Just sent a letter to Tim Cook. Full letter will be disclosed on my website, the Shareholdersâ€™ Square Table, which will be launched tomorrow
Gross: Icahn should leave #Apple alone & spend more time like Bill Gates. If #Icahnâ€™s so smart, use it to help people not yourself.
Carl Icahn and Bill Gross are both billionaire investors with a combined age of 146 and a shared net worth of $22 billion. This does not insulate them from the pleasure of throwing zingers on the internet.
Carl Icahn, the 77-year-old billionaire, launched a website this morning called the Shareholders’ Square Table to support his activist investor campaign, he also posted a letter to Apple CEO Tim Cook and Apple’s board imploring them to borrow money to buyback $150 billion worth of stock.
Gross, the co-chief investing officer of the asset manager PIMCO, is in many ways the opposite of Icahn.
Icahn is a verbally vicious New Yorker who takes huge stakes in publicly traded companies and then agitates the management and board for changes. He regularly describes any argument against him as an “absurdity” and whatever corporate shakeup he’s asking for as a “no-brainer.”
Gross, on the other hand, is based in Newport Beach and is better known for his mildly eccentric investment letters and for investing a huge amount of retail investors’ money ($250 billion in one fund alone) in safe and stable bonds.
Icahn will be on CNBC latter this afternoon to discuss his activist campaign. Don’t expect him to ignore his latest billionaire critic.
@PIMCO Is that why your on CNBC everyday pumping your book?
@PIMCO @Lara_bn to each his own style. Bi gates uses his name and donor money from friends. Real charity guy is warren buffet
Not sure why Bill Gross chose to pick a fight with @Carl_C_Icahn over $APPL and charitable giving, but my money is on the guy from Queens.
Five Minute Macro
What is it about US investment culture that enables loudmouths like Icahn, Ackman, Gross? I can’t imagine this dickwaving scenario in Europe
People are people at every level -> Gross Says Icahn Should Leave Apple Alone and Help People http://t.co/LvXu5AhYHO via @BloombergNews