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Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Carl Icahn Calls Dinner with Apple CEO 'Cordial'

Oct 01, 2013
Jing Chen

Activist investor and hedge fund manager Carl Icahn went on Twitter to divulge his dinner with Apple CEO Tim Cook.

Known for being an outspoken investor, Icahn revealed on the social media platform that he “pushed hard” “during a cordial dinner” on Monday night for Apple to do a $150 million stock buyback.

While Icahn did not disclose further details of the dinner but that it “went well” on CNBC earlier today, he did tweet that the pair will “continue dialogue in about three weeks.”

eVestment reported in August that Icahn disclosed his large stake in Apple on Twitter, which led to a surge of the company’s shares. Apple’s stock broke above $500 for the first time in nearly eight months the day after Icahn made his reveal.

This is not Cook’s first run-in with a hedge fund manager. Earlier this year, Greenlight Capital’s David Einhorn accused Apple of hoarding a $137 billion cash pile.

Icahn returned outside money for his firm in 2011 to focus on investing his own funds.

 

 

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