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Icahn Drops Apple Stock-Buyback Push

Carl Icahn still believes that Apple should redistribute its wealth, but, at least the time being, the famed investor will no long push the matter with shareholders. As such, Icahn said he was dropping his shareholder proposal that would have asked Apple to buy back $50 billion of stock this year. “The move came after an influential advisory firm, Institutional Shareholder Services, weighed in on the debate by telling shareholders they should vote against Icahn's proposal,” the Los Angeles Times reports.
 

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