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Tuesday, October 01, 2013
Carl Icahn Confirms Monday Dinner With Apple CEO Cook


Billionaire activist investor Carl Icahn on Monday had dinner with Apple chief executive Tim Cook pushing Apple's boss for a buyback, Icann confirmed on Twitter.

"Had a cordial dinner with Tim last night. We pushed hard for a 150 billion buyback. We decided to continue dialogue in about three weeks," Icahn tweeted on Tuesday.

Icahn has made a career of urging companies to make changes to boost the value of shareholdings.

Cook announced a plan this year for a total of $100 billion in dividends and buybacks, but Icahn wants Apple to allocate $150 billion more for share repurchases.

Icahn, who reportedly holds an $1 billion stake in Apple, which has a market value of more than $400 billion.



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