Icahn Back to Bugging Tim Cook in Public
These days, it's tough to say if Carl Icahn is most brilliant in his investing or public relations. Either way, he can't be beat. From cashing in half of his Netflix stake this week to pocket $800 million in profit, to teasing the launch of a new website by invoking the Apple brand, Carl Icahn is a genius on many fronts, it seems.
Recently, the billionaire investor once again lobbied (this time via written letter) Apple CEO Tim Cook in his relentless effort to inspire Apple to proceed with a larger share buyback. What did Icahn tell Cook exactly? We're about to find out.
As Carl Icahn tweeted today: "Just sent a letter to Tim Cook. Full letter will be disclosed on my website, the Shareholders’ Square Table, which will be launched tomorrow."
The man knows how to drive traffic to a website, does he not?
As some will recall, Icahn and Cook sat down at dinner several weeks ago to discuss Apple's buyback program. Icahn believes - and strongly - that Apple could move ahead with a much larger buyback than it is currently doing. The billionaire has gone on record several times to argue that shares of Apple are "extremely undervalued."
Icahn presently holds an estimated $1.5 billion stake in AAPL.