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    Apple Explains Why Icahn's Buyback Proposal Should Be Shot Down

    Wochit Headline News

    by Wochit Headline News

    Apple’s 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, Icahn’s advisory proposal asks Apple to increase the size of its stock buyback program in 2014 to $50 billion. That’s a move the company’s board of directors recommends shareholders vote against.