Political Quotes

Sylvia Rodriguez Garcia: One powerful example of this extraction cited in the report is the case of activist investor Carl Icahn, who purchased…

On the recordMay 14, 2019
One powerful example of this extraction cited in the report is the case of activist investor Carl Icahn, who purchased 3.4 billion shares in 2013 and 2014, and from other shareholders, then successfully demanded that Apple accelerate its stock buybacks again, selling his newly, more valuable shares at a $2 billion profit.
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Sylvia Rodriguez Garcia
Democratic · Texas

Editor's note · Context

Garcia highlights Icahn's stock buyback strategy as an example of wealth extraction.

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