+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

CARL ICAHN: I Want Apple To Buy Back More Stock, But I'm Better Off If They Do Nothing

Jan 22, 2014, 23:07 IST

REUTERS/Chip East

Corporate raider Carl Icahn continues his battle with Apple.

Advertisement

Shortly after announcing on Twitter that he increased his Apple holdings to over $3 billion, Icahn appeared on CNBC with Scott Wapner to go on the attack.

He said it's "disgraceful" that Apple is not raising its share buyback program.

For months, he's been pushing the board to unleash some of its massive cash hoards in the form of a $50 billion stock buyback.

"I think Apple is a no-brainer," he said about his investment. He went on to tell CNBC that he's actually better off if Apple does nothing because he can buy more shares cheaply.

Advertisement

It's "amazing" that Apple isn't higher, he said.

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article