Investor Carl Icahn has posted an open letter to Apple CEO Tim Cook urging him to increase Apple's stock buyback to $150 billion. Icahn met Cook for a 'cordial' dinner at the end of September to push his buyback proposal; however, it appears Apple will be sticking to its $60 billion plan. … [Read more...] about Carl Icahn Posts Open Letter to Apple CEO Tim Cook Urging $150 Billion Buyback Plan
Stock Buyback
Warren Buffett Supports Apple's Stock Buyback Plan As Is
Although he doesn't own Apple stock, Berkshire Hathaway’s Warren Buffett says he supports Apple's buyback plan and wouldn't push for a larger share buyback, unlike investor Carl Icahn. AllThingsD reports that in an interview with CNBC, Buffet said he supported Apple's handling of the situation. Icahn has been pushing for Apple to raise the buyback to $150 billion, well above … [Read more...] about Warren Buffett Supports Apple's Stock Buyback Plan As Is