Carl Icahn files proposal to put $150B Apple stock buyback program up for vote

Carl Icahn knows what he wants, and he usually gets it. These days, what Carl Icahn wants is Apple to initiate a $150 billion buyback program of its stock. Although Tim Cook hasn’t clearly expressed it, he’s been reluctant to follow Icahn’s request, which led him to file a precatory proposal.

A precatory proposal is a fancy term which, in clear English means a shareholder proposal for a stock buyback program to be voted on at Apple’s next annual shareholder meeting…(...)

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"Carl Icahn files proposal to put $150B Apple stock buyback program up for vote" is an article by iDownloadBlog.com.

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