Activist investor Carl Icahn is backing off his proposal that Apple spend $50 billion buying back its own stock during the current fiscal year that ends in September.
Activist investor Carl Icahn is backing off his proposal that Apple spend $50 billion buying back its own stock during the current fiscal year that ends in September.
For techies scanning the headlines over the past few months, one name has become an increasingly common occurrence: Carl Icahn, the legendary vulture capitalist, who first made a name for himself during the leveraged buyout boom of the 1980s, which pillaged profitable corporations for personal profit. These days Icahn proudly wears the moniker activist investor, […]
(Reuters) – Carl Icahn said on Tuesday he bought another half-billion dollars worth of Apple Inc stock, raising the activist investors stake to roughly over $4 billion. Icahn said the stock is a no-brainer, and argued the shares were undervalued. He is trying to get the company to tack on an additional $50 billion in […]
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