All items tagged with "Carl Icahn"

eBay CEO’s Plea To Tim Cook: Icahn Do This Alone

Investor activist Carl Icahn is at it again -- with eBay as the target this time.

Investor activist Carl Icahn is at it again — with eBay as the target this time.

Activist investor Carl Icahn is at it again — and Apple might be lending moral support to his latest target.

Tim Cook was reportedly one of several tech leaders, along with Netflix CEO Reed Hastings, who was consulted by eBay CEO John Donahoe for advice on how best to deal with Icahn.

Donahoe has been locked in conflict with Icahn regarding Icahn’s suggestion that eBay should spin PayPal off as its own company.

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Icahn Do It Anymore: Activist Investor Drops Call For Apple Stock Buyback

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Carl Icahn has backed off campaigning Apple to increase its stock buyback — citing the company’s recent repurchases, along with influential proxy adviser ISS’s call against his proposal.

In a letter directed to Apple shareholders, Icahn noted that he was ditching his non-binding proposal to get Apple to add a further $50 billion to its buyback plan — down from the original $150 billion he was initially requesting.

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ISS Recommends Voting ‘No’ On Icahn’s $50bn Buyback Proposal

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Proxy advisory firm Institutional Shareholder Services (ISS) has recommended that shareholders vote against Carl Icahn’s share buyback proposal for Apple.

According to the ISS report, “[The Apple board] has returned the bulk of its U.S.-generated cash to shareholders via aggressive stock buybacks and dividends payouts. In light of these good-faith efforts and its past stewardship, the board’s latitude should not be constricted by a shareholder resolution that would micromanage the company’s capital allocation process.”

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Icahn Plows Another $500 Million Into Apple, Taking Total Investment To Over $4Bn

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Regardless of whether you think Apple’s falling share prices are justified or the result of bozos who don’t understand how Apple works, one person is seemingly happy with the immediate response to Apple’s recent financial quarter: Carl Icahn.

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Icahn Says Apple’s Mistreating Shareholders, Buys $500 Million More Shares

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Carl Icahn’s relationship with Apple has been rocky ever since he became the company’s most loquacious investor last Fall. While ribbing Tim Cook publicly with one hand for not doing a bigger buyback, the other has been busy forking over fat stacks of cash for more and more AAPL shares.

This morning Carl went classic Icahn and took to Twitter again to complain about Cook and the Apple board not giving him and other investors more money with his proposed $50 billion buyback, while also announcing he’s been gobbling up AAPL shares faster than Jaws went after those guys on the boat:

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Apple Board Asks Shareholders To Vote Against Icahn Buyback

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He’s appeared on the cover of Time magazine, and been called a “Johnny Come Lately” by Apple shareholders — and now Carl Icahn has also received a response from Apple regarding his proposed $50 billion buyback plan.

In short, Apple claims it is already returning a lot of money to its shareholders, and will continue to look at ways to do so — but doesn’t feel that it should be bound by Icahn’s suggested strategy.

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Carl Icahn Is A ‘Johnny Come Lately,’ Says Apple Investor

Credit: Tactus.com

Credit: Tactus.com

Would Carl Icahn’s memoirs be titled How To Lose Friends And Influence People?

Activist investor Icahn has been proving divisive in recent months by spearheading a campaign to get Apple to carry out a $150 billion stock buyback (which he later dropped to “just” $50 billion).

Well, it’s difficult to be as outspoken as Icahn without certain other investors speaking out about you — and that’s exactly what Anne Simpson, head of corporate governance at the California Public Employees’ Retirement System, has done.

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Carl Icahn Rallies Apple Shareholders To Demand Stock Buyback

The newest cover for TIME Magazine featuring Carl Icahn, the legendary investor who has set his sights on Apple.

The newest cover for TIME Magazine featuring Carl Icahn, the legendary investor who has set his sights on Apple.

Carl Icahn, the richest investor on Wall Street who has been pressing Apple to make a $150 billion stock buyback, has announced the next phase of his master plan. He has submitted a proposal to Apple shareholders that asks them to vote on his buyback, which effectively puts more pressure on Apple to meet his demands.

The question is whether a more aggressive buyback is actually in Apple’s best interest.

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Siri Software Maker Sees Decline In Profit Margins

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Nuance Communications — best known as the software makers of Siri — saw a slump in profits below its forecast 2014 projections, thanks to a shift to a subscription-based business model.

The move, which brings in less money upfront and instead is spread over a longer period, ensures more predictable recurring revenue — but also means a short-term hit in profit margins.

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Carl Icahn: Why I Wouldn’t Tell Apple To Acquire Siri Software Makers

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He may feel more than comfortable publishing an open letter to Tim Cook calling for Apple to engage in an immediate $150 billion buyback of shares, but (vocal) activist investor Carl Icahn has said that he would never push Apple to buy Nuance Communications Inc., maker of the software that runs the Siri feature on Apple’s iPhones.

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