Icahn Beats Apple Buyback Drum Again With New Proposal

wochit technology
December 04, 2013 AT 12:27 PM
Billionaire investor Carl Icahn has made his latest move in trying to get Apple to increase its buyback program. On Wednesday, he tweeted that he would make a "precatory proposal" to Apple that calls for a shareholder vote on the program. That means that even if the majority of Apple shareholders approve, the company would not be bound to the decision. He notes in the tweet that the request would be for less than the $150 billion he'd previously asked for.