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Apples annual shareholder meeting will be held on February 28, and among 11 proposals to be discussed will be one from Carl Icahn. Revealed in a proxy statement filed by Apple Friday afternoon, Icahns advisory proposal asks Apple to increase the size of its stock buyback program in 2014 to $50 billion. Thats a move the companys board of directors recommends shareholders vote against.
|Apple Explains Why Icahn's Buyback Proposal Should Be Shot Down|
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