?Numbers Show Apple Shareholders Have Already Gotten Plenty
Harvard Business Review
OCTOBER 16, 2014
9, armed with about 1% of Apple’s outstanding stock, the hedge-fund activist published an open letter to Apple CEO Tim Cook, urging him to accelerate the company’s stock repurchases by making a tender offer. In August 2013, Icahn bought more than $1 billion worth of Apple shares. trillion on buybacks (51% of net income) and another $2.3
9 
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