Masimo CEO steps down, but not because of Apple Watch dispute

Former Masimo CEO Joe Kiani may have won the war against Apple, but he has resigned after losing a fight with a hedge fund.Apple Watch Series 9 and newer are sold with a deactivated blood oxygen sensorAfter spending over $100 million and betting the company he founded on principle alone, Joe Kiani is out at Masimo. However, the reason he has resigned as CEO has nothing to do with Apple or a patent dispute.Reuters has the story, stating that Kiani stepped down after being removed from Masimo's board by shareholders. The move came after a proxy battle with hedge fund Politan Capital Management. Continue Reading on AppleInsider | Discuss on our Forums