2 ms·
Many times buybacks is not in the best interest of company but they are forced upon by "activist investors". This is how Icahn netted $2 billion in just 32 mont
by sytelus 8y ago
Many times buybacks is not in the best interest of company but they are forced upon by "activist investors". This is how Icahn netted $2 billion in just 32 months from Apple:
https://www.marketwatch.com/story/carl-icahns-2-billion-apple-stake-was-a-prime-example-of-investment-inequality-2016-06-07 https://www.marketwatch.com/story/carl-icahns-2-billion-appl...
- andrekandre 8y agowhat i am more interested in is: if apple has so much excess capital that it can net icahn 2 billion dollars in a couple years, is that excess capital (that is ostensibly being generated by its employees) being “returned” to them as well?