options to unlock the latent value on its balance sheet. We are pleased that ISS recognizes that Apple's bundling of proposals in its proxy is not in the best interest of shareholders. However, we are disappointed that they did not recognize the unique circumstances surrounding a company with $137 billion of cash on its balance sheet and no realistic potential for being a takeover target. All shareholders should send Apple's Board a clear message by voting against Proposal 2."