Faculty News

Prof. JP Eggers on Apple activist investor Carl Icahn

Excerpt from Bloomberg TV -- "The reality is Icahn has enough power within the organization at this point through ownership that the firm would not be able to ignore him completely. And [Apple CEO Tim] Cook will certainly have to at least have some serious conversations. What will come out of that? We'll have to see. It really depends, I think, how much Cook has a clear plan in his mind for the cash that he's sitting on and doesn't want to give it away versus he's kind of uncertain, in which case he's going to be more willing to give that cash back to Icahn at this point."

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