Proxy Adviser Backs Apple in Stock Buyback Fight With Icahn - Presented by: The Aol. On Network

A prominent proxy advisory service has sided with Apple, recommending to its clients that they vote against a proposal by activist investor Carl Icahn that calls on the company to initiate a $50 billion stock buyback. Institutional Shareholder Services said the share repurchase proposal was unnecessary after recent stock buybacks and dividend payouts.



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