360° Coverage : Apple Suggesting Shareholders to Vote Against Icahn’s Plan

Apple Suggesting Shareholders to Vote Against Icahn’s Plan

Ahead of the next shareholder meeting, Apple is suggesting its investors to vote against Icahn’s $50 billion share buyback proposal

Dec 28 2013, 9:27am CST | by

Apple Suggesting Share Holder to Vote Against Icahn’s Plan
Photo Credit: Getty Images

Yesterday, Apple filed a proxy statement, through which the company persuades its shareholder to vote against Icahn’s plan of enhancing the money for buying back the shares.

Carl Icahn, one of the top business magnates of America, plans to push Apple for a massive $50 billion buyback program, which has been intensely criticized by the people. As the proposal is a “non-binding advisory resolution”, the shareholders’ approval will not force Apple to obligate the decision.

In the upcoming shareholder meeting, scheduled to be held on 28th February, Icahn’s proposal will be brought to the Apple investors. Knowing this fact, the tech giant is suggesting the investors to vote against the massive share buyback proposal.

According to CNET, in addition to the suggestion, Apple assured the shareholders that the company is devoted to bring the money back to the investors.

The statement reads, “The board and management team are thoughtfully considering options for returning additional cash to shareholders and are currently seeking input from shareholders as part of the Company’s regular review.”  

However, Icanh hasn’t made any comment regarding the statement.

 

 

 

 

 

 

 

 
 
 


Ehsanul Haque Kanan is covering consumer electronics with passion. He is especially an avid follower of all things Apple.

 

blog comments powered by Disqus

Latest stories

Royal treatment for Apple Watch Edition buyers
Royal treatment for Apple Watch Edition buyers
Gold watch lets you to the front of the line
 
 
Apple Watch Edition Customers get Royal Treatment
Apple Watch Edition Customers get Royal Treatment
Apple offers several special perks for Apple Watch customers that spend $10k or more on an Apple Watch.
 
 
Apple Watch In-Store Purchase Experience Detailed
Apple Watch In-Store Purchase Experience Detailed
The Apple Watch is a far more complex purchase than the iPhone. Apple has prepared a whole new sales experience for their newest product category.
 
 
Apple Reportedly Revealing the New iPad Mini 4 in April 2015
Apple Reportedly Revealing the New iPad Mini 4 in April 2015
The new iPad Mini 4 is said to be announced in the next month, but is unlikely to be released in the market before September