Apple board urges shareholders to vote against Carl Icahn’s $50 billion stock buyback proposal

Apple board urges shareholders to vote against Carl Icahn's $50 billion stock buyback proposalEarlier this month, activist investor Carl Icahn issued a formal proposal asking Apple to repurchase $50 billion of its stock to hand back to its shareholders. Apple has now responded in kind. Apple is committed to returning cash to investors The board believes that the stewardship over Apple's finances should be handled with care, and that “capital should be returned to shareholders on an efficient and sustained basis.”

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Apple board urges shareholders to vote against Carl Icahn’s $50 billion stock buyback proposal

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