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-   -   Tim Cook, Carl Icahn to meet Monday, September 30th (http://forums.macnn.com/113/tech-news/504423/tim-cook-carl-icahn-meet-monday/)

 
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="http://macnn.com/rd/295013==http://www.macnn.com/articles/13/08/22/icahn.pushes.for.greater.profits/" 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 />
<br />
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="http://macnn.com/rd/295012==http://www.electronista.com/articles/13/09/09/shareholder.special.meeting.next.week.general.meet ing.in.october/" 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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