Advice for Tim Cook From a CEO That Survived Icahn

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Oct. 10 (Bloomberg) -- Irwin Simon, founder and CEO of Hain Celestial, gives advice to Apple CEO Tim Cook. He speaks with Trish Regan and Adam Johnson on Bloomberg Television's "Street Smart." (Source: Bloomberg)

Piece of advice right now for dealing with carl, what would it he?

Without mentioning names, my next career, i'm going to be an advisor to companies where carl icahn buys stock in i'm going to charge a lot because i can give you some good advice.

Three on the half years.

I'm not tim cook so i don't get tweeted about my dinners with carl.

He's a practical businessman.

Abducted tell you that i met a lot of smart people in my lifetime.

Some viewers may be watching today and say, he's sucking up to carl icahn.

He's no longer a shareholder so i don't have to.

He can have some great advice.

Apple is an incredible brand with incredible product.

He wants the stock to go further.

With the best piece of advice carl icahn gave you?

The best?

Why do you need so many board members that cost you money?

He said, listen, go back and look at your costs.

Go back and spend on advertising.

At the end of the day, it was about getting your stock price up.

Do you buy stock back?

He said you should not get a salary or increase and there were times when it came to salary and he had a member on the committee where they pushed back hard on my compensation.

It was an interesting relationship that was three and a half years and they did add value where it sends.

Tim could be in for a wild ride.

When you have such a strong brand like apple, the type of capital that apple has today, tim cook is in a better position than i ever was.

At the end of the day, my advice is -- to some degree, carl is like the u.s. government.

He has money, time, and he can say whatever he wants and get away with it.

Where tim cook, reed hastings, and erwin simon cannot necessarily.

There'll be lots of things that i cannot say on air but our relationship has been a great one.

We are going to have a closing dinner and enjoy our relationship.

We will stay in touch with each other.

It sounds like him should listen.

Next time you get a call from him, i will be prepared.

[laughter] had another activist showed up, i would be ready for anyone.

Hain celestial ceo irwin

This text has been automatically generated. It may not be 100% accurate.


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