Both the substance of the proposed value-destroying transaction and the conflict-tainted process by which it was hatched are an insult to long-suffering Xerox shareholders and make a mockery of well-established corporate governance norms. Fuji - with the able assistance of Xerox CEO Jeff Jacobson ...
As shareholders with minority stakes in a business, we often place ourselves in the hands of insiders to act in our best interests as the stewards of our capital. Proper corporate governance practices go hand in hand with strong fundamentals in creating an attractive investment, with conflicts of interests ...
MicroStrategy ( MSTR ) added two new board members who bring valuable backgrounds and increase board diversity. Ms. Breya served as COO of Ionic Security, a data protection and control software provider; she served as chief information officer at Informatica (NASDAQ: INFA ) a business intelligence competitor to MicroStrategy; and she held senior marketing positions at Hewlett-Packard Company (NYSE: HPE )...
Mallinckrodt (NYSE:MNK) nominates two new members, Paul R. Carter and Anne C. Whitaker for its Board of Directors . Both will join the Board pending shareholder vote at the AGM in May. Mr. Carter served as executive VP, commercial operations of Gilead Sciences, from 2014 to 2016. He is expected ...
The Hong Kong Stock Exchange (HKSE) has issued its latest proposal to weaken corporate governance standards in order to attract Chinese listings that have gone to the US. The US has won most of the listings of China's privately held companies, including bellwethers Alibaba, Baidu and Sina...
Qualcomm (NASDAQ: QCOM ) lead director Tom Horton tells CNBC that Broadcom’s (NASDAQ: AVGO ) latest bid was “just not even close to what the value of the company is.” Horton: “We’re on the verge of reaping the benefits of all the investments we’ve made in 5G, which is rolling out in a very profound way over the next couple of years...
Inseego Corp (NASDAQ:INSG) announced the appointment of Mark Licht to its Board of Directors , effective Jan. 5, 2018. Mark Licht has an extensive background in the telematics industry with over 25 years of experience in the formation, financing, and operation of wireless location services and ...
For more than a year, Herbalife has been telling investors and regulators that it is compliant with an FTC Consent Order. Our research has turned up problems with nearly every aspect of Herbalife's US business post-settlement: Training events, fitness transformations, Nutrition Clubs, Documented Sales, ...
Broadcom (NASDAQ:AVGO) will take its first formal step today toward a hostile takeover of Qualcomm (NASDAQ:QCOM), unveiling nominees whom Qualcomm shareholders can vote on to replace the company's board of directors , Reuters reports. Stockholders who want the U.S. semiconductor giant to ...
However, some have argued that passive investing could potentially lead to a decline in corporate governance and, even more concerning, ...
In June, Daniel Loeb of Third Point acquired Nestle’s 40 million shares. So far, all but one request of Daniel Loeb, which were described in his letter, were accepted by Nestle. While not all demands are met yet, the ordinary shareholders are the ones that will continue to benefit from the influence of Third Point on their company...
IBM's cloud is big news. But its too small to meaningfully move the needle. Management is only to satisfied with the status quo. IBM is still not cheap enough for value investors. Investment Thesis IBM's ( IBM ) venture into cloud is too small a contributor and so does not move the needle on the company's bottom line...
This small shoe company has been targeted by Bill Ackman's protege. An activist investor is looking to overthrow the board. But the hedge fund should have a tough time convincing shareholders given Deckers' progress. The question to ask is not whether Deckers Outdoor ( DECK ) is a turnaround company, but rather who can turn around the footwear maker -- management or a new team?...
The Fed is reducing bank boards' regulatory burdens--some cry foul. But bank boards have limited time. They should focus on the important stuff. Risk management is the important stuff and the Fed now understands that. In an August 11, 2017 column , Gretchen Morgenson of the NY Times excoriated the Federal Reserve Board for proposing to loosen rules regarding bank boards of directors...
Amazon is a moonshot company. One that keeps ‘fooling’ investors, but is this its Apple moment? Will Bezos become his own activist investor? Amazon ( AMZN ) is the master of everything. They own the retail space, are a dominant force in data storage, have hits in hardware and are quietly a logistics master. But the real prize -- and it’s not AWS -- it is Prime. That’s what could make Whole Foods interesting -- effectively turning it into a Costco ( COST ) like membership model...
Teva could be a great activist target. There are a couple catalysts here. The biggest being a breakup? Teva Pharmaceuticals ( TEVA ) is in the dumps. It’s officially on the activist investor radar. At decade lows, it’s hard not to be tempted by Teva. Generic drug pricing pressure and poor earnings are crushing the company. A great opportunity, perhaps, for an activist investor? The big thesis is to get Teva to get its debt load under control...
The gross margin can give an indication of how sound the business model is of these leading discount retailers. Costco’s low-cost pricing strategy reveals its revenue is covering its operating costs by a much slimmer margin at 13.3 percent than that of its competitors. Costco’s prices are 17 to 19 percent lower than Amazon’s in both its e-commerce and bricks-and-mortar stores, according to a recent comparative study...
Activist investor Elliott Management has shown its hand in the NXP buyout battle. Qualcomm fended off fellow activist investor JANA Partners a couple years ago. This time they won’t get "out" so easy. The Qualcomm ( QCOM ) and NXP Semiconductors ( NXPI ) battle gets a bit more heated. Elliott Management had previously placed its bet and now it’s upping the ante. Elliott now has a 6% stake in NXP and is publicly pushing for a higher buyout price from Qualcomm...
Make no mistake about it, the only parties that benefit from bad corporate governance are the managers who run the company. Inflated compensation ...
EDGW is an under-earning, mismanaged, small consulting company ignored by investors who fail to appreciate the durability and recurring nature of its revenue. Given a newly constructed board, resulting from a shareholder proxy fight won by Ancora Advisors earlier this year, we believe a turnaround or sale is likely...
Nelson Peltz’s Trian Fund Management is seeking a board seat at Procter & Gamble (PG) Activist investors have a mixed track record when it comes to creating shareholder value, but Peltz appears to have found an ideal situation. Any reform of the company’s corporate structure should include a renewed focus on return on invested capital (ROIC). One of the largest activist investors in the world is taking on his biggest target yet...
There is the promise of marked upside if Dow and DuPont change their breakup strategy. Activist investors have been pulling the strings for years on this. But it could be time for Dow and DuPont that stand their ground. There’s been fresh activist investor pressure from Dan Loeb’s Third Point on Dow ( DOW ) and DuPont ( DD ), hoping to get the two to review post-merger plans. The companies recently hired McKinsey to review its post-merger spinoff situation...
After the most recent news of the termination of the original Rite Aid ( RAD )/Walgreens ( WBA ) deal set forth in October 2015 , investors have found their stock price halved during the merger saga which eventually ended ...
The company is also rolling out a $21 billion share buyback plan. The buyback ... The issue for Loeb will be Nestle's corporate governance . He's going ...