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 now, Carl Icahn has been pushing Apple Inc. (NASDAQ:AAPL) to buyback $150 billion of its shares as soon…