John Paczkowski

Recent Posts by John Paczkowski

Icahn Pledges to Continue Bugging Apple CEO

Tim_Cook_red_chairCarl Icahn’s Monday dinner with Apple CEO Tim Cook may have been a largely cordial affair, but it sounds like it did get a bit heated here and there.

In an interview with CNBC earlier today, the billionaire activist investor said that his exchange with Cook got “slightly huffy” at points, particularly when the conversation turned to how Apple’s board might respond to Icahn’s $150 billion stock buyback idea.

“The board is not appointed by God. They don’t have the divine right of kings,” Icahn said, adding that it’s a “no-brainer” for Apple to do a major buyback.

“I feel very strongly about this,” Icahn said. “I can’t promise you the stock will go up, and I can’t promise you they will do the buyback. But I can promise you that I’m not going away until they hear a lot more from me concerning this.”

Icahn and Cook are tentatively scheduled to meet again in about three weeks.

Apple did not respond to a request for comment on Cook’s dinner with Icahn.

Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik