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Icahn To Apple: I Want A $150 Billion Buyback

wochit technology
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October 24, 2013 AT 11:01 AM
Billionaire Carl Icahn asked Apple to commence an immediate tender offer to the tune of $150 billion in a letter to Apple CEO Tim Cook on Thursday morning. The letter, issued in conjunction with Icahn's new website "Shareholders Square Table," comes after Icahn urged Cook to use Apple's $150 billion in surplus cash to buy back company shares. In the letter, Icahn praises Cook's leadership, but says the discussed share buyback needs to be substantial.