ISS: Apple Inc. Shareholders Should Vote No On Icahn’s Buyback

ISS recommends Apple Inc. (NASDAQ:AAPL) shareholders to vote against Carl Icahn’s share buyback proposal when it comes up for voting at a February 28 meeting. Proxy advisory firm Institutional Shareholder Services called activist investor Carl Icahn’s proposal unnecessary in a note to clients on Sunday. Proposal leads to micromanaging Apple Carl Icahn managed to get a non-binding proposal placed on Apple’s annual meeting proxy ballot. He wants Apple to buyback $50 billion worth of shares as soon as possible. He has been urging shareholders to vote for his proposal. However, Apple Inc. (NASDAQ:AAPL) won’t have to comply if shareholders vote in…