Originally Posted by e1618978
You realize he is up a billion dollars or so on his Apple investment...
EXACTLY! All these posts full of vitriol and trying to read the tea leaves about Icahn's motives can't understand the simple reason for his actions that's right in front of their face. He invested to make some money! And, on paper, he has!
Let's be realistic. Icahn owns around 1% of AAPL. He has a bully pulpit to gain media coverage for his suggestions to Apple, but he sure doesn't have enough influence to force Apple and its board to do something it really doesn't want to do. But it happens that his advocacy of a more aggressive buyback program aligns with the goals of other investors with long positions in AAPL. Dropping his shareholder proposal is exactly what he he says. The accelerated buyback recently has gotten pretty close to what he was seeking. To claim he came out a loser in this is ludicrous. Icahn has all the notoriety he could ever want. And now he's got more money, which is what he continues to want.
Yet this thread has been populated by a host of small-time investing bigmouths on this thread who throw their nickels around like manhole covers and have barely a pot to pee in. In other words, would-be cowboys who are all hat and no cattle.
For all those self-appointed financial geniuses, you're letting your emotions and prejudices about some of Icahn's past financial moves run away with you. It marks you as people who don't make wholly rational financial decisions and beg to be fleeced.