Monday, 28 October 2013

I-Cahn Cook up a Gross Mexican Standoff

Corporate Raider Carl Icahn wants Apple to increase its share buyback program but Bill Gross insists Icahn should do something more for the people and not just himself. The two are now duking it out on Twitter


Apple is currently sitting on a cash stockpile of $146.6 billion, the largest liquidity reserve of any company in the world. Some shareholders – Carl Icahn in particular – are unhappy and say that this cash should be put to good use. Read more

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