Some of Apple’s shareholders have had enough. They sued the big hardware company in federal court according to the Los Angeles Times. The plantiffs accuse Apple of a longtime practice of manipulating option grants including on the day before AAPL announced its alliance with Microsoft in 1997.
Perhaps the shareholders can do what the board would not. Options granted a day before good news does seem a bit of a coincidence.
Or, is it?
Douglas A. McIntyre can be reached at email@example.com. He does not own securities in companies that he writes about.