Icahn Sinks His Teeth Into Apple's Stock Buyback Plan
By: Dan Bobkoff
October 25, 2013
Activist investor Carl Icahn has increased his stake in Apple and is pushing the company to replace its own stock buyback plan with a much more ambitious proposal. In a letter to Apple CEO Tim Cook, Icahn said that, given the size of Apple's cash holdings, its stock buyback should be $150 billion instead of the planned $60 billion.
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