05.12.2013 01:36 Uhr, Quelle: The Unofficial Apple Weblog

Carl Icahn files shareholder proposal in effort to actualize larger stock buyback

Well, if there's one thing most can agree on when it comes to activist investor Carl Icahn, it's that he's persistent. In an exclusive interview with TIME, the billionaire investor reveals that he recently filed a shareholder proposal to be raised at the company's next shareholders meeting. Its purpose? To get Apple to buy back even more of its shares on the open market. His measure calls for a share buyback and is in the form of a precatory proposal, which means that even if a majority of Apple shareholders approved, it would not be binding on the company's management. That's the typical approach for shareholder resolutions, even those coming from investors who are at odds with management. For his part, Icahn says he doesn't consider his pr

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