Sentences with phrase «shareholder activist who»
INVESTMENT PHILOSOPHY Pickens is an oilman and shareholder activist who in later years has become a hedge - fund manager.
http://www.investingbythebooks.com/ Not exact matches
May 2 - Xerox Corp said its CEO and several board members will step down to settle a suit brought by activist shareholders who had opposed a $ 6.1 billion deal with Japan's Fujifilm Holdings.
Xerox has been targeted by activist investor Carl Icahn and shareholder Darwin Deason, who joined forces last week to push Xerox to explore strategic options, oust its «old guard», including its CEO, and negotiate better terms for its decades - long deal with Fujifilm.
This follows a lawsuit by activist investor Darwin Deason, who along with fellow Xerox shareholder Carl Icahn has said the deal substantially undervalues Xerox.
The company and Allen have recently come under attack from an activist shareholder who says Allen has mismanaged the company.
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.
That put him on the opposite side of the table from activist investor Carl Icahn, who turned into Herbalife's largest shareholder even as Ackman mounted a campaign against the company.
How shareholders will vote — either with DuPont or its rival, activist hedge fund Trian Fund Management — will come down to how well they believe DuPont has performed under Kullman, who got the job at the start of 2009.
Immelt is no stranger to activist investors, having dealt with billionaire Trian Partners boss Nelson Peltz, who was a major GE shareholder.
T) said it would file an objection with a U.S. court over a settlement announced earlier between Xerox Corp (XRX.N) and activist shareholders who oppose a $ 6.1 billion deal between the two companies.
CEOs need to be devising strategy, working with board members, energizing organizations, and dealing with shareholders, but most leaders are ill prepared to handle an activist shareholder who comes at the company with a proxy fight and wins seats on the board.
Enter Carl Icahn, activist shareholder, who had his own ideas about how Blockbuster should be managed and particularly about Antioco's compensation package.
«Despite the continued support of attacks by activist hedge funds by the Chair of the SEC, and many «Chicago school» academics who continue to rely on discredited statistics, there is growing recognition by institutional investors and prominent «new school» economists of the threat to corporations and their shareholders and to the economy of these attacks -LSB-...]
These costs include bankers» and lawyers» fees, the risk of class - action litigation, the need to reveal commercially sensitive information that could benefit rivals, and the prospect of fights with corporate raiders who want juicier returns for shareholders and social activists who want executives to pay heed to their values.
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.
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.
Duperreault arguably owes his new job to pressure put on AIG by activist investor Carl Icahn, who has been agitating for new management to join the company and move to split it up and sell the parts to unlock value for shareholders.
The Texas Act would apply to any person who (i) beneficially owns any securities of a «Texas - based public company» (defined as a publicly traded company whose «headquarters» are located in Texas) and (ii) is an «activist investor» (defined as any person who directly or indirectly nominates or attempts to nominate directors or makes or attempts to make a shareholder proposal with respect to the company).
According to the New York Post, Yahoo! Inc. (NASDAQ: YHOO) is preparing for a potential proxy battle against activist investors, including Starboard Value, by hiring advisers who specialize in defense against «cage - rattling shareholders.»
That sounds awfully like the activist shareholder model that's currently being exercised by state Comptroller Tom DiNapoli, who has sought to squeeze reforms from major companies the state's pension fund has invested in, including greater disclosure of their political activity.
-LSB-...] Speaking of activist shareholders, Greenbackd got the entire rundown of who's going after who (whom?).
Well, for one thing because I think the value of the company is greater than the MBO offer, but more importantly, there are some large activist shareholders who hold this same view!
The research shows that, in addition to undervaluation, activists seek cash - rich balance sheets, and over-diversified businesses, both of which are symptoms of the tension between managers who want larger fiefdoms, and shareholders who prefer that cash be distributed out to them when returns drop below a threshold.
The change has long been sought by large shareholders and activists who want to make it easier to dump underperforming boards.
Since many small shareholders simply don't vote, that will give more power to institutional and activist shareholders who do.
i) Other Activist Investors: Any other fund (or family office, or investor) who might be interested in building a significant stake in the company, and becoming more actively involved (publicly, or privately) in unlocking Argo's intrinsic value for shareholders.
Klien and Zur define an entrepreneurial shareholder activist as «an investor who buys a large stake in a publicly held corporation with the intention to bring about change and thereby realize a profit on the investment,» which seems quite broad.
Over the past two days, shareholder activist John Chevedden, who has introduced proposals at Southwest and two others, added Continental Airlines (CAL) and Staples (SPLS) to his list.
«Problems could arise if activist shareholders, who are already revolting over excessive pay packages, decide they want to use this vote as an opportunity to attack directors that they think are taking advantage of their position by accepting overly lavish entertainment or gifts,» he says.
While fund managers and individual investors stand to benefit from this increased information, activist shareholders, who value and depend on secrecy when building hostile positions, are less likely to be as welcoming.