Big name investor Carl Icahn has scaled back some on how much more he thinks Apple should invest in its stock buyback program. Previously he was pushing for US$150 billion, but now is saying Apple should extend its current $60 billion buyback program by an additional $50 billion.
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Mr. Icahn thinks that pushing Apple to buy back more of its own stock is just what the company needs to push its value higher. Scaling back from his far more aggressive $150 billion plan was a smart move because now he's more likely to get the support of other shareholders.