| I think this is a much better url as it has the actual letter that the article is based on. http://www.businessinsider.com/carl-icahn-apple-letter-2014-... To be fair to him, he's not the only person who thinks apple should be doing more with their cash: http://appleinsider.com/articles/13/11/21/hedge-fund-manager... I'm sure most people have heard about Icahn. But if not check out his Wikipedia page to see a list of investments he's gone activist on: http://en.wikipedia.org/wiki/Carl_Icahn The guy is an interesting man. His most recent endeavor was to prop up the company herbalife.
http://www.bloomberg.com/news/2014-07-22/icahn-makes-234-mil... He sure isn't the kind of hedge fund manager that sits behind a desk and stares at his Bloomberg terminal all day:) The man is 78, and worth 23 billion and he's still picking fights, I hope I have that kind of energy when I get that old, maybe not the fight picking part:) EDIT to be clear, I'm not making a judgement on his character or if he's a net positive to the market. You may see him as good or bad. |
He's been a cancer to any company that he's invested in. Check the Family Dollar history. Force owner to sell, then when a serious offer shows up, he sells his share before the deal is closed.