Damn straight. Look here: "Apple's [Tim] Cook told [Carl] Icahn that he's still studying Icahn's proposal to buy back $150 billion worth of the company's stock." Source: <a href="http://www.cnbc.com/id/101151952" rel="nofollow">http://www.cnbc.com/id/101151952</a> (Monday, 11 Nov 2013)<p>Apple makes about $60B/yr in profit. Ichan wants Cook to borrow $150B to buyback Apple shares. Icahn and Cook would be the main beneficiaries of this plan.<p>I've seen this many times in non-tech firms. Look at Borders book store. They did several rounds of this over decades to boost their stock price. Each round, enriching the officers and board members, and piling the company up with loads of debt. E.g., November 27, 1996. "Borders Group Inc., the retailer of books and music, said today that it would buy back up to $50 million of its common stock." <a href="http://www.nytimes.com/1996/11/27/business/borders-in-stock-buyback.html" rel="nofollow">http://www.nytimes.com/1996/11/27/business/borders-in-stock-...</a><p>Eventually, they couldn't service their debts and they went bankrupt. The officers and board members couldn't care less. They got rich. Their employees and customers got screwed. Their creditors took everything including the pension fund. Some commentary here: <a href="http://www.datalounge.com/cgi-bin/iowa/ajax.html?t=11235835#page:showThread,11235835" rel="nofollow">http://www.datalounge.com/cgi-bin/iowa/ajax.html?t=11235835#...</a><p>The moral of the story: Corporate raiders and vulture capitalists could care less about anybody but themselves. They'll gladly drive <i>successful</i> businesses into bankruptcy to make a lousy buck. Along the way, they make the employees suffer. And they reduce competition in the market place and hurt consumers. And we make it easy for them as a society by pretending this is how capitalism is supposed to work. Shame on them; shame on us too.