14 DAY TRIAL // Renowned investor Carl Icahn has invited Apple CEO Tim Cook to his home this week to discuss a potential $150B/€110.9B stock buyback, calling the move a no-brainer for the Cupertino computer giant.
Unlike the late Apple co-founder Steve Jobs, Tim Cook may be easier to convince to enter such ventures. The current Apple CEO has been willing to do buybacks, and Icahn’s recent $1B/€740M investment in Apple may have been just been enough to grease the gears.
“Had a cordial dinner with Tim last night,” Icahn said on Twitter. “We pushed hard for a $150 billion buyback. We decided to continue dialogue in about three weeks.”
The investor later told Bloomberg, “It was the first time I’d met him. We had a nice dinner. He’s a very cordial guy. I told him we think it’s a no brainer on every metric to do a $150 Billion buyback.”