This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Is Tim Cook Certifiably Inane?

NEW YORK (TheStreet) -- Somebody please make some sense out of this for me.

Carl Icahn Tweets again:

In total and complete seriousness, what kind of crap is that? On several levels.

First, is this what Tim Cook has reduced Apple (AAPL) to?

A company run by fund managers? First David Einhorn and now Carl Icahn. All Apple can do is satisfy fat cats with dividends and buybacks. Why would Tim Cook even give these people the time of day? Has it come to the point where he needs them, their perceived power, their support and their cash more than they and the rest of the world needs Apple?

I have more questions than answers. And you should as well, especially if you're an AAPL shareholder still underwater after having bought in or purchased more at $700 with irresponsible $1,111 Wall Street price targets dancing in your head.

Because Carl Icahn is who he is, he gets to have dinner with Tim Cook and discuss the "magnitude" of Apple's stock buyback. To be perfectly clear here, what follows is not an allegation. It's a series of questions we should all be asking as we ponder lingering questions regarding Apple's ability to remain great.

Shouldn't the SEC pay attention to this stuff? Not simply Icahn's ability to move the stock with a Tweet, but the notion that he will meet with Cook in September and, presumably, quite possibly, really maybe (going on exactly what he said in his Tweet), receive information that you -- or any other member of the rank and file -- will not receive. Carl Icahn will, so it seems based on his words in his Tweet, have a better handle on the "magnitude" of Apple's buyback plans after dining with Cook.

Will he then buy more? Will he not sell all or part of his position as quickly? Will he tell his clients to load up?

I'm not certain of the rules that govern billionaires, their meetings with CEOs and their mega, market-moving positions in key stocks.

Again, just asking questions here, but something just doesn't seem right to me --both with Apple and with the regulatory apparatus on Wall Street.

And, from an Apple standpoint, I'm not the only one. A Business Insider report from Nicholas Carlson went under the radar on Thursday. I'm not sure why. Maybe because it put forth the notion that some Apple employees are looking to jump ship because Tim Cook is, for all intents and purposes, desecrating Steve Jobs's legacy.

Lots of people don't like to hear this line of thinking, simply because it might not be true. Or, worse yet, because it just might be. But, it's worth exploring. And it's worth asking why Carl Icahn plays by a different set of rules than the rest of us do. If he was shorting the snot out of Apple and crowing about it on Twitter, you know the AAPL bulls would be all up in a lather.

--Written by Rocco Pendola in Santa Monica, Calif.

Stock quotes in this article: AAPL 
Rocco Pendola is a columnist and TheStreet's Director of Social Media. Pendola makes frequent appearances on national television networks such as CNN and CNBC as well as TheStreet TV. Whenever possible, Pendola uses hockey, Springsteen or Southern California references in his work. He lives in Santa Monica.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs