Icahn Is Still Chirping About Apple Buybacks Via Twitter
Shrewd activist investor Carl Icahn took to Twitter again Wednesday, and the billionaire had more to say about the larger share buybacks he is pushing on Apple (NASDAQ:AAPL) CEO Tim Cook.
As we know, Icahn has a serious stake in Apple — about $1.5 billion — and he is all about his voice being heard. Earlier in the month, we learned via Twitter that he arranged a dinner with Cook specifically to talk about his buyback requests, and now Apple Insider reports that he had a similar argument to make in his letter he recently wrote to the CEO.
The investor reportedly wants Apple to initiate a larger buyback of its own shares, even though the Cupertino, California-based company already has plans to spend a total of $100 billion through 2015 on share buybacks and dividend payouts. According to Apple Insider, though, Icahn wants Apple to increase that share buyback program and spend $150 billion on its own shares, and he has taken to social media to make that happen.
Consumers were made well aware of the letter that Icahn penned Wednesday, because the investor tweeted about it, and even promised to publish it on his new “Shareholders’ Share Table” website that is expected to launch Thursday. ”Just sent a letter to Tim Cook. Full letter will be disclosed on my website, the Shareholders’ Square Table, which will be launched tomorrow.”