Icahn to make "precatory" proposal to call for Apple buyback vote

|About: Apple Inc. (AAPL)|By:, SA News Editor

Carl Icahn on (where else?) Twitter: "Gave [Apple] notice we’ll be making a precatory proposal to call for vote to increase buyback program, although not at $150 billion level."

Icahn, never scared to self-promote, also says he'll be on the cover of the next issue of Time (out tomorrow), which will feature a piece on investor activism.

Apple (AAPL -0.5%) shares haven't moved much in response to Icahn's comments. Tim Cook has said Apple won't announce any changes to its capital allocation policy before early 2014. Icahn, meanwhile, has been pushing for a $150B expansion of Apple's buyback program, and has said he would "test the waters" regarding a proxy fight if the company ignored his calls.