Sentences with phrase «shareholder activist in»

Not exact matches

The appointment of Dauman is also like waving a red flag in front of Viacom's critics — including activist shareholders such as Mario Gabelli and SpringOwl Asset Management.

MILAN, April 23 - A judge ruled in favor of an appeal by Telecom Italia and its leading investor Vivendi to block a vote on some board director replacements proposed by activist fund Elliott at an April 24 shareholders meeting, a court document showed.

Hess announced in May that it will exit its retail, energy marketing and energy trading businesses following pressure from its third - largest shareholder — activist investor Elliott Management — to break up the firm.

«But in fact, the new «activist» investors pushed for seats on boards and pressured management into policies that were viewed as more «shareholder - friendly» — meaning friendlier to short - term investors — including increasing dividends and buyouts.»

Whole Foods hired the advisory firm Evercore Partners earlier this year to defend itself from pressure by activist shareholder Jana Partners, which announced in April it had amassed an 8.3 percent stake and pushed for changes to the Whole Foods board of directors.

Activist shareholder Carl Icahn rallied against the corporate governance system in American business in a Wall Street Journal editorial published Wednesday.

Last month, Dimon prevailed at the bank's annual meeting when only 32 percent of shareholders voted in favor of a proposal — backed by activist groups after the «London Whale» trading losses — to strip him of the chairmanship.

Hess announced in May that it will sell its retail, energy marketing and energy trading businesses following pressure from its third - largest shareholder — activist investor Elliott Management — to break up the firm.

But ultimately the company faced unhappy shareholders, activist investors Barington Capital Group LP and partner NuOrion Partners AG, who were unrelenting for three years in criticizing Avon's umpteenth turnaround plan.

Boards are empowered to protect shareholders, but many shareholders have become sympathetic to activists because they believe the system has inherent conflicts of interest; that directors are more interested in collecting paychecks and preserving their status quo than in exercising their fiduciary duty to shareholders.

Hall's firm has helped some of the business world's highest - profile companies and activists through raucous shareholder disputes, even representing Pershing Square Capital in its epic battle to install Hunter Harrison at CP.

A tech - savvy and surefooted negotiator, Cohn has since led more than 30 shareholder campaigns against the likes of Compuware, BMC Software, and lately EMC, becoming one of the most powerful and effective activists in the finance industry.

MILAN, April 23 (Reuters)- A judge ruled in favor of an appeal by Telecom Italia (TIM) and its leading investor Vivendi to block a vote on some board director replacements proposed by activist fund Elliott at an April 24 shareholders meeting, a court document showed.

«The best way to keep activists away is to perform reasonably well in your business and to communicate with your shareholders,» he said.

The decision comes as activist fund Elliott, which has built a potential holding of 5.7 percent in the former phone monopoly, has challenged the way TIM's biggest shareholder, France's Vivendi, manages the group.

In Italy, Telecom Italia chief Amos Genish said that his position in the firm would be «untenable» if activist fund Elliott gets the majority of the board seats during a shareholder vote Friday, Reuters reporteIn Italy, Telecom Italia chief Amos Genish said that his position in the firm would be «untenable» if activist fund Elliott gets the majority of the board seats during a shareholder vote Friday, Reuters reportein the firm would be «untenable» if activist fund Elliott gets the majority of the board seats during a shareholder vote Friday, Reuters reported.

LSE (ldnxf) has been looking for a new leader since former banker Xavier Rolet abruptly left in November following an ignominious public spat between activist shareholder TCI Fund Management and LSE's board.

She recommends approaching activists and their arguments with openness and considering it in the context of what's best for shareholders.

Camber Capital Management, a hedge fund with an activist history, has purchased 5.7 million shares of Tenet Healthcare Corp., or a 5.7 % stake in the money - losing hospital chain.The emergence of Camber was disclosed Monday, just three days after Tenet's largest shareholder, Glenview Capital Management, resigned two Tenet board seats, citing irreconcilable differences with management and the board.Glenview Capital, which owns an 18 % stake in Tenet, gave notice Friday that it would no longer participate in a stand - still agreement that had prevented it from launching a proxy fight for control of the company.Tenet investors welcomed the Camber disclosure Monday, driving up Tenet's stock price to $ 2.18, or 15 %, to $ 16.63 as of 12:30 p.m. ET.Tenet is the nation's third - largest investor - owned

Unfortunately, activist investors gravitate towards firms that highlight their non-GAAP metrics because it becomes easier to hide shareholder destruction in the short - term.

Truly strategic boards will think like activists, put in place good governance practices, stay connected to messaging from Institutional Shareholder Services and Glass, Lewis & Co. and communicate with shareholders all year long.

3 But if you subscribe to the simple activist - shareholder model, in which activists (1) identify underperforming companies, (2) buy up those companies» (cheap) stock, (3) push the companies to improve, and then (4) reap (a portion of) the rewards of that improvement, what do you think about this development?

The last of them, Scott Thompson, resigned in disgrace after five months when a large activist shareholder, Dan Loeb, published an open letter accusing him of fabricating a computer - science degree.

On the eve of a special shareholders» meeting last May by Taseko Mines Ltd. (TSX: TKO), activist shareholder Raging River Capital LP threw in the towel.

A stake purchase by the activist investor could add friction in a potential merger of the $ 53 bln software company with its controlling shareholder Dell.

But the new world of an activist (or three) in every stock, and passive - shareholder support for and use of activists, makes these issues a lot more practically relevant.

Only shareholder activist Ralph Whitworth wasn't on the board when HP authorized Apotheker to buy Autonomy in August 2011.

In the fall of 2014, the hedge fund activist and Allergan shareholder Bill Ackman became increasingly frustrated with Allergan's board of directors.

Activist investor Nelson Peltz holds a $ 1.6 billion stake in DD and believes a breakup of the company will unlock shareholder value.

Fewer than one ADP shareholder in four backed the activist's bid for board seats at the payroll processor.

Apple chief executive Tim Cook is scheduled to meet with shareholder activist Carl Icahn on Monday in New York City, according to a report.

The attempted raids on McDonalds and other companies in recent years provide object lessons in this destructive financial policy of «shareholder activists.»

Once a gentile club that resolved its problems in quiet, behind closed doors, corporate Italy is increasingly becoming prey for activist shareholders.

I certainly favor significantly increasing the ownership threshold, but I also believe that the rule needs substantive changes to prevent activists from meddling in matters that are appropriately the responsibility of the board and management rather than shareholders.

Contrary to the claims of shareholder activists, political spending disclosure can harm companies in a variety of ways.

But it's certain that if Tim Hortons had not entertained Burger King's offer, Ackman, an activist investor famous for his pitched battles with companies — whose stake in Burger King has already earned him an additional US$ 200 million on the takeover news — would have sparked an ugly shareholder battle over Tim's.

Indeed, shareholder policy preferences can shift very rapidly when activist shareholders arrive on scene and demand sweeping changes in core policies.

Overall, cash returned to shareholders is much lower today — even with the recent surge instigated by activist campaigns — than in decades past when the economy enjoyed much more robust growth.

It is worth mentioning that John Wilcox is also directly involved in high - profile Morrow Sodali assignments, when the issues at stake («delicate» items in the Agenda, need to deal with activist «shareholders», consultation at Board level, etc) require it.

Specifically, activist shareholders and the usual media scolds are pushing for JP Morgan to strip Mr. Dimon of his chairman's role in the name of better corporate governance.

As I discuss in my recent paper, First Amendment and Corporate Governance, shareholder voting on corporate speech could amplify activist business skeptics while muting the diversified shareholders who would prefer that business views be heard.

A financial auction earlier this year, following a failed attempt by activist shareholders to change Yahoo's strategy, culminated in the Verizon - Yahoo transaction.

BlackBerry's ability to manage inventory and asset risk; BlackBerry's reliance on suppliers of functional components for its products and risks relating to its supply chain; BlackBerry's ability to obtain rights to use software or components supplied by third parties; BlackBerry's ability to successfully maintain and enhance its brand; risks related to government regulations, including regulations relating to encryption technology; BlackBerry's ability to continue to adapt to recent board and management changes and headcount reductions; reliance on strategic alliances with third - party network infrastructure developers, software platform vendors and service platform vendors; BlackBerry's reliance on third - party manufacturers; potential defects and vulnerabilities in BlackBerry's products; risks related to litigation, including litigation claims arising from BlackBerry's practice of providing forward - looking guidance; potential charges relating to the impairment of intangible assets recorded on BlackBerry's balance sheet; risks as a result of actions of activist shareholders; government regulation of wireless spectrum and radio frequencies; risks related to economic and geopolitical conditions; risks associated with acquisitions; foreign exchange risks; and difficulties in forecasting BlackBerry's financial results given the rapid technological changes, evolving industry standards, intense competition and short product life cycles that characterize the wireless communications industry, and the company's previously disclosed review of strategic alternatives.

I guess the lesson of Travis Kalanick's resignation as chief executive officer of Uber Technologies Inc. is that you can be the visionary founder of a massive company, stay private to avoid the pressures of the public market, keep control of a majority of the voting power of the shares, and still be forced out in a boardroom coup led by activist shareholders:

There are countless ways to look at the implications of Amazon's proposed $ 13.7 billion takeover of Whole Foods, that it's the latest salvo in the battle between Amazon and Walmart to be the one place where everyone shops for everything, that it's a disruption to the supply chain model in the grocery business, or that it's nothing more than a marriage of convenience to save Whole Foods from the ire of its activist shareholders.

Many factors could cause BlackBerry's actual results, performance or achievements to differ materially from those expressed or implied by the forward - looking statements, including, without limitation: BlackBerry's ability to enhance its current products and services, or develop new products and services in a timely manner or at competitive prices, including risks related to new product introductions; risks related to BlackBerry's ability to mitigate the impact of the anticipated decline in BlackBerry's infrastructure access fees on its consolidated revenue by developing an integrated services and software offering; intense competition, rapid change and significant strategic alliances within BlackBerry's industry; BlackBerry's reliance on carrier partners and distributors; risks associated with BlackBerry's foreign operations, including risks related to recent political and economic developments in Venezuela and the impact of foreign currency restrictions; risks relating to network disruptions and other business interruptions, including costs, potential liabilities, lost revenues and reputational damage associated with service interruptions; risks related to BlackBerry's ability to implement and to realize the anticipated benefits of its CORE program; BlackBerry's ability to maintain or increase its cash balance; security risks; BlackBerry's ability to attract and retain key personnel; risks related to intellectual property rights; BlackBerry's ability to expand and manage BlackBerry ® World ™; risks related to the collection, storage, transmission, use and disclosure of confidential and personal information; BlackBerry's ability to manage inventory and asset risk; BlackBerry's reliance on suppliers of functional components for its products and risks relating to its supply chain; BlackBerry's ability to obtain rights to use software or components supplied by third parties; BlackBerry's ability to successfully maintain and enhance its brand; risks related to government regulations, including regulations relating to encryption technology; BlackBerry's ability to continue to adapt to recent board and management changes and headcount reductions; reliance on strategic alliances with third - party network infrastructure developers, software platform vendors and service platform vendors; BlackBerry's reliance on third - party manufacturers; potential defects and vulnerabilities in BlackBerry's products; risks related to litigation, including litigation claims arising from BlackBerry's practice of providing forward - looking guidance; potential charges relating to the impairment of intangible assets recorded on BlackBerry's balance sheet; risks as a result of actions of activist shareholders; government regulation of wireless spectrum and radio frequencies; risks related to economic and geopolitical conditions; risks associated with acquisitions; foreign exchange risks; and difficulties in forecasting BlackBerry's financial results given the rapid technological changes, evolving industry standards, intense competition and short product life cycles that characterize the wireless communications industry.

While activist shareholder Sandon Capital has been a voluble opponent of the deal, arguing Tabcorp is getting a very good asset in the Tatts lotteries business, there are enough big shareholders who own stock in both companies that are in favour of the transaction to make a favourable vote likely.

Lagardere shareholders reject activist demandsShareholders in Lagardere SCA (MMB.FR) voted Thursday against motions proposed by activist investor Amber Capital to change the group's corporate governance.

French media group Vivendi and activist fund Elliott Advisors — respectively the largest and second - largest investors in Telecom Italia — are heading for a showdown at upcoming shareholder meetings scheduled for April 24 and May 4.

Activist investors had success in prompting GM to return money to shareholders in the form of $ 5 billion in share buybacks.