“That was one expensive dinner,” Julianne Pepitone reports for CNNMoney.
“Activist investor Carl Icahn told Apple CEO Tim Cook at a Monday night dinner that he wants Apple to issue a $150 billion buyback of its stock, in a bid to get Apple to return more money to shareholders,” Pepitone reports. “Icahn tweeted on Tuesday: ‘Had a cordial dinner with Tim last night. We pushed hard for a 150 billion buyback. We decided to continue dialogue in about three weeks.'”
Pepitone reports, “It’s unclear whether Icahn wants Apple to start a new buyback, or if he wants the company to expand its current program. Apple already announced in May that it will return $100 billion to shareholders over the next three years, through a combination of stock buybacks and a quarterly dividend of $3.05 per share.”
Had a cordial dinner with Tim last night. We pushed hard for a 150 billion buyback. We decided to continue dialogue in about three weeks.
— Carl Icahn (@Carl_C_Icahn) October 1, 2013
Read more in the full article here.
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Tim, tell that doucgebag to go shit in his hat. I wish Steve was alive. He’d know how to deal with that arrogant asshole.
Foreign companies like Samsung love Carl Icahn!!
He takes control of the most innovative American companies and then breaks them apart for his own profit. He did it to Motorola and some others before that. Now its Apple’s turn….
Thanks Carl for your contribution to unemployment and American dream….
In this case he can go to hell.