Icahn writes to Tim Cook urging Apple to expand buyback plan
11 years, 5 months ago

Icahn writes to Tim Cook urging Apple to expand buyback plan

Firstpost  

Billionaire activist investor Carl Icahn, who is urging Apple Inc to expand its share buyback plan, said on Wednesday he has written a letter to Apple Chief Executive Tim Cook and will reveal the contents on a website to be launched on Thursday. San Franscisco: Billionaire activist investor Carl Icahn, who is urging Apple Inc to expand its share buyback plan, said on Wednesday he has written a letter to Apple Chief Executive Tim Cook and will reveal the contents on a website to be launched on Thursday. Icahn, who has said Apple could trade at $700 with a larger stock buyback, told Bloomberg TV on Wednesday that Apple needs a board that goes in and does a “huge buyback.” Apple did not respond to a message seeking comment. The investor had dinner last month with Cook and Apple Chief Financial Officer Peter Oppenheimer and described the meeting as “cordial.” In August, Icahn told Reuters that “Apple has the ability to do a $150 billion buyback now by borrowing funds at 3 percent.

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Tim Cook says Apple's to continue with DEI programme for now, will only change if forced by law
1 month ago

Tim Cook says Apple's to continue with DEI programme for now, will only change if forced by law

Firstpost  

Tim Cook addressed concerns about Apple’s stance on DEI. During its annual shareholders’ meeting on 25 February, CEO Tim Cook reassured investors that the company remains committed to its DEI policies. Cook’s take on the future of DEI at Apple Shortly after the vote, Tim Cook addressed concerns about Apple’s stance on DEI. Cook, however, has managed to navigate Apple’s …

Tim Cook says Apple's to continue with DEI programme for now, will only change if forced by law
1 month ago

Tim Cook says Apple's to continue with DEI programme for now, will only change if forced by law

Firstpost  

Tim Cook addressed concerns about Apple’s stance on DEI. During its annual shareholders’ meeting on 25 February, CEO Tim Cook reassured investors that the company remains committed to its DEI policies. Cook’s take on the future of DEI at Apple Shortly after the vote, Tim Cook addressed concerns about Apple’s stance on DEI. Cook, however, has managed to navigate Apple’s …

Apple CEO Tim Cook to donate $1 million to Donald Trump's inauguration fund: Report
Trending News
2 months, 3 weeks ago

Apple CEO Tim Cook to donate $1 million to Donald Trump's inauguration fund: Report

Hindustan Times  

Apple CEO Tim Cook will donate $1 million from his wealth to US President-elect Donald Trump's inauguration fund ahead of his swearing-in on January 20, reported Axios. Tim Cook's decision to donate follows several high-profile financial donations and other contributions to Donald Trump's inaugural committee. Apple to settle lawsuit Tim Cook's move to donate comes after Apple agreed to pay …

Apple Stock Buyback Quarterly Earnings Revenue Loss Decline Tim Cook iPhone iPad iOS
10 months, 3 weeks ago

Apple Stock Buyback Quarterly Earnings Revenue Loss Decline Tim Cook iPhone iPad iOS

ABP News  

Apple on Friday announced its quarterly results, which not only surpassed subdued analyst expectations but also included an unprecedented share buyback initiative. Apple disclosed a 4 per cent increase in its cash dividend alongside a staggering $110 billion stock buyback authorisation, the largest in its history. Reuters Graphics The Cupertino giant reported a 4 per cent decrease in fiscal second-quarter …

Apple to pay $490 million to settle allegations that it misled investors about iPhone sales in China
1 year ago

Apple to pay $490 million to settle allegations that it misled investors about iPhone sales in China

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Apple has agreed to pay …

Here's How Much Apple CEO Tim Cook Has Made By Selling Thousands Of Shares
1 year, 5 months ago

Here's How Much Apple CEO Tim Cook Has Made By Selling Thousands Of Shares

News 18  

– Apple Chief Executive Officer Tim Cook made $41.5 million after taxes in his biggest share sale in two years, a U.S. securities filing showed. The Apple chief owns about 3.3 million shares, valued at about $565 million, following the sale, the filing showed. Apple launched its new iPhone 15 lineup last month, without raising prices, a move that some …

Apple’s Tim Cook gets 40% pay cut after shareholder feedback
2 years, 2 months ago

Apple’s Tim Cook gets 40% pay cut after shareholder feedback

LA Times  

For 2022, Tim Cook received compensation of $99.4 million, including $3 million in base salary, about $83 million in stock awards and a bonus. Apple is cutting Chief Executive Tim Cook’s compensation by more than 40% to $49 million in 2023, citing investor guidance and a request from Cook himself to adjust his pay. The company also plans to “position …

No plans to make crypto an accepted method of payment anytime soon: Apple CEO Tim Cook
3 years, 4 months ago

No plans to make crypto an accepted method of payment anytime soon: Apple CEO Tim Cook

India TV News  

Apple CEO Tim Cook, whose real-time net worth is about $1.4 billion, shot down rumours that Apple is targeting crypto as an investment even as prices for bitcoin and ethereum soared to new record highs. Apple has some $200 billion in cash -- "I don't think people buy Apple stock to get exposure to crypto," he said, and added that …

Apple CEO Tim Cook says he owns cryptocurrency, reveals plans of accepting crypto through Apple Pay
3 years, 4 months ago

Apple CEO Tim Cook says he owns cryptocurrency, reveals plans of accepting crypto through Apple Pay

India Today  

Apple CEO Tim Cook revealed that he has invested money in cryptocurrency. Cook in an interview with Andrew Ross Sorkin shared that the company may consider accepting crypto as a form of payment but may not launch the services immediately. I wouldn’t go invest that in crypto — not because I wouldn’t invest my own money in crypto — but …

Tim Cook says Apple is ‘looking at’ crypto and that he has invested in it
3 years, 4 months ago

Tim Cook says Apple is ‘looking at’ crypto and that he has invested in it

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Apple is “looking at” crypto and Tim Cook has invested in it himself, …

Tim Cook becomes a billionaire as Apple nears $2 trillion valuation
4 years, 7 months ago

Tim Cook becomes a billionaire as Apple nears $2 trillion valuation

The Telegraph  

Apple boss Tim Cook has become a dollar billionaire after a share surge took the iPhone maker within striking distance of a historic $2 trillion valuation. Mr Cook said in 2015 that he plans to give most of his fortune away, and he has already gifted Apple shares worth millions of dollars. The chief executive's stake is small compared with …

Meet the people helping Tim Cook run Apple
6 years, 7 months ago

Meet the people helping Tim Cook run Apple

Live Mint  

Los Angeles: On Friday, Tim Cook will mark the seventh anniversary of his ascension as Apple Inc.’s seventh chief executive officer. Apple rarely discusses succession planning, and when asked about it at the company’s most recent shareholder meeting, Cook said “passing the baton” wisely is one of his most crucial responsibilities. Today, she oversees marketing for Apple’s bevy of apps, …

Apple should spend more cash buying its own shares, says Berkshire Hathaway CEO Warren Buffett
6 years, 10 months ago

Apple should spend more cash buying its own shares, says Berkshire Hathaway CEO Warren Buffett

Firstpost  

At the end of the first quarter of 2018, Berkshire owned $40.7 billion of Apple’s shares — up from $28.2 billion at the end of 2017, The New York Times reported. A day after multinational conglomerate Berkshire Hathaway acquired another 75 million shares of Apple, its CEO Warren Buffett said the iPhone maker should spend more cash buying its own …

Apple’s Tim Cook reaped $373 million in stock in five years as CEO
8 years, 7 months ago

Apple’s Tim Cook reaped $373 million in stock in five years as CEO

Live Mint  

New York/San Francisco: Tim Cook, who marked his five-year anniversary as Apple Inc.’s chief executive officer on Wednesday, received shares valued at $373 million during that period as the iPhone maker’s stock doubled on his watch. Those were valued at $373 million at Wednesday’s close—and he can still earn the same number of shares over the next half decade. Cook’s …

Warren Buffett's Berkshire takes $1 billion bite of Apple
8 years, 10 months ago

Warren Buffett's Berkshire takes $1 billion bite of Apple

Firstpost  

Warren Buffett’s Berkshire Hathaway revealed a more than $1 billion stake in Apple in a rare foray into the technology sector, which Buffett has largely shunned apart from a poorly performing investment in IBM. “It’s not a leap of faith.” In a regulatory filing detailing most of its stock holdings, Berkshire said it held 9.81 million Apple shares worth $1.07 …

Apple shares bounce as Warren Buffett's Berkshire Hathaway takes stake
8 years, 10 months ago

Apple shares bounce as Warren Buffett's Berkshire Hathaway takes stake

ABC  

Billionaire investor Warren Buffett has taken a $US1.1 billion stake in Apple, a stock that has been in an extended slump. The stake was revealed in a regulatory filing by Mr Buffett's holding company, Berkshire Hathaway, after Apple shares skidded last week to their lowest level in two years. The filing with the Securities and Exchange Commission showed Berkshire with …

Warren Buffet’s Berkshire Hathaway has taken a $1bn stake in Apple
8 years, 10 months ago

Warren Buffet’s Berkshire Hathaway has taken a $1bn stake in Apple

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Warren Buffett’s Berkshire Hathaway Inc. …

Warren Buffett’s company buys 9.8 million Apple shares
8 years, 10 months ago

Warren Buffett’s company buys 9.8 million Apple shares

LA Times  

Warren Buffett sits at the See’s Candies booth during the Berkshire Hathaway annual shareholders’ meeting on April 29 in Omaha. Buffett’s Berkshire Hathaway Inc. disclosed Monday that it purchased 9.81 million shares of Apple Inc. in the first quarter, an investment reportedly made by another stock picker at Buffett’s Omaha-based conglomerate. The Apple investment was made by one of Berkshire’s …

Apple's stock weathers worst week since 2013
8 years, 10 months ago

Apple's stock weathers worst week since 2013

Firstpost  

Apple Inc on Friday ended its worst week on the stock market since 2013 as worries festered about a slowdown in iPhone sales and after influential shareholder Carl Icahn revealed he sold his entire stake. Confidence in the Cupertino, California company has been shaken since posting its first-ever quarterly decline in iPhone sales and first revenue drop in 13 years …

Apple billionaire investor Carl Icahn dumps every one of his shares in the company
8 years, 11 months ago

Apple billionaire investor Carl Icahn dumps every one of his shares in the company

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Icahn said Tim Cook, Apple chief executive, “seemed sort …

Apple: Carl Icahn sells stake in tech giant on China woes, warns of 'day of reckoning'
8 years, 11 months ago

Apple: Carl Icahn sells stake in tech giant on China woes, warns of 'day of reckoning'

ABC  

Billionaire activist investor Carl Icahn says he had sold his entire stake in Apple, citing the risk of China's influence on the stock. Key points: Carl Icahn has previously argued that shares of the iPhone maker were worth $240 each "We no longer have a position in Apple," Mr Icahn says The Chinese Government could make it very difficult for …

Apple's Lousy Week Could Signal Times Of Trouble For Tech Giant
8 years, 11 months ago

Apple's Lousy Week Could Signal Times Of Trouble For Tech Giant

NPR  

Apple's Lousy Week Could Signal Times Of Trouble For Tech Giant Apple got hit with a lot of bad news this week. It's the second-largest market after the U.S., and Icahn says the Chinese government could suddenly change its mind, close the doors and make it very difficult for Apple to sell there. In the interview, Icahn said China could …

Carl Icahn dumps all his Apple shares and makes $2 billion
8 years, 11 months ago

Carl Icahn dumps all his Apple shares and makes $2 billion

LA Times  

Billionaire business magnate Carl Icahn, whose investment decisions can influence the stock market, said Thursday that he dumped what was left of his nearly 1% stake in Apple Inc. on fears that Chinese authorities would bully the iPhone maker. The shares have lost 9% of their value since Apple revealed Tuesday troubling first-quarter financial results, including a 26% sales drop …

Apple's Cook reassures investors on China, stock boomerangs
9 years, 7 months ago

Apple's Cook reassures investors on China, stock boomerangs

China Daily  

Apple CEO Tim Cook delivers his keynote address at the Worldwide Developers Conference in San Francisco, California June 8, 2015. Apple Inc's Chief Executive Tim Cook took an unusual step of reassuring shareholders on Monday in comments to CNBC about the iPhone maker's business in China ahead of a dramatic 13 percent drop and rebound in its stock that put …

Tiger's Robertson says 'extremely positive' on Apple: Report
9 years, 8 months ago

Tiger's Robertson says 'extremely positive' on Apple: Report

Firstpost  

Julian Robertson, head of hedge fund Tiger Management, said Tuesday that he was “extremely positive” about Apple Inc and that Chief Executive Officer Tim Cook was the “perfect person” to lead the company. He said it was possible that Cook was a better leader for Apple than previous CEO Steve Jobs, since Cook is “more of a humanist, and I …

Apple executive adds to chatter that company is looking to cars
9 years, 10 months ago

Apple executive adds to chatter that company is looking to cars

Live Mint  

San Francisco: Apple Inc. just poured more fuel on speculation that it’s working on a car. Confronted by a shareholder on Wednesday at a rare public forum over where Apple is looking to invest its cash, Jeff Williams, Apple’s senior vice president of operations, seemed to suggest the automotive industry. Pressed further by Re/code co-founder Walt Mossberg, Williams appeared to …

Carl Icahn and son say Apple will still introduce TV, car: Report
9 years, 10 months ago

Carl Icahn and son say Apple will still introduce TV, car: Report

Firstpost  

Billionaire activist investor Carl Icahn and Brett Icahn, his son and portfolio manager, stuck to their views that Apple would introduce a television set and a car. “I believe they will do a TV,” Icahn said, added that “the one thing that I disagree with the company on is not buying a great deal more stock.” Brett Icahn said: “We …

How Tim Cook Plans to Spend his $785-Mn Fortune
10 years ago

How Tim Cook Plans to Spend his $785-Mn Fortune

The Quint  

Apple Inc Chief Executive Tim Cook is joining the list of the very rich who are giving away their wealth. Fortune magazine cited the head of the world’s largest technology corporation as saying he planned to donate his estimated $785 million fortune to charity, after paying for his 10-year-old nephew’s college education. –Tim Cook Fortune estimated that Cook holds $120m …

Apple's Tim Cook plans to give away all his money to charity
10 years ago

Apple's Tim Cook plans to give away all his money to charity

Firstpost  

Fortune magazine cited the head of the world’s largest technology corporation as saying he planned to donate his estimated $785 million fortune to charity - after paying for his 10-year-old nephew’s college education. Fortune estimated Cook’s net worth, based on his holdings of Apple stock, at about $120 million. Billionaire financier Warren Buffett is encouraging the very wealthy to give …

Apple's Tim Cook cites record sales and 'unbelievable' year
10 years ago

Apple's Tim Cook cites record sales and 'unbelievable' year

Firstpost  

Apple CEO Tim Cook took a figurative victory lap at his company’s annual shareholder meeting, one day after he announced details about the new smartwatch Apple plans to start selling next month. Two speakers, civil rights leader Jesse Jackson and a black Apple shareholder who did not say his name when he spoke, urged Cook to improve diversity in Apple’s …

Icahn values Apple at more than $1 trillion
10 years, 1 month ago

Icahn values Apple at more than $1 trillion

Firstpost  

Activist investor and major Apple Inc shareholder Carl Icahn said the iPhone maker’s stock should be trading at $216, far above its record high of $124.92 hit on Wednesday. At $216 per share, Apple - already the world’s most valuable company - would be worth about $1.3 trillion, or about the size of South Korea’s gross domestic product. Icahn said …

Carl Icahn letter to Apple: 'Stock trading at half price'
10 years, 5 months ago

Carl Icahn letter to Apple: 'Stock trading at half price'

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Activist investor Carl Icahn has …

Wall Street Kingpin Carl Icahn Says Apple Is Massively Undervalued
10 years, 5 months ago

Wall Street Kingpin Carl Icahn Says Apple Is Massively Undervalued

Wired  

Billionaire investor and Wall Street activist Carl Icahn believes Apple is massively undervalued. And so, in a letter posted on his website Thursday, Icahn urged the Cupertino-based company to do something about it by using its "excessive liquidity" to buy back shares of Apple stock. Today's letter, which is addressed to Apple CEO Tim Cook, praises Cook's leadership and hails …

Icahn tweets he will send open letter to Apple
10 years, 5 months ago

Icahn tweets he will send open letter to Apple

Firstpost  

Billionaire activist investor Carl Icahn tweeted on Wednesday, saying he would send an open letter to Apple on Thursday. “Tmrw we’ll be sending an open letter to @tim_cook. The investor has in the past urged Apple to return more of its cash to shareholders and pressured the company to raise its stock buyback and dividend. Icahn also tweeted that his …

Apple's new finance steward Maestri takes over $160 billion cash haul
11 years ago

Apple's new finance steward Maestri takes over $160 billion cash haul

Firstpost  

Apple’s Chief Financial Officer Peter Oppenheimer will retire and hand the reins to Luca Maestri in September, entrusting to the Italian-born executive a cash pile the size of Vietnam’s economy and the difficult task of guiding Wall Street’s expectations. Investors continue to clamor for the company to put its industry-leading $160 billion hoard to better use than just parked overseas, …

Apple TV no longer a hobby, says CEO Tim Cook
11 years ago

Apple TV no longer a hobby, says CEO Tim Cook

Firstpost  

Apple Inc sold more than $1 billion of Apple TV set-top boxes in 2013 and is investing heavily in the next generation of products, Chief Executive Tim Cook said at the company’s annual meeting on Friday. Though Cook steered clear of that discussion, he shed some more light on the Apple TV business, which executives have long referred to as …

Apple CEO Tim Cook teases, reassures shareholders
11 years ago

Apple CEO Tim Cook teases, reassures shareholders

Firstpost  

Apple CEO Tim Cook is still trying to convince shareholders that the iPhone maker remains a step ahead in the race to innovate, even though recent performance of the company’s stock lags behind other technology trendsetters. In making his case Friday, Cook struck a familiar refrain during Apple’s annual shareholder meeting at the company’s Cupertino, California headquarters. On the financial …

Apple CEO Tim Cook teases, reassures shareholders
11 years ago

Apple CEO Tim Cook teases, reassures shareholders

India TV News  

The meeting looked like it would be a tense affair until earlier this month when activist investor Carl Icahn abandoned a high-profile campaign aimed at pressuring Apple's board to increase the company's $60 billion budget for buying back its stock. Most shareholders at Friday's meeting seemed supportive of Cook, although a couple expressed frustration with Apple's stock price when he …

Icahn raises apple stake, now owns $3 billion in stock
11 years, 2 months ago

Icahn raises apple stake, now owns $3 billion in stock

India TV News  

Apple's stock gained $2.44 to $551.51 Wednesday. Apple's stock has surged by nearly 20 percent since last August when Icahn announced his initial stake in the company. Despite having minimal financial leverage, Icahn is still hoping his track record for prodding companies to make moves that have increased their companies' stock prices will persuade Apple's board of directors to follow …

Apple, Carl Icahn may head for a showdown
11 years, 3 months ago

Apple, Carl Icahn may head for a showdown

India TV News  

In April this year, the Board more than doubled the size of the programme to $100 billion and increasing the share buyback authorisation to $60 billion. The Board said it has executed "aggressively" against the capital return programme, spending USD 23 billion of the USD 60 billion share repurchase authorisation in fiscal 2013. Earlier this year, Icahn -- often called …

Apple has 'big plans' for 2014: Tim Cook
11 years, 3 months ago

Apple has 'big plans' for 2014: Tim Cook

The Hindu  

Apple enthusiasts across the globe are in for a treat as the iconic creator of iPhone smartphone and iPad tablet has "big plans" lined up for the next year. "We have a lot to look forward to in 2014, including some big plans that we think customers are going to love," Apple CEO Tim Cook said in a letter to …

Billionaire investor Carl Icahn presses Apple for bigger share buyback
11 years, 3 months ago

Billionaire investor Carl Icahn presses Apple for bigger share buyback

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Activist investor Carl Icahn is …

Icahn family's House of Cards: Father-son drama over Netflix stake – Firstpost
11 years, 5 months ago

Icahn family's House of Cards: Father-son drama over Netflix stake – Firstpost

Firstpost  

Billionaire investor Carl Icahn is so convinced he was right to sell some of his Netflix Inc stake that he made a big bet - possibly worth hundreds… Billionaire investor Carl Icahn is so convinced he was right to sell some of his Netflix Inc stake that he made a big bet - possibly worth hundreds of millions of dollars …

Icahn writes to Tim Cook urging Apple to expand buyback plan
11 years, 5 months ago

Icahn writes to Tim Cook urging Apple to expand buyback plan

Firstpost  

Billionaire activist investor Carl Icahn, who is urging Apple Inc to expand its share buyback plan, said on Wednesday he has written a letter to Apple Chief Executive Tim Cook and will reveal the contents on a website to be launched on Thursday. San Franscisco: Billionaire activist investor Carl Icahn, who is urging Apple Inc to expand its share buyback …

Wall Street Rewired: Apple, Icahn, and the $17 Billion Tweet
11 years, 7 months ago

Wall Street Rewired: Apple, Icahn, and the $17 Billion Tweet

Wired  

With just two tweets, Carl Icahn raised the value of the Apple empire by $17 billion. But it wasn't just Tim Cook and company that came out ahead when Icahn used Twitter to reveal his "large position" in Apple earlier this week. But the reality is that Icahn's play isn't all that different from the way Wall Street has always …

Icahn changes tack, seeks $16B Dell stock buyback
11 years, 9 months ago

Icahn changes tack, seeks $16B Dell stock buyback

Associated Press  

NEW YORK — Activist investor Carl Icahn on Tuesday proposed a $16 billion share buyback in his latest effort to thwart Dell Inc. founder Michael Dell’s effort to take the struggling computer maker private. Icahn, now the company’s second-largest shareholder after buying 72 million shares from fellow activist investor Southeastern Asset Management Inc., wants the company to buy back up …

Dell says cannot disclose more information to Icahn yet
11 years, 10 months ago

Dell says cannot disclose more information to Icahn yet

Firstpost  

Dell Inc said in a letter to suitors Carl Icahn and Southeastern Asset Management that the company would not provide more information about itself unless the board determined that their proposal was “superior” to founder Michael Dell’s. Earlier this month, Icahn and Southeastern offered $12 in cash per share or additional shares to existing investors as an alternative to Michael …

Dell board committee seeks more info on Icahn plan
11 years, 10 months ago

Dell board committee seeks more info on Icahn plan

Associated Press  

Dell board members say they need more details from investor Carl Icahn if he wants them to seriously consider his latest challenge to Michael Dell’s $24.4 billion plan to take the computer maker private. Icahn and prominent Dell shareholder Southeastern Asset Management said last week they want to keep Dell Inc. publicly traded and give shareholders $12 in cash or …

Apple to dole out $100 billion to shareholders
11 years, 11 months ago

Apple to dole out $100 billion to shareholders

The Hindu  

Apple is finally opening the doors to its bank vault, saying it will distribute $100 billion in cash to its shareholders over two years. Net income was $9.5 billion, or $10.09 per share, down 18 per cent from $11.6 billion, or $12.30 per share, in the same period a year ago. Revenue was $43.6 billion, up 11 per cent from …

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