Icahn Urges Investor Vote On Scaled-Down Apple Buyback

Law360, New York (December 4, 2013, 5:07 PM EST) -- Carl Icahn is pushing for a shareholder vote on his proposal for Apple Inc. to beef up its buyback initiative, though the billionaire said Wednesday he has backed off his calls for the tech giant to pursue a record-setting $150 billion repurchase program.

The billionaire activist confirmed on his closely followed Twitter feed that he filed to pitch a definitive plan to Apple investors at the California company's upcoming annual meeting, a move that would pave the way for a nonbinding shareholder vote.

"Gave [Apple] notice...
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