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"Merely 3.6%"? You realize the largest institutional shareholder of Apple stock is Vanguard, owning ~330 million out of 5.3 billion shares? A "mere" 6.2% or so?

Yeah 6.2% of APPL shares not the % stake in the company.

Rights have nothing to do with it. Any shareholder can write a letter.

>Someone help me understand how come a person/entity who merely owns 3.6% of a company has the right to be this aggressive about the future growth and policy-making of the company?

Some help me to understand how an owner of a company is not entitled to be aggressive about the future of the company. It's mostly in Silicon Valley where nobody cares about shareowner's rights (and yet everyone is so concerned about the little get getting the short end of the stick).

Shareowner mostly comprise of greedy wall streets fund managers and they will short the shares with out caring much about the DNA of the company or its organic growth. Shareowners as in fund manager never cared much about private small shareowners like yourself and me.