Salesforce, hit hard by this year's tech rout, drew the eye of activist hedge fund Starboard Value on Tuesday. Meanwhile, hedge fund Third Point announced a significant stake in Colgate, and wants the toothpaste maker to ramp up its pet food division...
Wells Fargo ( NYSE:WFC ) found itself in national headlines again recently when Sen. Elizabeth Warren (D-Mass.) urged the Federal Reserve to annul the megabank's financial holding company license. She further asked the Fed to essentially break up Wells Fargo...
This year, China's leaders have embarked on an aggressive campaign to rein in its technology giants to promote more "common prosperity," in a bid to reverse the wealth inequality rising in China's economy...
GameStop ( NYSE:GME ) is now fully controlled by the activist investors who were calling for change at the video game retailer. Weeks after numerous executives either quit or were ousted from their jobs , and most of the board of directors declared they would not stand for reelection at the annual shareholders meeting, the company announced activist investor Ryan Cohen would become board chairman...
Dave & Buster's (NASDAQ:PLAY) was arguably hurt by the COVID-19 pandemic more than many other restaurants, because as an entertainment-focused chain, the communal nature of its atmosphere didn't jibe well with today's social distancing norms...
Netflix Will Lose a Board Member on Inauguration Day U.N. Ambassador Susan Rice is going back to the White House...
There's one comparison to Amazon that isn't flattering to electric car manufacturer Tesla, and it concerns the compensation of their chief executive officers...
The Harley-Davidson (NYSE:HOG) activist investor who helped oust ex-CEO Matt Levatich earlier this year says his replacement is just what the motorcycle maker needs. Impala Asset Management founder Bob Bishop told Reuters that under the leadership of Jochen Zeitz, "For the first time in five to six years, the company is on the right track again...
As investors wonder whether banks will be able to keep paying their dividends during the COVID-19 pandemic, JPMorgan Chase ( NYSE:JPM ) CEO Jamie Dimon has maintained that dividends are a "drop in the bucket" relative to his bank's total capital...
Leveraging its 5.2% stake in the company, activist investor Marathon Partners has opened a proxy fight with e.l.f. Beauty, Inc. ( NYSE:ELF ) , attempting to seat three new directors on its board...
Following last Friday's stinging criticism from the hedge funds that own a 7.2% stake in the company, GameStop(NYSE:GME) struck back yesterday with a letter to stockholders lambasting the activist investors...
Bloomin' Brands (NASDAQ:BLMN) has seen several ups and downs in recent months -- even before the coronavirus pandemic took hold of the economy -- as activist investor JANA Partners LLC made a bid to get Bloomin' to auction itself off in February. Though Bloomin', the parent company of Outback Steakhouse, Bonefish Grill, Carrabba's Italian Grill, and other restaurant brands, ultimately didn't put itself on the auction block, JANA Partners just managed to get two directors onto its board, raising the possibility it might try again in the future...
It's hardly a new complaint. Indeed, the headlines raging against shockingly big paychecks collected by United States CEOs have been regularly recirculated for years. This time, though, against a backdrop of consumers' concern over online privacy and frustration over lingering inequality, efforts from Walt Disney (NYSE:DIS) and Coca-Cola (NYSE:KO) shareholders have finally struck a receptive nerve that will incite actual change in how corporate chiefs are compensated. AT&T (NYSE:T) shareholders may be ready to jump on the bandwagon, too, after learning its CEO John Stankey received a 36% raise last year despite a string of ...
Two of the three private equity firms that caused sweeping changes at Bed Bath & Beyond(NASDAQ:BBBY) have firmly fixed their gaze on struggling deep-discount chain Big Lots(NYSE:BIG)...
The company's recovery faces major challenges in the face of intense competition. Lawrence Rothman, CFA Mar 15, 2020 at 3:11PM Newell Brands ( NASDAQ:NWL ) has had a rough few years with shareholders suffering the consequences. The stock is trading at just one-quarter of its value from three years ago. This comes after Newell completed an ill-advised $13 billion cash-and-stock acquisition of Jarden in 2016. Data by YCharts ...
eBay (NASDAQ:EBAY) has once again fallen under the gaze of Starboard Value. The activist hedge fund has put forward a minority slate of nominees for eBay's board of directors, according to a report in The Wall Street Journal...
The activist investor has no immediate plans to jettison his extremely successful investment in the burrito chain...
Canopy Growth (NYSE:CGC) announced today that it was making two major changes to its board of directors. Judy Schmeling, who currently sits on the Constellation Brands (NYSE:STZ) board of directors, will be stepping up as Canopy's new board chair while a senior marketing executive from Constellation, Jim Sabia, will be joining Canopy's board as well...
As Larry Culp, the CEO of General Electric ( NYSE:GE ) , nears the one-year mark of his tenure, he can probably sleep a little bit easier. Not because GE's stock has recovered -- it's down more than 65% over the last three years. And not because GE has suddenly started to outperform. Its Q2 revenue, adjusted earnings, and free cash flow all saw year-over-year declines...
An activist investor made a strong argument for walking away from Celgene, but will investors listen?...
Activist investor Dan Loeb was a key figure in pushing industrial conglomerate United Technologies ( NYSE:UTX ) to split into three independent entities. Now, he wants the company to go a step further and seek a buyer for one large unit...
Hedge funds Elliott Management and Starboard Value both have significant stakes in online marketplace eBay ( NASDAQ:EBAY ) , and both have similar ideas about how its management could succeed in unlocking value...
Activist investor Jonathan Litt of Land and Buildings Investment Management has been pushing for radical changes at department store conglomerate Hudson's Bay since mid-2017. Earlier this week, he renewed his attacks on the company's board and management. This time around, Litt is making his biggest demands yet...
