Apple Inc. (AAPL): Carl Icahn On The Attack Again

Apple Inc. (AAPL): Carl Icahn On The Attack Again
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Carl Icahn apparently isn’t done with Apple Inc. (NASDAQ:AAPL). About this same time last year, Icahn pushed Apple management to start buying back as many shares as possible as quickly as possible. He backed off after months of pushing, but he’s at it again. There’s something else he wants from the company.

Icahn to send open letter to Apple management

Today the activist investor tweeted that they will be sending an “interesting” open letter to Apple CEO Tim Cook.

There have been no further details about what might be in that letter, but according to CNBC’s Scott Wapner, Icahn’s son Brett and also Dave Schechter, a senior investment analyst and director at Icahn Management LP, will somehow be involved. Wapner said today that all of them will be on his show Halftime Report tomorrow at noon Eastern.

Icahn hits up Apple again

Apple management somewhat placated Icahn by increasing the company’s dividend and buying back some shares. However, he would have liked to see even more, as he was originally pushing for $150 billion in share repurchases. Of course he’s naturally taking credit for the increase in Apple’s share price since he got involved in the company, and he couldn’t help “tweeting” his own horn, so to speak:

Icahn currently owns nearly $5 billion worth of Apple Inc. (NASDAQ:AAPL) stock. He’s been building that stake gradually. About a year ago, he did manage to talk Apple CEO Tim Cook into meeting with him, although Cook didn’t give in to his demands at that time. Maybe he’ll ask for another meeting with Cook in the open letter he’s sending tomorrow. We’ll just have to wait and see what he wants though.

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Michelle Jones is editor-in-chief for and has been with the site since 2012. Previously, she was a television news producer for eight years. She produced the morning news programs for the NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spent a short time at the CBS affiliate in Huntsville. She has experience as a writer and public relations expert for a wide variety of businesses. Email her at
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  1. Cook and Carl did in fact meet. What are you talking about. Tim didn’t give him what he wanted; but they did meet and talk.
    I think there is a possibility Carl suggests AAPL buy Pay Pal. Carl didn’t insist on it’s sale without a motive for it’s betterment.

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