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: First eBay-Sotheby's sale to be held Wednesday

Related Stories

Recommended for you

Huawei reports 2014 profit up 33 percent

7 hours ago

Huawei Technologies Ltd., one of the world's biggest makers of telecommunications equipment, said Tuesday its 2014 profit rose 33 percent, helped by strong sales of smartphones.

Tesla shares jump on Musk 'tease' in tweet

19 hours ago

Tesla Motors shares jumped Monday after co-founder Elon Musk tweeted that the company would unveil as "major" new product line next month, leaving analysts guessing.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.