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Why Apple is against Carl Icahn's stock buyback proposal

Last Updated: Saturday, December 28, 2013, 16:49

Apple has recommended its shareholders to vote against Carl Icahn's proposal to increase the size of its stock buyback program in 2014 to 50 billion dollars, as the company is already fully committed to returning cash to its investors.

Billionaire investor Icahn steps up pressure on Apple

Last Updated: Thursday, December 5, 2013, 12:35

Icahn had been urging Apple to buy back USD 150 billion worth of shares.