Investor Carl Icahn to Meet with Apple CEO Tim Cook on Monday, September 30

carl_icahnActivist investor Carl Icahn, who recently purchased around $1-2 billion in Apple stock, has a date for his meeting with Apple CEO Tim Cook to discuss the company's stock buyback plans and other issues, according to CNBC. The two will reportedly meet in New York City next Monday, September 30.

Activist investor Carl Icahn will meet with Apple CEO Tim Cook in New York City next week, where the billionaire may discuss the company's prospects, and the possibility of adding to his sizable stake in the technology giant.

Apple announced a stock dividend and buyback program in March 2012 as part of an effort to boost shareholder return as the company's cash and investment holdings have rapidly grown in recent years. Apple increased and accelerated the stock buyback program earlier this year, issuing debt to take advantage of a drop in the company's stock price.

Icahn believes that Apple should accelerate its buyback plans even further, arguing that it is a prudent move given the company's financial position and his belief that the company's stock remains undervalued.

Popular Stories

iOS 18

iOS 18.4 Coming Next Week With These New Features for Your iPhone

Friday February 14, 2025 6:18 am PST by
The first iOS 18.4 beta for iPhones should be just around the corner, and the update is expected to include many new features and changes. Bloomberg's Mark Gurman expects the iOS 18.4 beta to be released by next week. Below, we outline what to expect from iOS 18.4 so far. Apple Intelligence for Siri Siri is expected to get several enhancements powered by Apple Intelligence on iOS...
apple launch feb 2025 alt

What to Expect From the 'Apple Launch' Next Week

Thursday February 13, 2025 11:48 am PST by
Apple has yet to announce any new devices this year, but that could change starting next week. Apple CEO Tim Cook today said to "get ready" for a "launch" on Wednesday, February 19. "Get ready to meet the newest member of the family," said Cook, in a social media post. The post includes an #AppleLaunch hashtag, along with a short video featuring an animated Apple logo inside of a circle....
iPhone 17 Pro Render Front Page Tech

iPhone 17 Pro With All-New Camera Bar Design Allegedly Revealed

Thursday February 13, 2025 5:49 pm PST by
Apple's next-generation iPhone 17 Pro will feature three rear cameras arranged in a familiar triangular layout, but the cameras will be housed in an all-new rectangular camera bar with rounded corners, according to YouTube channel Front Page Tech. iPhone 17 Pro camera design render created by Asher for Front Page Tech In a video uploaded today, Front Page Tech host Jon Prosser said the camera ...
iphone air concept weis

iPhone 17 Air Could Look Like This in Real Life

Friday February 14, 2025 3:41 am PST by
There have been several alleged leaked details of the iPhone 17 Air, Apple's rumored new slim iPhone, but images have been limited to grainy shots taken in component factories. However, this hyper-realistic concept created by WEIS Studio gives us the best idea yet of what Apple's thin device might actually look like. The concept design is inspired by recent leaks indicating that the device...
m2 pro mac mini

Apple is Now Selling a Refurbished Mac Mini for Just $319 (!)

Saturday February 15, 2025 9:58 am PST by
A few days ago, we reported that Apple's refurbished Mac mini pricing had a problem, and it appears that Apple has taken note. Apple was offering a refurbished Mac mini with the M2 chip, 16GB of RAM, and 256GB of storage for $559, which was $50 more than a refurbished Mac mini with the M4 chip, 16GB of RAM, and 256GB of storage. All other key specifications were equal. That's no longer...
Apple Maps 2024

Apple Maps Might Start Showing Ads

Sunday February 16, 2025 7:22 am PST by
Apple is "exploring" the idea of showing search ads in the Apple Maps app, according to Bloomberg's Mark Gurman. Back in 2022, Gurman said software engineering was "already underway" to display ads in the Apple Maps app, but Apple did not move forward with the idea at the time. Today, he said Apple is "giving this notion more thought" again. This time around, he said Apple has yet to...
apple launch feb 2025

Tim Cook Teases an 'Apple Launch' Next Wednesday

Thursday February 13, 2025 8:07 am PST by
In a social media post today, Apple CEO Tim Cook teased an upcoming "launch" of some kind scheduled for Wednesday, February 19. "Get ready to meet the newest member of the family," he said, with an #AppleLaunch hashtag. The post includes a short video with an animated Apple logo inside a circle. Cook did not provide an exact time for the launch, or share any other specific details, so...
M4 Mac mini Apple Video

Apple's Refurbished Mac Mini Pricing Has a Problem

Thursday February 13, 2025 6:20 am PST by
Apple this week began selling refurbished Mac mini models with the M4 chip for the first time, but this has led to a pricing conundrum. In the United States, Apple is offering a refurbished Mac mini with the base M4 chip, 256GB of storage, 16GB of RAM, and Gigabit Ethernet for $509, down from $599 new. This is the standard 15% discount that Apple offers on refurbished Macs. The issue is...

Top Rated Comments

Technarchy Avatar
149 months ago
This Icahn guy seems like a pain in the ass.

Tim Cook probably dodges his calls 10 times a day.
Score: 23 Votes (Like | Disagree)
everything-i Avatar
149 months ago
This guy is a parasite, he wants Apple to accelerate the buyback for one reason only, it increases the value of his holding. He doesn't give a damn about the long term or Apple as a company, all he cares about is his own wallet.
Score: 10 Votes (Like | Disagree)
Technarchy Avatar
149 months ago
This is all very bad news for Apple.

Icahn is bad news.

His involvement implies the beginning of the end for any company, including Apple. Just take a look at what happened with Dell.

I just don't understand Tim Cook at all.

Apple went from the industry leader to a company unable to innovate. It can't even get over its fixation on iPhone's tiny screen size.

And it went from a company that lets its stock price speak for itself, to having to rely on someone such as Icahn to cheerlead its stock. How pathetic is this?

And what is all this talk of paying out dividend? The fact that the payment of dividend is already being done now and that there are more talks of higher dividend payout by Apple is extremely, extremely, worrisome.

Payment of dividend by a company like Apple is an admission by Board and Management that Apple has transited from an innovative, growth driven company to a stagnant company relying on revenue generation rather than growth and innovation. It is an admission that Apple is unable to generate more returns using the cash for the shareholder as compared to giving the cash back to the shareholder and have the shareholder generate the returns himself.

Put it another way, if Apple is still the innovative and growth driven company like it used to be under Jobs, it would surely not payout any dividend -- no shareholders would want it to pay dividend -- because by keeping the cash within Apple and have Apple use the cash to generate returns, the shareholders are able to ensure that there is more returns that way -- since there are no other ways to generate a higher return than Apple.

By shifting to a dividend paying company, Apple is in fact admitting that it no longer has the ability to innovate and grow like it did before, and is thus not able to use the cash to generate a higher return as compared to giving the cash back to the shareholders and have the shareholders themselves generate a return.

Again, this is all very bad news.

The sooner Tim Cook is gone, the better.

He is the worst thing to have happened to Apple. We are in danger of a redux of the disaster that happened at Apple after Jobs was first ousted.

If nothing is done to reverse this, I think Apple would become like Microsoft or Dell and become irrelevant in a couple of years time like BlackBerry.

How droll, but I doubt this is intentional satire.

If you equate a bigger screen with innovation, I doubt you've ever endeavored to be innovative.
Score: 8 Votes (Like | Disagree)
Gasu E. Avatar
149 months ago
This needs nipping in the bud now before he starts expecting Apple to bend its business around his interests.

Icahn is a stockholder, and like all stockholders he is legally a partial owner of the company. Stockholders in the aggregate are Tim's boss. Insofar as Icahn's interests are in line with other stockholder's interests, such as wanting for Apple to pay out their unused mountain of cash, Apple should be listening to him very carefully, and doing the best they can for their owners.
Score: 7 Votes (Like | Disagree)
rmwebs Avatar
149 months ago
Before people start circlejerking saying how it's the end of Apple as we know it, etc...

Carl Iahn is a huge investor, yes, but his net worth is NOT capable of taking over Apple. He might as well be a homeless beggar compared to Apple's value.

You're correct. However he still has the ability to spread influence with other high investors, and could be a problem for Apple if they start meeting his demands. This needs nipping in the bud now before he starts expecting Apple to bend its business around his interests.
Score: 7 Votes (Like | Disagree)
c0LdFire Avatar
149 months ago
Before people start circlejerking saying how it's the end of Apple as we know it, etc...

Carl Icahn is a huge investor, yes, but his net worth is NOT capable of taking over Apple. He might as well be a homeless beggar compared to Apple's value.

What he's doing (attempting to manipulate the value of his own investment) is still wrong and should be highly illegal, but it's not really going to actually effect Apple as a company.
Score: 7 Votes (Like | Disagree)