(Bloomberg) -- Activist investor Carl Icahns attempt to get Apple Inc. to return money to shareholders was criticized by the California Public Employees Retirement System, the largest U.S. public pension.
We are uncomfortable with a raider coming into a company with a proposal to disgorge cash, Anne Simpson, Calpers head of corporate governance, said in an interview yesterday. Carl Icahn is a Johnny come lately.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access