Carl Icahn posts open letter to Tim Cook [Updated]

As he said he would yesterday, billionaire investor Carl Icahn has sent an open letter to Tim Cook, urging Apple's CEO to convince the company's board to repurchase a large amount of shares. The letter outlines, in detail, Icahn's expectations of the company and it's products, including new products like HomeKit, Apple Pay, and the Apple Watch. He also said that this letter wasn't a jab at Tim Cook and his performance as CEO.

From Business Insider:

To be totally clear, this letter is in no way intended as a criticism of you as CEO, nor is it intended to be critical of anything you or your team are doing from an operational perspective at Apple.

Update: Apple has responded to Icahn's letter with the following, via CNBC:

We always appreciate hearing from our shareholders. Since 2013 we've been aggressively executing the largest capital return program in corporate history. As we've said before, we will review the program annually and take into account the input from all of our shareholders.

What do you think of Icahn's letter? Sound off in the comments.

Source: Business Insider, CNBC

Joseph Keller

Joseph Keller is the former Editor in Chief of iMore. An Apple user for almost 20 years, he spends his time learning the ins and outs of iOS and macOS, always finding ways of getting the most out of his iPhone, iPad, Apple Watch, and Mac.