Tag Archives: Activist

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

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

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

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

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

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

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

With Hasbro’s stock (HAS) hovering at a 52-week low, the battle with its new activist investor Alta Fox Capital is heating up. Alta Fox founder Connor Haley tells Yahoo Finance his firm — a 2.5% holder in Hasbro — has been rebuffed in its effort to reach a settlement. “We’ve got a world class slate of advisers, and they are all collectively stunned at the level of entrenchment of the current Hasbro board. I think we went well out of our way to offer a beyond reasonable settlement,” Haley… Source link

Activist investor Jonathan Duskin at Macellum Capital Management fought a failed management team at Bed Bath & Beyond and won big in 2019. Duskin — whose successful campaign led to a board overhaul and ultimately the addition of current Bed Bath & Beyond CEO Mark Tritton — tells Yahoo Finance Live what GameStop Chairman Ryan Cohen is doing with the home goods retailer makes sense. “Ryan has a great following and is very well respected,” Duskin says. “I think we’ve articulated there is a… Source link

Out with the old and entrenched board members at struggling Kohl’s, in with the new and open-minded. That’s the hot take from Yahoo Finance’s chat on Monday with activist investor Macellum Capital, which is back in the trenches slinging the mud at Kohl’s after a bizarre bit of posturing by the retailer Friday. “The board doesn’t appear to be working on shareholders’ behalf. It’s troubling to us, and we will continue to put pressure on the board by nominating another slate and give shareholders… Source link