This is a great move by Einhorn and turns up the pressure on Apple to return cash to shareholders. I don't have a preference about the preferred shares, I'd pre

This is a great move by Einhorn and turns up the pressure on Apple to return cash to shareholders. I don't have a preference about the preferred shares, I'd prefer they get rid of it just from a corporate governance standpoint and to keep the capital structure simpler. They should significantly increase the buybacks and raise the dividends, and they should issue debt in the US to avoid paying taxes on overseas cash (and work on lobbying for a holiday) to pay for it. Apple has more cash than they need, and Tim Cook admitted this when their cash balance was under $100 billion when he announced the dividend and buyback.