activist investing – ReportWire

Norfolk Southern shareholders elect 3 directors nominated by activist, while CEO keeps job

[ad_1] Norfolk Southern’s CEO will be under more pressure to improve profits after the railroad’s shareholders voted Thursday to elect three of the board members an...

Business11 months ago

Activist hedge fund Elliott bets $1 billion on British platinum producer

[ad_1] Elliott Investment Management has built a roughly $1 billion stake in Anglo American Plc, the UK-listed miner that’s received an unsolicited takeover approach from Australia’s...

Business1 year ago

Hertz’s electric vehicle and CEO about-face is the latest twist after a COVID bankruptcy filing and a deep relationship with Carl Icahn

[ad_1] It seemed like a good idea at the time. Now we know better. Hertz, reeling from a bankruptcy and the pandemic, announced plans to buy...

Business1 year ago

Bill Ackman divulged details about the time a fellow activist tried to force him to liquidate—only to be saved by a ‘handshake’ deal with Jamie Dimon’s bank

[ad_1] Elliott Investment Management targeted Pershing Square Holdings in 2017, when Paul Singer’s firm privately tried to force fellow activist Bill Ackman to liquidate his listed...

Business1 year ago

‘No hormones, ever,’ Shake Shack says about its chicken. Activist shareholders say that’s true for every other chicken sold in the U.S., too

[ad_1] “No hormones, ever” is what Shake Shack said about the crispy fried chicken in its sandwiches. A shareholder group says that’s a paltry claim, because...