Activist Ancora on Thursday won the support of the BMWED Teamsters in the investor’s efforts to oust Norfolk Southern CEO Alan Shaw and a majority of the railroad’s 13-person board. The labor group said it would back the activist’s seven director nominees over Norfolk Southern management, a significant endorsement in an industry unusually dependent on … Read more
NEW YORK — Shaina Taub was in the audience at “Suffs,” her buzzy and timely new musical about women’s suffrage, when she spied something that delighted her. It was intermission, and Taub, both creator and star, had been watching her understudy perform at a matinee preview last week. Suddenly, she saw audience members searching the … Read more
Macy’s flagship store in Herald Square in New York, Dec. 23, 2021. Scott Mlyn | CNBC Department store Macy’s on Wednesday said it had settled its proxy fight with an activist group led by Arkhouse Management, and that it would add two new directors to its 15-person board. The reshuffle moves Macy’s closer to a … Read more
Bob Iger and Nelson Peltz. CNBC In 2015, Nelson Peltz’s Trian Partners was defeated in an activist campaign against chemical firm DuPont, largely because the top three institutional shareholders voted against his slate. Nearly a decade later, those same institutional investors — Vanguard, State Street and BlackRock — are the three largest shareholders in Disney. … Read more
Joe Kiani, CEO, Masimo Scott Mlyn | CNBC Health-tech company Masimo, best known for its successful patent litigation over the Apple Watch, is facing a proxy fight for the second time in two years — from the same activist investor who now sits on the company’s six-person board. Quentin Koffey’s Politan Capital, a roughly 9% … Read more
Nurphoto | Nurphoto | Getty Images Tinder and Hinge operator Match Group added two new directors and signed an agreement with Elliott Management, months after the activist investor was reported to have taken a stake in the company, Match announced on Monday. Instacart Chief Marketing Officer Laura Jones and Zillow co-founder Spencer Rascoff will join … Read more
Disney CEO Robert Iger attends the 95th Annual Academy Awards at the Dolby Theatre in Hollywood, California on March 12, 2023. Valerie Macon | AFP | Getty Images Activist investor Blackwells said Monday that Disney‘s board had not disclosed that shareholder ValueAct Capital had a financial relationship with the entertainment company, putting the firm’s endorsement … Read more
An exterior view of the Advance Auto Parts store at the Sunbury Plaza, Sunbury, Pennsylvania. Paul Weaver | SOPA Images | Lightrocket | Getty Images Dan Loeb’s Third Point and activist Saddle Point have a stake in Advance Auto Parts and reached a settlement with the company that will give the activists three board seats, … Read more
Steph Kronos, a pro-union activist, tries to talk to Starbucks customers while joining Starbucks workers, former employees and supporters in holding signs in support of a strike, outside of a Starbucks store in Arlington, Virginia, on Nov. 16, 2023. Saul Loeb | AFP | Getty Images A group of labor unions said on Tuesday that … Read more
Igor Golovniov | Lightrocket | Getty Images A co-founder of telecommunications company Crown Castle has nominated a rival slate of directors to the firm’s board, muddying the waters months after activist investor Elliott Management and Crown Castle signed a cooperation agreement. Ted Miller, who helped launch the company in 1994, along with his investment vehicle … Read more
