CalPERS Criticizes Icahn’s Proposal For More Apple, Inc. Stock Buyback
CalPERS' governance chief slammed Carl Icahn’s proposal for a bigger buyback at Apple Inc. (NASDAQ:AAPL), as it is happy with Apple’s already announced plan for its capital.
Anne Simpson, the head of corporate governance at California Public Employees’ Retirement System called Mr. Icahn a ‘raider’ and a ‘Johnny come lately’.
Carl Icahn’s $150 billion share buyback proposal
Last April, Apple Inc. (NASDAQ:AAPL) announced a plan to return $100 billion to shareholders in dividends and buybacks by the end of 2015.
For months . . .
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