Greedy activist investor Carl Icahn has escalated his anti-Apple rhetoric on Wednesday after recently filing a proposal to put his aggressive stock buyback proposal up for a vote. Apple responded by confirming that any changes to its own corporate stock buyback program will be discussed in the “first part of calendar 2014,” likely at the upcoming shareholder meeting in February.
Be that as it may, Icahn now feels the Apple board is "doing great disservice to shareholders" by refusing to boost the company's buyback markedly, according to a tweet today. An in-depth letter will follow soon, the shark investor ominously announced.
At the same time, Icahn announced buying an additional half a billion dollars worth of shares, pushing his stake in the iPhone maker to north of a respectable $3 billion. He called the latest investment a "no brainer"...