Thursday morning investor Carl Icahn publicly released a letter that he had sent to Tim Cook, CEO of Apple. In more than 5,000 words, Icahn alternately praises Cook but also calls for him to increase the amount of Apple stock that the company is buying.
Icahn is a well-known investment activist/troll who often takes stakes in companies and then calls for leadership to take certain actions to benefit shareholders. In this case, he argues — perhaps rightly — that Apple should be using some of its massive stockpile of cash to buy stock, a move that usually ends up benefitting investors.
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