What we learn about inequality from Carl Icahn’s $2 billion Apple “no brainer”

By William Lazonick, Matt Hopkins and Ken Jacobson

“In August 2013, Carl Icahn, among the most prominent “activist shareholders” in the United States, announced that he had purchased 27,125,441 shares of the publicly traded stock of Apple Inc.* By the end of January 2014, Icahn had increased his stake in Apple to 52,760,848 shares, equal to 0.9% of the company’s outstanding shares, at a total cost to Icahn of $3.6 billion.”…

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This article also appeared on the MarketWatch publication of June 7, 2016