Apple Explains Why Icahn’s Buyback Proposal Should Be Shot Down

“The company is one of the largest dividend payers in the world and has the largest share repurchase authorization in history.”
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QOTD: Open Up the Vault, Tim

Apple is not a bank.

Billionaire investor Carl Icahn, who has filed a shareholder proposal calling for Apple to buy back its own shares on the public market

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Take-Two Buys Back Stake From Icahn Group

Take-Two Interactive Software Inc. said it would buy back the 12 million shares in the videogame maker held by activist investor Carl Icahn’s firm.

Dell Loses Its First Senior Executive Since the Buyout

The first, but maybe not the first of many.
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Carl Icahn Now Owns about $2.5 Billion Worth of Apple Shares

Still agitating for a bigger buyback.
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Today Is Dell’s Last Day as a Public Company

See you around, DELL.
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Icahn to Apple: I Want a $150 Billion Buyback NOW

“In my opinion, any further delay in executing the buyback we hereby propose will reflect [a] lack of expertise on the board.”
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Icahn Cashes Out — And Cashes In — On Netflix Stake

Total return: About 457 percent.
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Look Who’s Taking Dell’s Spot on the S&P 500

Ending a 17-year run.
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Dell’s Days as a Public Company Will End With a 13-Cent Dividend Payment

Also: The board will shrink from 10 members to three.
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Carl Icahn Talking Up Apple Again