Billionaire investor Icahn steps up pressure on Apple Billionaire investor Carl Icahn said on Wednesday that he has filed a shareholder proposal with Apple for a much smaller stock buyback plan than he has advocated previously, as he continued to pressure Apple to share more of its cash pile. "Gave $AAPL notice we'll be making a precatory proposal to call for vote to increase buyback program, although not at $150 billion level," Icahn said in a ...
Dec. 4, 2013 - Reuters via Yahoo! News
Icahn to make "precatory" proposal to call for Apple buyback vote Carl Icahn on (where else?) Twitter: "Gave [Apple] notice we’ll be making a precatory proposal to call for vote to increase buyback program, although not at $150 billion level." Icahn, never scared to self-promote, also says he'll be on the cover of the next issue of Time (out tomorrow), which will feature a piece on investor activism. Apple ( AAPL -0.5% ) shares haven't moved much in response ...
Dec. 4, 2013 - Seeking Alpha