toggle

AAPL Stock: 100.82 ( + 0.25 )

Printed from http://www.macnn.com

Cook, Icahn to talk expanded share buyback at September dinner

updated 04:25 pm EDT, Thu August 22, 2013

Icahn pushes for greater profits

Investor Carl Icahn and Apple CEO Tim Cook will meet next month for a business dinner, according to the former's official Twitter feed. "Spoke to Tim. Planning dinner in September. Tim believes in buyback and is doing one. What will be discussed is magnitude," he writes. Icahn met with Cook earlier this month, putting forward the idea that Apple should expand its buyback program. The company is already in the middle of spending $60 billion on buybacks through 2015.

Icahn has a major incentive to push further buybacks. He already has approximately $1.5 billion invested Apple; the recent announcement of that stake helped send Apple's share price surging back over $500. With such an inflated value, a future buyback could turn a significant profit.




by MacNN 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

MacNN Sponsor

Recent Reviews

Life n Soul 8 Driver Bluetooth headphones

When it comes to music on the go, consumers generally have some options to consider when looking for the best experience. While Blueto ...

Pure Jongo T2 wireless speaker

Multi-room audio compatibility is a key metric for wireless sound systems these days. The entry cost into a house-spanning system can ...

Logitech Z213 multimedia speakers

Desktop computer speakers sit in a weird area of limbo: many consumers have forgone the era of desktop listening for the privacy and v ...

toggle

Most Commented