toggle

AAPL Stock: 124.75 ( -1.42 )

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

Advertisement

Recent Reviews

Apple 13-inch MacBook Pro (Early 2015)

Although the new darling of the Apple MacBook line up is the all-new MacBook, Apple has given its popular 13-inch MacBook Pro with Ret ...

Griffin Twenty

A few years ago Griffin launched the original Twenty, a small digital amp that used an AirPort Express to turn any set of passive spea ...

Seagate Wireless

It seems like no matter how much internal storage is included today's mobile devices, we, as users, will always find a way to fill th ...

toggle

Most Commented