updated 04:59 pm EDT, Tue October 1, 2013
Pair were joined by CFO Peter Oppenheimer
Yesterday's meeting with Apple CEO Tim Cook was actually "a little testy," says investor Carl Icahn in a new CNBC interview. In a Twitter post today, Icahn had claimed that the meeting was "cordial." The pair are now said to have been joined by Apple CFO Peter Oppenheimer, and disputed whether or not shareholders should get involved in how Apple executives spend cash.
"The board is not God," Icahn tells CNBC. "And the board, in this kind of a case, should be listening to what the shareholders want." Icahn has approximately $1.5 billion invested in Apple, and is pushing the company to expand its share buyback program from $60 billion to $150 billion. He has publicly described the company as "extremely undervalued."
Icahn is sometimes describes as an "activist" investor, willing to pressure companies into making changes that favor his investments. He recently fought Michael Dell's plans to take his company private, for instance, and also helped force out the former CEO of Motorola before the company was bought out by Google.