As Apple’s annual shareholder meeting approaches, some big investors are waging an increasingly public and heated fight over what the tech behemoth should do with its massive cash hoard.
As Apple Meeting Approaches, Big Investors Fight Over Its Cash
Activist investor Carl Icahn is waging a proxy fight to push the Apple board to use a substantial part of its $158 billion cash reserve to buy back company shares, thus boosting the stock price.
This article originally appeared on Recode.net.
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