Icahn, Apple CEO To Dine, Talk Buyback

Aug 23 2013 | 5:49am ET

Carl Icahn is keeping his fans apprised of his burgeoning friendship with Apple Inc. CEO Tim Cook on Twitter.

Icahn last month announced that he had taken a “large position in Apple” on the social-networking service and that he would push the company to launch a larger share buyback program.  At the time, he wrote that he and Cook had “a nice conversation” and planned “to speak again shortly.”

That conversation will apparently happen over a meal next month, Icahn told his Twitter followers yesterday.

“Spoke to Tim,” the billionaire hedge fund manager tweeted. “Planning dinner in September. Tim believes in buyback and is doing one. What will be discussed is magnitude.”

Apple has said that it plans to return $100 billion to shareholders by the end of 2015. Icahn wants the company to buy back $150 billion in shares, taking on debt to do so.


In Depth

Dillon Eustace: The Advantages of ICAVs

Feb 11 2016 | 7:51pm ET

As the growth of alternative investment vehicles continues, global asset managers...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...