Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices

Icahn offside in call for bigger bite of Apple Add to ...

Subscribers Only

You’ve got to hand it to Carl Icahn. He knows when to take his dividends and go home. And he even manages to pat himself on the back on his way out the door.

The corporate raider who has profitably recast his image as an activist investor watching out for shareholders’ best interests is abandoning his attempt to squeeze more cash out of Apple Inc.'s overflowing coffers. One of the reasons: a negative response from proxy adviser Institutional Shareholder Services Inc., whose recommendations carry a lot more weight with pension funds and other big institutional players than anything Mr. Icahn has to say.

Report Typo/Error

Follow on Twitter: @bmilnerglobe

Next story

loading

In the know

The Globe Recommends

loading

Most popular videos »

Highlights

More from The Globe and Mail

Most popular