In recent months, Apple CEO Tim Cook has had to deal with an increasingly indifferent press and a hostile stock market.
Enter this story’s unlikely white knight: takeover tycoon and activist investor Carl Icahn, who, with just one tweet in August, single-handedly managed to raise the company’s stock by nearly 5 percent in less than 24 hours.
The 77-year-old billionaire isn’t exactly known for his cozy relationships with CEOs. He has been involved in some of the most contentious takeovers of the past four decades, and has picked fights with a who’s who of corporate giants—Blockbuster, Time Warner, U.S. Steel, and Yahoo. His company has just dropped a lawsuit to prevent entrepreneur Michael Dell from taking private the computer manufacturer that bears his name.
Yet, here Icahn is, announcing that…