The logo of Johnson Controls stands over a production plant Sean Gallup | Getty Images Johnson Controls CEO George Oliver will retire from the top job at the industrial conglomerate, the company announced Wednesday morning, after “constructive dialogue” with Elliott Management, which amassed a stake in the company earlier this year. “I believe that now … Read more
A Starbucks coffee shop in Amsterdam. Nicolas Economou | Nurphoto | Getty Images Elliott Management has taken a significant stake in coffee chain Starbucks and is engaging with management to find ways to improve the company’s share price, the Wall Street Journal reported Friday, citing people familiar with the matter. Representatives for Elliott declined to … Read more
Jeff Smith, chief executive officer of Starboard Value LP, speaks during a Bloomberg Television interview in New York, U.S. Christopher Goodney | Bloomberg | Getty Images Starboard Value has amassed a roughly 6.5% stake in online dating company Match Group and is pushing the company to either make changes that would improve margins or go … Read more
BANJUL, Gambia — Lawmakers in the West African nation of Gambia on Monday rejected a bill that would have overturned a ban on female genital cutting. The attempt to become the first country in the world to reverse such a ban had been closely followed by activists abroad. The vote followed months of heated debate … Read more
Travelers wait to check in at the Southwest Airlines counter at Oakland International Airport in Oakland, California, Dec. 27, 2022. David Paul Morris | Bloomberg | Getty Images After Elliott Management revealed a $1.9 billion stake in Southwest Airlines in June, an initial rally in the stock quickly fizzled. Rather than sparking typical cheer on … Read more
A Southwest Airlines jet is parked Ellison Onizuka Kona International Airport at Kehole awaiting passengers on January 20, 2024 in Kailua-Kona, Hawaii. Kevin Carter | Getty Images Southwest Airlines said Wednesday that it has adopted a shareholder rights plan, more commonly known as a “poison pill,” in response to activist Elliott Management’s investment in the … Read more
Nelson Peltz, founder and chief executive officer of Trian Fund Management, during the Future Investment Initiative (FII) Institute Priority Summit in Miami, Florida, on Thursday, March 30, 2023. Marco Bello | Bloomberg | Getty Images Nelson Peltz’s Trian Partners has amassed a significant stake in Terminix parent Rentokil and is seeking to engage with leadership … Read more
Elon Musk attends the 2024 Breakthrough Prize Ceremony at Academy Museum of Motion Pictures on April 13, 2024 in Los Angeles, California. Taylor Hill | Getty Images Top proxy advisor Institutional Shareholder Services on Friday recommended Tesla shareholders vote against the re-approval of CEO Elon Musk’s $56 billion pay package and withhold their support from … Read more
ExxonMobil CEO Darren Woods speaks during the APEC CEO Summit at Moscone West on November 15, 2023 in San Francisco, California. Justin Sullivan | Getty Images Exxon Mobil‘s months-long battle with two environmentally focused activist investors has cost the company the support of the California Public Employees Retirement System. CalPERS, the $484 billion pension fund … Read more
Boaz Weinstein, founder and chief investment officer of Saba Capital Management, during the Bloomberg Invest event in New York, US, on Wednesday, June 7, 2023. Jeenah Moon | Bloomberg | Getty Images Boaz Weinstein, the hedge fund investor on the winning side of JPMorgan Chase’s $6.2 billion, “London Whale” trading loss in 2011, is now … Read more
