Trending December 2023 # Icahn Says Apple Board Is ‘Working Against Shareholders’ Then Buys $500M More Shares # Suggested January 2024 # Top 21 Popular

You are reading the article Icahn Says Apple Board Is ‘Working Against Shareholders’ Then Buys $500M More Shares updated in December 2023 on the website We hope that the information we have shared is helpful to you. If you find the content interesting and meaningful, please share it with your friends and continue to follow and support us for the latest updates. Suggested January 2024 Icahn Says Apple Board Is ‘Working Against Shareholders’ Then Buys $500M More Shares

Greedy activist investor Carl Icahn has escalated his anti-Apple rhetoric on Wednesday after recently filing a proposal to put his aggressive stock buyback proposal up for a vote. Apple responded by confirming that any changes to its own corporate stock buyback program will be discussed in the “first part of calendar 2014,” likely at the upcoming shareholder meeting in February.

Be that as it may, Icahn now feels the Apple board is “doing great disservice to shareholders” by refusing to boost the company’s buyback markedly, according to a tweet today. An in-depth letter will follow soon, the shark investor ominously announced.

At the same time, Icahn announced buying an additional half a billion dollars worth of shares, pushing his stake in the iPhone maker to north of a respectable $3 billion. He called the latest investment a “no brainer”…

Icahn last August announced that he’d taken a large position in $AAPL. He’s been presumptuously pushing for a significant increase of Apple’s buyback ever since.

We feel $APPL board is doing great disservice to shareholders by not having markedly increased its buyback. In-depth letter to follow soon.

— Carl Icahn (@Carl_C_Icahn) January 22, 2014

After meeting with Tim Cook on several occasions, Icahn discovered that the Apple CEO wouldn’t budge so he scaled back his original $150 billion proposal to “only” $50 billion.

If Apple appeased to Icahn’s requests, the company would borrow many more billions of dollars, in turn exposing itself to uncertainty and increasing risk. Apple’s $150+ billion cash horde works out to about one percent of the U.S. gross domestic product.

Having purchased $500 million more $AAPL shares in the last two weeks, our investment has crossed the $3 billion mark yesterday.

— Carl Icahn (@Carl_C_Icahn) January 22, 2014

As Richard Waters of Financial Times points out, with nearly $150 billion in its coffers, “Apple is sitting on close to ten per cent of corporate America’s cash“.

By the way, a precatory proposal does not bind Apple executives to implement Icahn’s buyback proposal, even if the majority of shareholders approved it.

The problem with Icahn: predatory tactics.

Since tweeting about our large position in $AAPL on Aug 13, when the stock was 468 per share, we’ve kept buying shares of this ‘no brainer.’

— Carl Icahn (@Carl_C_Icahn) January 22, 2014

He typically buys massive amounts of shares, essentially buying himself the right to install minions on a company’s board, which gives him a leverage to seek concessions and even push for board/CEO changes, as is his wont.

Speaking to CNBC today, Icahn argued that he’s actually better off if Apple does nothing because “I plan on buying more of Apple’s stock”.

Apple is a culture with a great ecosystem. What bothers me a hell of a lot is that billions of dollars is just sitting there.

“What they’re doing I think is ludicrous in not taking it up right now,” Icahn said of the Apple board’s reticence to raise the company’s ongoing share buyback.

He insists he’s not criticizing the Apple board or the management, but points out “there’s no on on Apple’s board that’s finance guy”. I will not go into when the last time I spoke to Apple CEO Tim Cook was,” he said. “We have a good relationship.”

Luckily, Cook has proven thus far that he can’t be pushed around – the Apple board is all Steve Jobs people – and I hope that the company won’t cave in to Icahn’s pressure.

Otherwise, he could ruin the only truly thriving American corporation left standing, which brings me to my thought of the day: Apple should pull a Dell and take itself private.

This would disentangle Apple from nonsensensical pressure from big shot investors. If anyone is working against Apple and its shareholders’ interest, it’s Icahn himself.

You're reading Icahn Says Apple Board Is ‘Working Against Shareholders’ Then Buys $500M More Shares

The Apple ‘Halo Effect’ Is All About Ipads And Iphones Now, Npd Says

According to a new study out today from research firm NPD Group, based on a poll of more than 3,000 United States consumers in February 2012, one out of four Apple customers in the United States chose the iPad as their first-ever Apple product.

Moreover, the iPhone and iPad combined account for one-third of first-time Apple purchases since 2010. In a way, the iPad is the new Apple gateway drug with universal appeal and strong pull.

The device lures first-time buyers to the Apple ecosystem. Once in, they live happily in that ecosystem and purchase additional gadgets over time, namely the iPhone…

According to the findings, relayed by Fortune, Apple’s products are found in over 37 million American homes – and growing – largely thanks to the iPad. The average Apple-friendly household owns 2.4 devices built by the company.

While over 70 percent of long-standing Apple owners began their relationship with the brand by way of the iPod, this number declines to just 57 percent among those entering the Apple franchise in the past two years. Newcomers to the brand increasingly turn to the iPhone or iPad as their first Apple device, which combined account for one-third of first-time Apple purchases since 2010.

Here’s another quote from the press release, which didn’t hit the wires by press time, courtesy of AppleInsider:

“iPad sales are growing much faster than any other Apple product has this soon after launch,” said Ben Arnold, director of industry analysis at NPD. “In fact, one-in-five Apple owner households has one— nearly equivalent to the number that own an Apple computer. This demonstrates the appeal of both the new form factor and Apple’s app ecosystem.”

And don’t underestimate the power of software:

“Apple’s OS X, iOS, and App Store are platforms specially tailored for their products,” Arnold said. “Should more households become multiple Apple product homes, these platforms will become even more important in the acquisition and sharing of content between devices.”

A recent All-America Economic survey found out that half of all United States households own at least one Apple product, equating to more than 55 million homes that have at least one iPhone, iPad, iPod or Mac computer.

Apple’s growth potential is evident as two-thirds of U.S. households still don’t own an Apple product. Additionally, nearly one-third of American homes don’t own an iPhone.

This, of course, bodes well for Apple, which has its headquarters in Cupertino, California.

The iPhone maker gets by far too often slammed for its tight vertical integration, as if there was something broken with providing customers with solutions that just work.

It’s not like Apple is forcing its products upon people, mind you.


Brand power?

Sure, Apple admittedly is the world’s greatest marketing machine, but don’t you think for a second that mindless iSheep – as rivals subtly liken Apple fans to – would ever stay within the Apple ecosystem and purchase more products unless they were satisfied with their first-time gadget.


And if satisfaction scores are anything to go by, users of Apple’s products are by far the most satisfied bunch. Also important, Apple gets them while they’re young, something its rivals don’t quite comprehend yet.

If you have – or are – a teenager who fell in love with the iPhone or iPad, you know exactly what I’m talking about as these youngsters will soon get a MacBook or an iPod or whatever other Apple product is on their wishlist.

Apple only has to keep innovating and making great products.


Resharing Videos Of Violence Against Black People Can Spark More Trauma

The next time you decide to hit the retweet button, think again. That video of Derek Chauvin pressing his knee into George Floyd’s neck for nearly nine minutes could have deleterious mental health impacts on the Black community.

From abolitionist Frederick Douglass’ essays on the horrors of slavery to ad hoc social media footage of police brutality, the documentation of brutality against Black people is nothing new. But in this era, in which the power of a camera lies at nearly everyone’s fingertips, the stories have taken a visceral, viral turn.

On March 3, 1991, George Holliday stood on a balcony across from Hansen Dam Park in Los Angeles, filming four officers as they beat and tased Rodney King. This was the first police-brutality video of its kind—nationally circulated on television and massively powerful. After the four officers were proclaimed not guilty, Los Angelenos protested for five days.

Since then, videos have played a crucial part in anti-racism and anti-police-brutality demonstrations. In the last few months, clips of Ahmaud Arbery’s and George Floyd’s murders instigated a nationwide outcry that resulted in the arrest and charge of the perpetrators. Footage of the deaths of other Black men and women continues to be released each week.

The power of video is undeniable—but the net effect isn’t always positive. While they can quickly spread awareness of brutal racial violence and prompt outrage, they also continuously inflict racial trauma on the Black community with each retweet and reshare. Could these videos be doing more harm than good?

Trauma through the screen

In a 2023 study published in The Lancet, Boston University researchers found that in the two months following the murders of Black individuals by police, Black individuals living near the crime scene experienced significant deterioration in mental health, along with symptoms of trauma. While most people didn’t directly witness the violence, the dissemination of videos and news reports still caused longstanding mental health problems.

Allissa Richardson, an assistant professor of journalism and communication at the University of Southern California, refers to ubuntu, which means “I am because we are” in the southern African language of Nguni Bantu. “It states that we are interconnected,” Richardson says. “I see my own self in you. That could be my dad lying there, getting the life squeezed out of him. So I can not watch.”

Many compare race-based trauma to vicarious trauma, which typically impacts health care workers, counselors, and psychologists who feel the residual emotional impact of other peoples’ experiences. But University of Ottawa psychologist Monica Williams, who specializes in race-based trauma, clarifies that the two can’t be compared.

The trauma that Black people face is more vivid and personal, she says. “They are seeing members of their own community brutalized. There’s a level of direct threat that’s not necessarily present when a client is describing a story to a counselor.”

“The videos are passed around like popcorn at the theater,” Williams adds. “The images aren’t treated with the same dignity and respect that you’d give to anyone else.” After seeing the barrage of violent clips on social media and the news, Black people may experience stress and mental health symptoms such as crying, depression, severe lack of motivation, low self-esteem, and a chronic inability to focus and concentrate, she says. According to the US Department of Health and Human Services, Black Americans are 20 percent more likely to report severe psychological distress than their white counterparts. At the same time, they’re less likely to seek out treatment, due to a chronic lack of health resources in their neighborhoods and a historic lack of trust with hospitals and doctors.

Ida B. Wells, seen here with her four children, led an investigative series on lynchings in Southern states during the 1890s. She published those with the NAACP, which she helped found. Courtesy of the Ida B. Wells Memorial Foundation

Into the shadow archive

Ultimately, non-Black social media users and journalists have a responsibility to treat these videos more sacredly. Part of that means looking at their sharing behavior after other traumatic events. The deaths of white people, for instance, are rarely broadcast on national television; in the case of the 2023 Las Vegas mass shooting, the initial torrent of footage was largely replaced with more respectful portraits of the victims.

Where did the videos of the tragedy go? Into what is called the “shadow archive,” says Richardson, who recently published a book exploring the lives of journalist-activists as they documented Black Lives Matter through their smartphones. The “shadow archive” can be tangible (like a museum or a library) or metaphorical—a place where images of death can go to rest and only be accessed by those who wish to view them out of respect, education, and awareness. The idea originated with Ida B. Wells, a trailblazing investigative journalist in the early 20th century, who frequently dispatched white photographers to document lynchings in the South, and published the photos in the NAACP’s magazine, The Crisis. Once the images reached full circulation and incited lobbying for anti-lynching laws, the organization placed them in a metaphorical shadow archive, preventing them from being published again.

The transition serves a moral purpose, but it can benefit people’s mental health, too. What’s more, it leaves room for a deeper representation of Black individuals on social media and the news. When Black women and men die on camera, media companies broadcast them with the same casual air of a sports highlight, Richardson says. “I’m calling for us to use these pictures judiciously. Not doing so at this point [denies] Floyd the same dignity we’ve given white victims.” While it may be difficult to encourage companies like Google and Facebook to keep these videos from resurfacing on their feeds, social media users have the power of making a shadow archive of their own—simply by declining to hit a button or two.

The Bluetooth Group Signs Heavyweight Apple To Its Board Of Directors

The Bluetooth Special Interest Group announced today it added Apple and Nordic Semiconductor to its board of directors. According to a statement, both companies were appointed for two years by unanimous vote of the current board of directors and will officially begin on July 1, 2011. Nordic Semiconductor is well-versed in wireless health sensors, a fit for the lower power requirements of the Bluetooth 4.0 standard.

Apple, of course, has a penchant for industry verticals such as medical where its iPad has become the physicians’ favorite tool (especially in Australia). Apple’s appointment to Bluetooth SIG’s board of directors  might also help popularize dedicated wireless accessories for iOS devices, such as this dongle that lets you take your own electrocardiograph readouts. Full release below.

Bluetooth SIG Adds Apple and Nordic Semiconductor to Board of Directors Industry Leaders Support Expansion of Bluetooth Technology into New Markets

Kirkland, WA – June 21, 2011 – The Bluetooth Special Interest Group (SIG) today announced two new members to its board of directors from Apple and Nordic Semiconductor. Leaders in their perspective markets, Apple and Nordic join household names Intel, Motorola, Lenovo, Nokia, Microsoft, Ericsson AB, and Toshiba on the Bluetooth SIG board. These companies, plus the more than 14,500 additional Bluetooth SIG member companies, will drive Bluetooth technology’s expansion into platform and sensor markets.

“We see the importance of platform development and ultra-low power sensor silicon for Bluetooth technology and believe guidance and board participation from Apple and Nordic, industry leaders in these perspective fields, is essential,” said Michael Foley, Ph.D., executive director of the Bluetooth SIG. “We have set the ambitious goal of shipping five billion devices in 2023 – to get there we must continue to build a technology that will offer a simple and secure solution that can be found everywhere, in every type of device. These additions to our board will ensure we succeed in new markets we have targeted for growth.”

The way consumers utilize digital devices is undergoing a fundamental shift – mobile phones, laptops and tablets, TVs and even cars now stand to serve as hub devices that capture data from small sensors monitoring everything from footsteps, heart rate activity, blood pressure and sugar levels to house temperature. Hub devices turn that data into useful information at the application layer, then may push that information to the cloud. Apple and Nordic understand this shift; insight from Apple on platform development and Nordic for sensor silicon demands will ensure a smooth growth trajectory of Bluetooth v4.0 into these new areas.

Nordic Semiconductor’s Svein-Egil Nielsen brings extensive experience in R&D as well as his entrepreneurial spirit to the Bluetooth SIG. Nielsen’s vast understanding of the ultra-low power space and its demands will help guide continued development of the Bluetooth v4.0 specification.

“Bluetooth technology has been the main R&D focus at Nordic for the last six years and we are now in a position to enable new and exciting products for consumers,” said Svenn-Tore Larsen, CEO Nordic Semiconductor. “ With our success in ultra-low power wireless technology, we know the market, applications and the customers. Nordic is proud to have the opportunity to extend this knowledge to the Bluetooth community.”

Apple and Nordic’s two-year appointments were agreed upon by unanimous vote of the current board of directors and will officially begin on July 1, 2011.

FTC: We use income earning auto affiliate links. More.

Windows Safe Mode Says Password Is Incorrect

Many Windows users, whenever stuck by any software-related issue, tend to use the Safe Mode. This way, they work instantly or troubleshoot the issue. But there are many users who are complaining that Windows Safe Mode says Password is incorrect and in this article, we are going to resolve the issue with some very simple solutions.

How do I bypass Windows password in Safe Mode?

There is no such thing as bypassing Windows password in Safe Mode. However, if you are constantly getting an Invalid Password when trying to log in to your Windows computer, there are some solutions that you can try. But before that, check if there is any text file on which your password is written. Also, try using some previous passwords and see if that helps. If not, try the solutions mentioned here to resolve your issue.

Check out: How to reset password in Windows 11/10 

Fix Windows Safe Mode says Password is incorrect

If Windows Safe Mode says Password is incorrect or Invalid password then you can use the following solutions to resolve the issue.

Make sure that your Password is correct

Use Safe Mode with Networking

Remove Windows Password with Installation Media

Let us talk about them in detail.

1] Make sure that your Password is correct

The default Safe Mode in Windows works with a Local Account. So, you need to make sure that you are typing your Local account’s password. Sometimes, we tend to forget what our correct password is, especially if you are someone who generally logs in to your Microsoft Account. If that’s the case, then the best option is to go for the good old fashion trial and error. Try using all your older passwords, if that’s not working then move to the next solution.

2] Use Safe Mode with Networking

When you go for Safe Mode with Networking, you will be to access the Internet and hence, will be able to log in to your Microsoft Account. So, if you know the password of your Microsoft account then you can go for this option. However, we won’t recommend you to surf the web when in Safe Mode as that can make your system vulnerable to threats and malware.

When you open your computer in Safe Mode, you will see an option that says Enable Safe Mode with Networking. By doing that, you are basically opening Safe Mode with network devices, so, whether you use Ethernet or WiFi, both will work on your system and you will be able to access your Microsoft Account.

3] Remove Windows Password with Installation media

If both the options are to no avail, then you can use Installation Media to remove Windows Password. Follow the given steps to do the same.

Boot from Installation Media.

Select Languages, Architecture, and Edition.

Select USB flash drive

Now, execute the following commands, one by one.


In the above command, you can change the drive letter if your Windows is installed in some other drive.

bcdedit /deletevalue {default} safeboot


bcdedit /deletevalue safeboot

Finally, restart your computer and check if the issue persists.

Hopefully, you are able to resolve the issue with these solutions.

How do I start PC in Safe Mode?

You can easily start your computer in Safe Mode via Windows Settings. Follow the given steps to do the same.

For Windows 11

Open Settings.

For Windows 10.

Open Settings.

Also Read: Reset Microsoft Account password from Login Screen in Windows 11/10.

Judge Rules Epic Games Can’t Bring Its Lawsuit Against Apple Into The Uk

Epic Games and Apple are locked in a legal battle at the moment, with no end in sight. And earlier this year, Epic tried to broaden the scope of its action into the United Kingdom. However, it turns out that won’t be happening after all.

Back in January we reported that Epic Games had broadened its legal battle with Apple and Google to the UK. According to Epic, the move was to make sure that its fight for “fair digital platform practices” was heard not just in the United States, but beyond. However, a UK judge has ruled that Epic’s lawsuit against Apple shouldn’t be heard in the region.

Here’s how this breaks down. Apple Inc. is located in the United States. Meanwhile, Apple Ltd. is actually an English company and a wholly-owned subsidiary of Apple Inc. So, this ruling actually decides that Epic Games can’t take legal action against Apple Inc. in the United Kingdom, because it’s out of the UK court’s jurisdiction.

Per 9to5Mac today:

In the Apple action (Case 1377), the application for permission to serve the proceedings on A1 out of the jurisdiction was refused.

However, things get more interesting in Epic Games coinciding legal action against Google. Judge Roth ruled in a decidedly more mixed way with that one. Specifically, the judged ruled that some action against Alphabet Inc. (Google’s parent company) and Google LLC can move forward in the United Kingdom:

In the Google action (Case 1378), the application for permission to serve the proceedings on G1 and G2 out of the jurisdiction was granted for certain claims for breach of the Chapter I and Chapter II prohibitions under the CA 1998, and the injunctions claimed at paras (c), (d) and (h) of the prayer to the Claim Form. Permission was refused as regards the other claims made.

So, an interesting turn of events. Just to set the scene a bit, here’s what Epic Games released in a public statement back in January, after it had filed its lawsuit against Apple (and Google):

The legal proceedings, filed in London’s Competition Appeal Tribunal, allege the conduct of both Apple and Google in their respective app stores is an abuse of a dominant position and in breach of the UK’s competition laws, substantially reducing competition in app distribution and payment processes.

We believe that this is an important argument to make on behalf of consumers and developers in the UK and around the world who are impacted by Apple and Google’s misuse of market power. We look forward to making our case on January 21.

Epic is not seeking damages from Apple or Google in the UK, Australia or the US, it is simply seeking fair access and competition that will benefit all consumers.

And just below, you can find the timeline of events that brought us to today in the battle between Epic Games and Apple.

The timeline August 13, 2023

Epic Games updates Fortnite on the


, bypassing the App Store review


. It adds a direct payment option, breaking another rule in the



Apple removes Fortnite from the App Store due to

Epic Games

breaking the App Store rules.


pic Games

launches a media blitz, and it also sues


for anti-competitive behavior.

Epic launches “Nineteen Eighty-Fortnite”, a parody video of Apple’s original “1984” ad:

Google removes Fortnite from the

Play Store

, as Epic Games also violated the Play Store’s rules.

Epic sues Google, too.

Spotify weighs in! Unsurprisingly, it applauds

Epic Games

for its


to stand up against Apple.

August 14, 2023

Facebook says Apple’s

App Store

fees make it impossible to help

small businesses

impacted by the coronavirus pandemic.

August 17, 2023

Apple threatens to revoke Epic Games’


accounts for not only


, but also


. That cut-off is set to take place on Friday, August 28, 2023.

August 18, 2023

Apple issues an official statement on the matter in


to Epic Games.

Epic Games is revealed to have sought a coalition of “Apple critics” to help fight against Apple.

August 20, 2023

The Wall Street Journal and other news publications sign an open letter asking for Apple to reduce its

App Store

fees down to a standard 15%.

August 21, 2023

Epic Games promotes the #FreeFortnite Cup, or


, that is meant to bring even more attention against


, and is promoting “anti-Apple” prizes.

Epic sought special treatment for Fortnite before it declared war against Apple and the App Store’s guidelines.

August 24, 2023

Judge Gonzalez-Rogers rules that Apple does not need to reinstate Fortnite back into the App Store as the legal battle wages on. The judge also rules that Apple cannot revoke the Unreal Engine


tools, but it can still move forward with removing Epic’s developer account for


and macOS.

Apple says it agrees with the ruling made by Judge Gonzalez-Rogers, and is prepared to welcome Fortnite back onto


as soon as Epic Games is ready to follow the App Store guidelines.

August 26, 2023

Epic confirms that the new season of Fortnite, which is Marvel-themed, will not be available on iOS or Mac. Cross-platform functionality with those


is also removed.

August 28, 2023

Epic lets Fortnite players know in an email that it’s Apple’s fault they can’t


the new season of the game.

Apple revokes Epic Games’ App Store and developer accounts.

September 8, 2023

Apple countersues Epic Games in what it claims is a “breach of contract” related to its

App Store


September 9, 2023

Epic Games says Apple is going to disable the “Sign in with Apple”


as soon as Friday, September 11.

Apple changes its mind regarding “Sign in with Apple”, allows existing


to keep using it.

September 10, 2023 September 18, 2023

Epic Games shuts down Fortnite: Save the World for Mac as of September 23.

September 24, 2023

Epic Games, Spotify, Tile, and other


create the “Coalition for App Fairness” to take on Apple’s and Google’s digital storefront policies.

September 28, 2023

U.S. District Judge Yvonne Gonzalez Rogers says the public’s opinion regarding the legal battle between Apple and Epic Games should be considered, suggests a jury should be involved.

October 7, 2023

Judge rules that the court battle between Apple and Epic Games will resume in May 2023.

November 5, 2023

Fortnite returns to iOS thanks to GeForce Now game

streaming service

, and only available via Safari.

December 17, 2023

Judge orders both Tim


and Craig Federighi to testify in the legal battle between Apple and Epic Games.

December 21, 2023

Epic Games sends out “Free Fortnite” loot boxes to influencers, trying to drum up support

January 14, 2023

Epic Games expands its legal battle with Apple and Google to the United Kingdom

February 1, 2023

Apple’s CEO, Tim Cook, is ordered to sit through a 7-hour deposition

February 10, 2023

Epic Games CEO Tim Sweeney confirms that the company had been planning its lawsuit against Apple for months

February 19, 2023

Apple subpoenas Valve Software in an effort to learn about the company’s Steam digital storefront, including revenue and more regarding over 30,000 games.

Update the detailed information about Icahn Says Apple Board Is ‘Working Against Shareholders’ Then Buys $500M More Shares on the website. We hope the article's content will meet your needs, and we will regularly update the information to provide you with the fastest and most accurate information. Have a great day!