Thursday, October 9, 2014

Billionaire Carl Icahn sent a letter to Apple

American billionaire Carl Icahn trying to influence Apple, which has long pitted their impressive in terms of profit "in the money-box" and only recently announced plans to spend about $ 100 billion over several years to pay dividends and buy back their own shares. The investor intends to write an open letter to the leadership of the California corporation.
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In his microblog Icahn wrote: "Tomorrow we will send an open letter to Tim Cook. Believe me, it will be interesting".
Aykanu owns about 0.5% of shares in Apple, but it does not prevent the company's management to listen to a billionaire. In any event, CEO Tim Cook and former chief financial officer Peter Oppenheimer last year met with Aykanom.
Content of the letter is not yet known. However, in the past Icahn actively demanded Apple to increase program to return capital to shareholders in the form of dividends and share repurchases. The exact size of the stake Apple, which belongs to Icahn, has not been disclosed, but he calls it a major investor.
By the end of June 2014, Apple paid out to shareholders about $ 74 billion of the planned program of $ 130 billion, while its assets were $ 164 billion in cash and cash equivalents. Icahn previously required to increase the program to $ 150 billion.
Forbes estimates the state of Charles Ike's $ 24.2 billion. He is known for his aggressive strategy and is often accused of raiding. Businessman buys stakes in companies and then requires them to certain management decisions or changes. Among the "victims" of the investor - Motorola, Dell, eBay and other corporations.
Icahn is among the hundred most influential people in the world by the magazine Time.
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