“CNBC’s Jim Cramer says Apple should consider giving Carl Icahn a seat on the board now that the billionaire investor has announced he’s bought a large position in the company,” Paul Toscano reports for CNBC.
“‘They’ve got a new sheriff in town,’ Cramer said Wednesday on ‘Squawk Box.’ With so much cash on Apple’s balance sheet—$146.6 billion, Icahn will likely have a say in what the company will do with the money,” Toscano reports. “‘Maybe he wants a seat at the table. Would I give him a seat? Yeah,’ Cramer said. ‘I think Icahn is the single best investor in America today, so yes I would.'”
Read more in the full article here.
MacDailyNews Take: Only on planet Cramer does owning 0.22% of a company’s outstanding stock get you the sheriff’s badge.
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Cramer – you suck! your tune shifts with the wind – please go away, you do all of us harm!
Icahn is a good investor — that has NOTHING to do with designing wonderful products that delight the user.
The only person Carl puts first is Himself. 😎
That would be “himself,” don’t give him too much credit.
These Wall Street people and anal-ysts are truly repulsive. They all want to run or destroy Apple- or both.
Or gut and ruin the whole US economy.
Predatory capitalism is a reality.
I mean, really, that is what 2008 was all about. Or 1929 for that matter.
I am all for free enterprise, but certain forms of it are deadly and need to be regulated.
The town Jester says the Terminator would be a good addition to the board of directors.
Horrifying pictures at eleven.
Once again, Cramer proves himself an idiot.
NO NEVER!!!
Apple should buy his billion $ of stock and tell him to GTFO.
He’d just buy another billion.
MDN Take – perfect!
IDIOT! All these greedy WS guys want is their portfolio to make them more money while growing their fat asses doing nothing but collecting money. IDIOT!
Only in Cramerica is it acceptable to suck the lifeblood from a company and call it a good investment. Apple would be better off with Sergay Brin than a vampire like Carl Icahn on the board.
I nominate Mr. Cramer to the Apple board. He obviously knows what’s best for the company, and can’t be any worser than Mr. Eric ‘IP Thief’ Schmidt.
Let’s see here…
If I owned 100 dollars and someone owned 22 cents of it, I doubt they’d get much say on the remaining $99.78. I’d instead give them a quarter and tell them to piss off, much less give them a seat at my table.
I Love Cramer but what the hell?
That’s the most outrageous thing I have ever heard… Cramer uses to love Apple Apple as it went up but ever since it started to fall from 705 he turned 180 and bashes the company e wry change he got. I forgive him for that but giving Icahn a seat on the board? He just wants a freakin payday. He buys a large stake in Apple, tweets that is undervalued and talked to Tim telling him to pay out more money… Can’t be more self serving than that… I really hope Tim slams down this idea… But knowing Tim, he might just do the foolish thing of catering to Icahn.
I sort of agreed with what you said but I give Tim Cook much much more credit than that. Icahn only wants money, profit, as quick as possible from Apple. Should Apple die after he gets his profit, well who cares.
Wall Street preaches the money first last and in the middle. There is no “invest” there is only pump and dump, One does not care about anything longer than a quarter or so. A 5 year plan is totally beyond their conceptualization.
Just saying.
Very clueless. Apple’s stock has been going up for a month and a half NOT 2 days. And Apple puts more money in the bank every week than Carl Icahn used to buy his shares of AAPL.
Again Jim really needs anyone to bring him up to speed on Apple. Give me 15 minutes and I could wake Jim up. Jim will be eating the head off that crow very soon! Get the post-it note ready Jim!
‘Icahn’, but I can’t get a seat on ‘Apple Inc.’ board?
Very clueless. Apple’s stock has been going up for a month and a half NOT 2 days. And Apple puts more money in the bank every week than Carl Icahn used to buy his shares of AAPL.
Again Jim really needs someone to bring him up to speed on Apple. Give me 15 minutes and I could wake Jim up. Jim will be eating the head off that crow very soon! Get the post-it note ready Jim!
Apple’s Enemies:
Samsung
Google
Wall Street
DOJ?
Sure, let’s place a money manager who cares nothing about consumer products or user experience on Apple’s board, who will only focus on Apple piling on debt to release cash to shareholders. That should do wonders to Apple’s customer base as Apple starts turning out the cheapest stuff they can for the most cost, trading on their brand reputation to con consumers into buying stuff that no longer lives up to Apple’s legacy quality. That should work for a few years until Apple’s cash reserves dry up, the debt piles up, and Apple becomes just another company churning out crap to turn whatever goodwill is left into cash for shareholders.
If you want to kill Apple, there’s no quicker way to do it. But, Icahn could then lead the plan to start selling off its assets, creating a little more cash for investors until it’s all gone.
Personally, I’d keep the salesmen and money finaglers away from the reins of power. Their personal financial interests will always trump interest in the company’s customers.
Holy shit!! How fricking clueless can you get?? Apple develops positive experiences through exceptional product design and customer service. The only positive experience Icahn knows about is having a good bowel movement. Put him on the board and all that Apple believes in and delivers over and over goes away. Icahn is a parasitic jerk and Cramer has lost a screw!
Everyone wanted a big stakes from Apple, even an old-dirty- billionaires who has one foot in the graves, just simply because Apple has so much CASH!.
Dumbest crap he ever spewed and he’s had some dingers!!
NO THEY SHOULD NOT!!!!
Icahn has ZERO interest in Apple’s long-term future or product road map; he is truly out simply to make money on the stock. Any “input” he would have on the board would be entirely self-serving and meddlesome.
Yes. You are so right. He is the last thing that a good company like Apple needs.
Icahn is like the Michael Douglas character in the first Wallstreet movie. His goal would be strip Apple of their hard earned money and leave them to flounder in tough times. He just wants access to Apple’s Billions $$$.
Apple: Cramer should get booted in the nads for spouting such BS.
Great Idea: Give Icahn the seat held by Al Gore.
Dan Kurt
hey Mommie, I Insulted a Democrat. Can I have a cookie?
Touchy and reading politics into a sane comment. Pity.
I said this before in another post, but it definitely needs to be said here too:
As most have already said, Icahn’s stake is too small relative to Apple’s size for him to have the kind of influence he obviously seeks. But companies are run by people, and the stock market is a place where people make bets on those companies, and where there are “people”, there is irrationality. Icahn is a man who knows this, and he is trying to accomplish goals using market psychology that he couldn’t other wise with just his maybe-billion dollar stake.
Will he succeed? This Icahn dick-suck by Cramer shows ‘Ol Carl knew what he was doing with those tweets! And the rise in Apple’s stock we see today says he might get nearly everything he’s looking for, small stake or not. Certainly, Cook has already shown a penchant for making decisions based on stock price; He runs scared when his options take a hit (dividend & buybacks are only done when you worry more about the stock price, and the wailings of the peanut gallery over it, than you should). Now that the stock is up thanks to Icahn’s tweets, I would not be surprised – at all – if Cook invites this viper into his henhouse. For a numbers guy like Cook it probably seems logical to reward him for increasing his net worth by 30% in 24hrs.
So yes, this is all bad-news-getting-worse imo. At least, that is, if you care about how Apple was run when Jobs was alive. But honestly folks, that’s been the case for quite a while. You can look at not getting AppleTV done & on the shelves just because the content providers don’t want it to be ‘too capable’; at caving to the demands of the US & PRC when it came to helping them spy on their citizens; at taking on debt just to hand out money to Wall Street institutions that would have been just as happy to see Apple go belly up a few years ago … and it’s all been pointing to Cook running Apple as if it were just like any other company. Not the most cash-laden, successful, visionary company, which still managed to do right by the people who supported it, that may ever have existed. Cook never should have taken Icahn’s call, let alone had a meeting with him.
But that’s the thinking of a supply chain guru for you. Unfortunately, thinking like that for the leader of Apple … well, let’s just say it’s troubling to see said leader be so easily swayed against both his customers and the core principals that got the company this far in the first place.
Apple’s BoD will never allow Carl Icahn be one of them. He is just too much of a distraction and associated risk level is just too high.
Well, I am not a C-Level guy so what do I know….
my 2 cents…
Conservative NutBall Channel strikes again. The only place more detached from reality is Faux Out of Business Channel- a.k.a. Murdochvision II.
Cramer had his ass handed him by Jon Stewart over the whole CNBC shill game on the Daily Show and he seems not to have learned his lesson.
I don’t know which idea is dumber, this or the LG promotional event.
Sorry Jim, I disagree, I’m not sure in the end, Carl Icahn, has Apple’s best interest in mind! I wouldn’t give him a seat, make him prove his commitment to Apple to earn a seat on the board!