Tag Archives: Activist

Salesforce faces two activist investors amid layoffs, slowing growth

Salesforce faces two activist investors amid layoffs, slowing growth

Already under siege from Wall Street analysts amid slowing growth, Salesforce execs have returned from schmoozing clients in the Swiss Alps at The World Economic Forum only to be greeted by one of the most feared activist investors in the game. Elliott Management has taken a multi-billion dollar position in Salesforce, a source familiar with the matter confirmed to Yahoo Finance, adding that the investment management behemoth may push for a board seat. “Salesforce is one of the preeminent… Source link

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Bob Iger’s next big challenge at Disney is activist investor Nelson Peltz

Bob Iger’s next big challenge at Disney is activist investor Nelson Peltz

Bob Iger will face yet another challenge as Disney (DIS) CEO — activist investor Nelson Peltz. On Wednesday, Disney announced Nike executive chairman Mike Parker will take over Susan Arnold’s position as chairman of the board, and also recommended shareholders vote against Peltz in his efforts to win a seat on the company’s board. “While senior leadership of The Walt Disney Company and its Board of Directors have engaged with Mr. Peltz numerous times over the last few months, the Board does… Source link

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Alphabet Seeks To Identify 10,000 Poor-Performing Googlers As Activist Investor Calls To Cut Staff

Alphabet Seeks To Identify 10,000 Poor-Performing Googlers As Activist Investor Calls To Cut Staff

Sundar Pichai, chief executive officer of Alphabet Inc.(Photographer: Michael Nagle/Bloomberg) © 2022 Bloomberg Finance LP Even Google isn’t immune to the severe downturn in the tech sector. Although more than 135,000 white-collar professionals in the tech and startup space have been downsized year to date, the giant search engine has avoided this trend. Amidst pressure from an activist hedge fund, adverse market conditions and a need to cut costs, Google launched a ranking system and… Source link

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‘I’m thoroughly enjoying’ working with activist investor Nelson Peltz

‘I’m thoroughly enjoying’ working with activist investor Nelson Peltz

So far so good says Unilever’s CEO Alan Jope in working with his new board member, noted activist investor Nelson Peltz. “I would like to just confirm that Nelson is turning out to be a great member of the board,”Jope said on Yahoo Finance Live (video above). “I’m thoroughly enjoying working with him. And as far as he tells me, he’s enjoying working with me.” Peltz joined the board of the consumer products giant in May. Investors are banking on Peltz to push through a turnaround of the… Source link

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Google and Yelp disable reviews on some crisis pregnancy center pages amid activist ‘spam’ campaign

Google and Yelp disable reviews on some crisis pregnancy center pages amid activist ‘spam’ campaign

Google and Yelp appear to have suspended the ability to post reviews for some crisis pregnancy centers listed on those platforms, which some activists say could prevent them from providing accurate information about the centers which are known for attempting to persuade women seeking abortions to not get them. Google appears to have also suspended the ability to post reviews of some abortion providers like Planned Parenthood. The suspension of the ability to post reviews was first noticed by… Source link

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Google Honors Activist Topeka K. Sam With Social Impact Award

Google Honors Activist Topeka K. Sam With Social Impact Award

May 5 means a lot to Topeka K. Sam. On that day in 2015, she was released from prison, and on May 5, 2022, she’ll be honored with Google’s inaugural Social Impact Award, for her efforts toward ending the poverty and incarceration of women and girls worldwide, at Variety’s 2022 Power of Women: New York event. “This is like a full circle moment for me, to be honored on 5-5,” Sam says. “It’s my seventh year home and seven is God’s perfect number. It just feels like I have… Source link

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Elon Musk’s battle with Twitter may unleash other activist billionaires: experts

Elon Musk’s battle with Twitter may unleash other activist billionaires: experts

If you have the paper, flaunt it like Tesla (TSLA) CEO Elon Musk. That could be what other billionaires are about to do as they seek to drive headline-grabbing change at well-known public companies as Musk did with Twitter. “It’s the beginning of a wave,” Lawrence Elbaum, co-head of Vinson & Elkins’ Shareholder Activism practice, said on Yahoo Finance Live (video above). “It’s not the first time this has happened. There’s lots of billionaires who have bid for companies in the past. There’s… Source link

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