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February 10, 2014 AT 11:30 AM
Carl Icahn has chosen not to "persist" with his call for Apple to buy back at least $50 billion worth of stock in fiscal 2014, after proxy advisory company Institutional Shareholder Services advised investors to vote against the buyback proposal. CEO Tim Cook announced on Thursday that the company had repurchased $14 billion worth of its shares in two weeks, which Icahn applauded on Twitter.