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It was on twitter that icahn announced he was taking a bite out of apple, a big stake in the company, demanding the company spend some of its vast $150 billion cash hoard on buying back more stock to unleash real shareholder value. now word apple has been buying back its stock, to the tune of $14 billion worth, in just the last couple of weeks. enough to satisfy icahn for now, but he is not exactly unloading all his apple stock now. all good for a very patient corporate raider whose impeccable timing and market sense have landed him on the cover of "time" and generated countless headlines and ...

What's gonna happen is if you have this pill and you keep invading with the pill and saying, we don't like these bad raiders, whatever they call them, which is nonsense, 'cause look at the record we have, and look what we have accomplished and say oh, we are short-termers. >> pension funds, willing conspirat conspirators, right? >> some are not. there's very slow change, a lot of these pension funds are beginning to understand, hey we got to do something, we are underfunded. and hear's what happens. we do get calls. it's coming around, some of these mutual funds, pension funds, take a look at ...

That is very good. carl icahn, don't make yourself a stranger, thanks for going along with us. >> good seeing you again. i remember being here a number of years ago. glad i came up. >> carl icahn, we will have more after this. [ telephone rings ] [ shirley ] edward jones. [ male annncer ] with nearly 7 million investors... oh hey, neill, how are you? [ male announcer ...you'd expect us to have a highly skilled call center. kevin, neill holley's on line one. ok, great. [ male announcer ] and we do. it's how edward jones makes sense of investing. chse two melt-in-your mouth ees, ole garden's st ...

Over the last few years because they are in a great business, but look -- look at them compared to amazon. paypal has done well, but paypal is in a position where you have to worry about it. >> these guys always come back to you, carl, and say that's all well and good for carl to say, but we think we know our business better than carl knows our business. you say what? >> well, what would you say to blackberry when they told you that? what would you have say to alexander motorola if he told that you? like you go through all these terrible situations and say, oh, well, don't bother them, because...

Accountability, which you have and still have, at the top of these companies no accountability. we come in to make them accountable. >> saying this about banks orien? >> i'm saying general. >> i do want to -- because you said quo have problems the banking industry -- [ overlapping speakers ] >> come out of left field a different way. >> bankamerica were to fail or be on the brink, the new law says we don't save it, there's no such thing as too big to fail. do you think that's right? do you agree with that? >> yeah, no, i agree. i agree. and if it's too big to fail, what they should be doing is...