Activist investor Nelson Peltz and his investment firm Trian Fund Management have acquired a 9.9% stake in Janus Henderson, but investors should not pin all their hopes on a merger between Janus Henderson and Invesco Ltd (IVZ). Also, a further improvement in capital returned to shareholders is also challenging...
Continuing to believe that Aimco's (NYSE:AIV) proposed split into two publicly traded companies (one an apartment REIT, the other a developer) will destroy shareholder value, Land & Buildings has filed to call a special meeting of shareholders...
My interest in shareholder activism dates back to the start of the 2010s, the world was just recovering from the financial crisis – a crisis largely stemming from a failure of corporate governance. Risk management committees at the boards of the world’s largest financial institutions were seemingly asleep at the switch as the executive branch of their companies leveraged up the balance..
Proxy adviser Glass Lewis is coming out against the pay package at Liberty Global (LBTYA), putting in some additional scrutiny on some eye-popping numbers pointed at its CEO...
Barclays' (NYSE:BCS) largest shareholder and activist investor Edward Bramson suspended his campaign to unseat Barclays CEO...
Proxy advisory firm Institutional Shareholder Services recommends that OnDeck (NYSE:ONDK) shareholders vote for all of the company's directors...
Two of the three activist hedge funds, Macellum Advisors and Ancora Capital, that went after Bed Bath and Beyond (BBBY) are now coming after this discount retailer to execute “big” changes at Big Lots...
The board of directors of Groupon (GRPN -3.1%) has adopted a limited duration rights plan to promote the fair and equal treatment of all current and future stockholders, effective April 10, 2020 and with an expiration date of March 10, 2021...
I believe Bed Bath (BBBY) will survive this pandemic and come out stronger. It will take time to recover lost revenue and an omnichannel becomes even more important. The company will go through a rough patch as long as it has to close most of its stores...
Olin Corp. (NYSE:OLN) confirms activist investor Sachem Head Capital Management plans to nominate four directors at the company's 2020 annual shareholders meeting...
JetBlue (NASDAQ:JBLU) announces changes to its board of directors aligned with the company's new governance guidelines...
A good start with six down, and only three more to go to complete the board refill. Accountability, integrity, and good corporate governance at the top is ...
After almost a year of tussling with activist investor Voce Capital, Argo Group International (NYSE:ARGO) enters a cooperation agreement with Voce to make some changes to its board...
Going into the new decade, there is a need to review the role that the Board of Directors plays in the modern corporation as things move faster and as ...
Blackwells Capital LLC, an alternative investment management firm, calls on Colony Credit Real Estate (NYSE:CLNC) to replace its Colony Capital-provided investment team rather than "internalize" it as proposed by Colony Capital Chairman and CEO Tom Barrack...
Over the decade that ended at the close of 2017, GE spent $53.9 billion to repurchase 2.07 billion shares, at average prices of $26. At today's $8.38 ...
As I have previously explained , I think that Sony Corp. (NYSE: SNE ) is right in its decision not to give in to demands by activist investor Third Point LLC to break the company apart. I believe that the company will be stronger in the long run if it keeps most of its different businesses under one roof. There is, however, one part of Third Point's assessment I agree with...
In a letter to its shareholders, Brookdale Senior Living (NYSE:BKD) calls Land & Buildings' nominee for its board, Jay Flaherty, "unfit to serve on the board" and says he could endanger Brookdale's relationships with its largest landlords...
Analyzing the corporate governance and management incentives is the first step in determining the risk-reward opportunity for a financial services ...
After sparring for months with HomeStreet (NASDAQ: HMST ), Blue Lion Capital agrees to sell all of its 1,692,401 shares of HomeStreet common stock to the company for $31.16 per share. Per-share price represents a 5.9% premium to HomeStreet's closing price of $29.43 yesterday. Blue Lion agrees to certain standstill provisions for three years...
Back in January, Carl Icahn began building his stake in Caesars Entertainment Corp. (NASDAQ: CZR ) having decided, and we think correctly so, that the company was ripe for sale. Since then, he has slowly increased his stake to 28.5% (including swaps), placed four of his directors on the board, and arranged the appointment of a new CEO, Anthony Rodio, last month.
The majority of the company's non-executive directors do not own a single share of the company's common stock.
The restricted stock units issued to directors are not actual shares, have no voting rights, and are typically settled at the end of a director's service.
The result is that a majority of the company's board of directors may never own outright a share of the company's stock....
Engaged Capital discloses additional buys of Hain Celestial (NASDAQ: HAIN ) over the past few sessions, taking its stake in the company to 20.2% vs. 18.3% at the end of March. Shares are up just a hair in premarket action...