Investor activist Carl Icahn has submitted an advisory proposal asking Apple to increase the size of its stock buyback program in 2014 to $50 billion.
So, Bazillionaire Icahn’s wealth-making strategy is to buy enough stock in big companies to be able to force them to buy back his stock at inflated prices, guaranteeing him an extortionate profit?
Nice work if you can get it.
Gotta say I enjoyed watching Mike Dell kick the old vulture’s ass recently. I don’t think he could have muscled Steve Jobs, either, but Cook is no Steve Jobs.