“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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It would appear SJ’s view was to build a company which had sufficient financial reserves to allow him to tell the market manipulators to go F*** themselves. So what has changed?
Carl Icahn should get a seat on the board of CNBC.
Cramer, you really are an idiot!
I have a better idea. Apple should sell its R&D division and half its retail stores, then give the money to Icahn in appreciation for being such a good shareholder.
Makes about as much sense and would damage Apple even less than Icahn on the board.
The only major corporation that still makes products for people, and not just to make a profit. It was only a matter of time.
That’s like saying Jim Cramer tells the truth all the time.. NO CHANCE…
i’ll never forget his NYX stock of the century proclamation. i haven’t listened to him, since. i won’t listen to him, now.