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NewsPoster Sep 26, 2013 10:49 AM
Tim Cook, Carl Icahn to meet Monday, September 30th
Apple CEO Tim Cook and influential investor Carl Icahn have set a September 30th date in New York City for their <a href="" rel='nofollow'>long-planned meeting</a>, according to CNBC. The pair are expected to talk primarily about Icahn's push for an expanded buyback of Apple stocks. The company is already in the middle of a buyback plan that will cost it $60 billion by the end of 2015.<br />
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Icahn recently invested $1.5 billion in Apple; news of the transaction helped send share prices over the $500 mark, although they have since fallen back under that threshold. He has a reputation as an aggressive investor, having most famously <a href="" rel='nofollow'>fought against Michael Dell's efforts to take Dell private again</a>. In the end, Icahn was forced to give up that campaign.
The Vicar Sep 27, 2013 01:59 AM
Stock buybacks are ONLY good for people like Icahn. They're bad for the long-term health of the company. Cook won't tell Icahn to shove it, but he should.
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