Carl Icahn posts open letter to Tim Cook [Updated]<div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p><a href='
http://www.imore.com/carl-icahn-posts-open-letter-tim-cook' title="Carl Icahn posts open letter to Tim Cook [Updated]"><img src='
http://www.imore.com/sites/imore.com/files/styles/large/public/field/image/2013/06/wall_street_sign_hero.jpg?itok=7SqBvXKM' />[/url]</p> <p>As
he said he would yesterday, billionaire investor Carl Icahn has sent an open letter to Tim Cook, urging Apple's CEO to convince the company's board to repurchase a large amount of shares. The letter outlines, in detail, Icahn's expectations of the company and it's products, including new products like
HomeKit,
Apple Pay, and the
Apple Watch. He also said that this letter wasn't a jab at Tim Cook and his performance as CEO.</p> <!--break--> <p>From
Business Insider:</p>
<p>To be totally clear, this letter is in no way intended as a criticism of you as CEO, nor is it intended to be critical of anything you or your team are doing from an operational perspective at Apple.</p>
<p><strong>Update:</strong> Apple has responded to Icahn's letter with the following, via
CNBC:</p>
<p>We always appreciate hearing from our shareholders. Since 2013 we've been aggressively executing the largest capital return program in corporate history. As we've said before, we will review the program annually and take into account the input from all of our shareholders.</p>
<p>What do you think of Icahn's letter? Sound off in the comments.</p> <p>Source:
Business Insider,
CNBC</p> </div></div></div><div id="comment-wrapper-nid-27569"></div><img width='1' height='1' src='
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Source:
Carl Icahn posts open letter to Tim Cook [Updated]
