Billionaire investor Carl Icahn said on Wednesday that he has filed a shareholder proposal with Apple for a much smaller stock buyback plan than he has advocated previously, as he continued to pressure Apple to share more of its cash pile. "Gave $AAPL notice we'll be making a precatory proposal to call for vote to increase buyback program, although not at $150 billion level," Icahn said in a tweet. CNBC said Icahn's plan calls for a $50 billion buyback program. Icahn had been urging Apple to buy back $150 billion worth of shares.
via Tech News Headlines - Yahoo! News http://news.yahoo.com/billionaire-investor-icahn-steps-pressure-apple-205245166--finance.html
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