ISS: Apple Inc. Shareholders Should Vote No On Icahn’s Buyback

Mani

Published onFebruary 10, 2014

Updated on May 13, 2021

ISS recommends Apple Inc. (NASDAQ:AAPL) shareholders to vote against Carl Icahn’s share buyback proposal when it comes up for voting at a February 28 meeting.

Proxy advisory firm Institutional Shareholder Services called activist investor Carl Icahn’s proposal unnecessary in a note to clients on Sunday.

Proposal leads to micromanaging Apple

Carl Icahn managed to get a non-binding proposal placed on Apple’s annual meeting proxy ballot. He wants Apple to buyback $50 billion worth of...

Login required to continue reading.

Setup a free account to get access to this article (no credit card required).

View Full Article

Already a member? Log in here

Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

ISS: Apple Inc. Shareholders Should Vote No On Icahn’s Buyback

Proposal leads to micromanaging Apple

Login required to continue reading.

Get Your Business News