Apple pushed back against a fund manager's accusations that it adhered to a Depression-like mentality of hoarding its excess cash.
Fund manager David Einhorn appeared on CNBC to renew a frequent complaint against the cash-rich technology giant: that it needs to find a way to distribute its cash to shareholders.
In an interview on "Squawk Box," Greenlight Capital's founder defended his decision to file suit against Apple over a proposal that Einhorn asserts will eliminate the option of preferred stock. Einhorn urged shareholders to vote against the proxy, branding Apple's tactics as symptomatic of someone who has suffered through money troubles.