Masimo CEO Steps Down After Hedge Fund Power Struggle, But What Does This Mean for Apple?

Masimo CEO Joe Kiani has resigned after being removed from the company's board by shareholders following a proxy battle with hedge fund Politan Capital Management. Kiani had previously clashed with Apple over a patent dispute related to the Apple Watch blood oxygen sensor. The Apple Watch Series 9 and newer have the sensor deactivated due to the dispute. With Kiani's removal, there is potential for a settlement between Masimo and Apple. However, it is unclear whether Apple will take a different approach now that Kiani is gone. Kiani had previously stated he would accept a settlement if Apple made a call.