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"Tim believes in buyback and is doing one.
Attempts to placate them with a share buyback and special dividends failed.
The company said it expected that the buyback and dividend would consume about $45 billion of its cash.
Studies have suggested that the mass gun buyback and stricter licensing rules resulted in lower rates of homicide and suicide.
The company also raised its full-year forecast, its board authorized a bigger share buyback and its shares climbed sharply.
The 106-year-old business has scrapped its dividend and a share buyback and reorganised its pension fund payments.
It also plans to announce a $2 billion stock buyback and a roughly 30 percent increase in its dividend, to about 21 cents a share.
The company's voluminous proxy statement, filed on Friday, shows their concerns about other alternatives, including a big stock buyback and selling off parts of the business.
But the company has already undertaken a $100 billion share buyback and dividend program and may not feel it needs to do anything more for now.
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And as confidence falters, the pace of buybacks and M&A will slow.
Share buybacks and constant efficiency improvements, the company says, make the higher earnings possible.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com