Printed from http://www.electronista.com

Carl Icahn declares 'good conversation' with Apple CEO Tim Cook

updated 01:18 pm EST, Mon November 11, 2013

Investor quiet on progress of stock buyback agenda

Rich investor Carl Icahn has again spoken with Apple CEO Tim Cook, CNBC reports. Icahn tells the network that he had a "good conversation" with Cook in the past few days, and that both sides agree Apple stock is undervalued. The parties are also allegedly continuing to explore the possibility of an expanded share buyback program.

Icahn, who owns some $2.5 billion in Apple shares, has been pushing aggressively for an "immediate" $150 billion stock buyback program. Apple is already in the midst of a $60 billion buyback program, partly financed by debt, and due to conclude by the end of 2015. The two sides have allegedly squared off about how much control Apple executives should have over the company's cash reserves; Icahn has said he will consider using a proxy vote to force an expanded buyback if he can garner enough support from shareholders.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

D-Link Wi-Fi Smart Plug

Home automation fans have been getting their fair share of gadgets and accessories in the last few years. Starting with light bulbs, a ...

Razer Kraken Pro headset

Gaming headphones are a challenge to get right, for a long list of reasons that are unique to the consumer buying them. Some shoppers ...

Patriot Aero Wireless Mobile Drive

Regardless of how large a tablet you buy, you always want more space. There's always one more movie or another album you'd cram on, if ...

Sponsor

toggle

Most Commented

 
toggle

Popular News