Carl Icahn Says an Apple Buyback Is a No-Brainer. Or Is It?

Icahn Photograph by Jeremy Bales/Bloomberg

Those Apple guys must be idiots. That’s what Carl Icahn says, having bought up more than $1 billion of its shares with the sole objective of having management do the same. With more than $146 billion of cash in Apple’s pocket, using it to buy back shares is a “no-brainer,” Icahn told CNBC.

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