Activist investor Icahn reconnects with Apple CEO

Oct 23, 2013

Activist investor Carl Icahn has sent a letter to Apple CEO Tim Cook three weeks after demanding the iPhone maker take steps to boost its stock price.

Icahn says in a post on his Twitter account that he sent the letter to Cook Wednesday afternoon. Icahn says he will share the letter Thursday on a new website called "Shareholders' Square Table."

The missive follows up on a Sept. 30 dinner with Cook that Icahn hosted at his New York apartment. During that get-together, Icahn said he lobbied Cook to spend $150 billion buying back Apple Inc.'s own stock. That's more than double the amount that the Cupertino, Calif., company has committed to spend.

Icahn has said his fund has invested about $2 billion in Apple.

Explore further: Icahn presses Apple for $150 bn share buyback

1.8 /5 (5 votes)
add to favorites email to friend print save as pdf

Related Stories

Recommended for you

Ahead of Emmys, Netflix already winning online

1 hour ago

Even if it doesn't take home any of the major trophies at Monday's Emmy Awards, Netflix will have already proven itself the top winner in one regard: Internet programming.

Oregon sues Oracle over failed health care website

12 hours ago

Oregon Attorney General Ellen Rosenblum says she's filed a lawsuit against Oracle Corp. and several of its executives over the technology company's role in the state's troubled health insurance exchange.

Google buys product design firm Gecko

12 hours ago

Google on Friday confirmed that it bought Gecko Design to bolster its lab devoted to technology-advancing projects such as self-driving cars and Internet-linked Glass eyewear.

Ticketfly buying WillCall for on-premise data

Aug 21, 2014

Ticketfly Inc., a San Francisco-based technology company among several posing a challenge to Ticketmaster, is acquiring WillCall Inc., a crosstown rival that turns your smartphone into a mobile wallet at live events.

HP revenue inches up after years of decline

Aug 20, 2014

Hewlett-Packard on Wednesday reported that its quarterly revenue rose for the first time in three years, nudged by improved computer sales everywhere except Russia and China.

User comments : 0