Description: Carl Icahn, who disclosed a $1 billion stake in Apple Inc. (AAPL) in August, said he had dinner with Chief Executive Officer Tim Cook and “pushed hard” for a $150-billion share buyback.

Source: Bloomberg.com – video report

Date: Oct 01, 2013

Link: http://www.bloomberg.com/news/2013-10-01/apple-s-cook-pushed-hard-by-icahn-for-150-billion-buyback.html

Questions for discussion:

• Summarize the financial plan proposed by Carl Icahn.
• What is the current plan at Apple?
• What do you think the best decision is for Apple and for shareholders?