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

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

Apple Suggesting Shareholders to Vote Against Icahn’s Plan

Dec 28 2013, 9:27am CST | by

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

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...

Filed under: news

YouTube Videos

 
 
 

39 weeks ago

Apple Suggesting Shareholders to Vote Against Icahn’s Plan

Dec 28 2013, 9:27am CST | by

Apple Suggesting Share Holder to Vote Against Icahn’s Plan Icahn's buyback plan can be rejected by as Apple suggesting the shareholders to vote against the proposal

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

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.

 

 

 

 

 

 

 

 

Don't miss ...

 


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

5 Things You Need To Know About Apple Pay
5 Things You Need To Know About Apple Pay
Apple’s payment system will change the retail experience as a whole
 
 
New Reports Say Apple Watch Entering Production In January
New Reports Say Apple Watch Entering Production In January
Rumors are swirling about when the Apple Watch will be released
 
 
The iPhone 6 Is Coming To China
The iPhone 6 Is Coming To China
A license has finally been obtained by Apple
 
 
Will Europe Welcome Apple Pay?
Will Europe Welcome Apple Pay?
The new payment system might not catch on
 
 
 

Latest from the Network

Steven Tyler can't wait to be a grandfather again
Steven Tyler is ''over the moon'' that Liv Tyler is pregnant again. The Aerosmith rocker is delighted his eldest daughter, who already has son Milo, nine, with ex-husband Royston Langdon, and her boyfriend Dave Gardner...
Read more on Celebrity Balla
 
Lena Dunham felt 'ashamed' after date rape
Lena Dunham admits she ''spent so much time ashamed'' after being date raped at university. The 'Girls' creator and star, who is now in a long-term relationship with Fun.'s Jack Antonoff, says it took her a long time to...
Read more on Celebrity Balla
 
Kendall Jenner is infatuated with Chris Brown
Kendall Jenner is reportedly infatuated with Chris Brown. The 18-year-old model has fallen head-over-heels for the 'Loyal' hitmaker, 25, despite the fact he is still in a relationship with Karrueche Tran. A source close...
Read more on Celebrity Balla
 
Alyssa Milano quits 'Mistresses' for her kids
Alyssa Milano is quitting 'Mistresses' for the sake of her children. The 41-year-old actress, who has son Milo, three, and four-week-old daughter Elizabella with husband David Bugliari, has decided to leave the drama...
Read more on Celebrity Balla
 
Israel approves new settlement in East Jerusalem
Jerusalem, Oct 2 (IANS) An Israeli committee has granted approval to the construction of a massive Jewish settlement in East Jerusalem, Israeli settlements watchdog Peace Now said Wednesday. The approval by Jerusalem...
Read more on Politics Balla
 
Desmond Tutu urges support for Hong Kong protests
Johannesburg, Oct 1 (IANS/EFE) South African Nobel Peace laureate Desmond Tutu Wednesday called on all those who believe in democracy to support the student-led protests demanding that genuinely democratic elections be...
Read more on Politics Balla
 
Catalonia to go ahead with peaceful referendum
Madrid, Oct 1 (IANS) President of Spain's Catalonia autonomous community Artur Mas Wednesday said he has not changed his mind about the region's independence referendum despite the Spanish Constitutional Court...
Read more on Politics Balla
 
US, India to collaborate on Mars, Earth missions
Washington, Oct 1 (IANS) US and India have agreed to enhance cooperation in Mars exploration and establish a pathway for future joint missions to explore the red planet besides launching a NASA-ISRO satellite mission...
Read more on Business Balla
 
81 killed in Iraq as security forces launch offensive
Baghdad, Oct 1 (IANS) At least 81 people were killed Wednesday in airstrikes and clashes between the Iraqi forces and militants, security sources said. In Salahudin province, north of Baghdad, Iraqi security forces...
Read more on Politics Balla
 
Taylor Swift not thinking about dating
Taylor Swift insists dating is the ''last thing'' on her mind. The 24-year-old singer - who has previously been in relationships with Harry Styles, Joe Jonas, John Mayer and Jake Gyllenhaal - admits she isn't looking...
Read more on Celebrity Balla