Published On: Sat, Feb 8th, 2014

Apple Shareholders Should Reject Lcahn’s Buyback Proposal: Proxy ADvisor

Proxy advisory firm Egan-Jones advised Apple Inc shareholders on Friday to reject activist investor Carl Icahn’s demand that the iPhone maker expand its stock buyback program, a proposal that will be put to a vote this month.A clerk arranges Apple's iPhone 5C

“The board and management team have demonstrated a strong commitment to returning capital to shareholders over the past two years,” the firm, the smallest of the three major proxy advisory outfits, said in a report obtained by Reuters on Friday.

Icahn is waging a campaign to get Apple to return more cash to shareholders and has filed a resolution proposing that it gives back $50 billion more through share buybacks. That proposal will be put to a vote at Apple’s Feb 28 shareholders’ meeting.

(Reporting by Edwin Chan; Editing by Bernadette Baum)

Recent Posts

Giftster

Let The iPhone Be The Elf To Your Santa

October 18, 2017, Comments Off on Let The iPhone Be The Elf To Your Santa
Workplace Injuries

The Most Common Workplace Injuries And How To Avoid Them

October 18, 2017, Comments Off on The Most Common Workplace Injuries And How To Avoid Them
Business Blunders

Business Blunders And How To Keep Them At Bay

October 17, 2017, Comments Off on Business Blunders And How To Keep Them At Bay
realstate

Canadian Real Estate’s Big Chill

October 14, 2017, Comments Off on Canadian Real Estate’s Big Chill