1. Articles from nypost

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    1. The Average Hedge Fund Lost 6.7 Percent in 2018

      The Average Hedge Fund Lost 6.7 Percent in 2018

      Ex-Goldman Sachs partner still believes in cryptocurrency Hedge funds are thrilled to see 2018 in their rear-view mirrors. As year-end returns for high-profile activist hedgies like Dan Loeb, David Einhorn and Bill Ackman trickle in, early fears about hedge fund returns getting clipped are being realized. “It’s been a tough year for active managers,” Don Steinbrugge, chief executive of hedge fund consultancy Agecroft Partners, told The Post...

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    2. Breaking News: Papa John's Board OKs 'Poison Pill' to Block Founder From Gaining Control

      Breaking News:  Papa John's Board OKs 'Poison Pill' to Block Founder From Gaining Control

      The boardroom battle at Papa John’s got a little uglier on Sunday. The pizza chain’s board, looking to further distance itself from the company’s controversial founder , voted on Sunday to adopt a poison pill to keep John Schnatter from gaining a controlling stake in the Louisville, Kent., company, according to a report. The move is expected to be made public on Monday, the report said, citing people familiar with the matter...

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    3. Elliott Management Pushes for Overhaul of Sempra Energy

      Elliott Management Pushes for Overhaul of Sempra Energy

      REUTERS Less than one year after nudging Sempra Energy into its largest acquisition ever , activist investor Paul Singer is urging the San Diego-based company to burn some fat. Singer’s Elliott Management, working alongside energy investment firm Blue­scape Resources, is pushing Sempra to replace six members of its 14-person board, according to a presentation the two released Monday...

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    4. Activist Shareholder Scores a wWin against Ugg Boots Maker

      Activist Shareholder Scores a wWin against Ugg Boots Maker

      Activist investor Mick McGuire — who has been struggling to get on the board of the company that makes Ugg boots — just got a foot plant. Influential proxy advisory firm ISS recommended late Wednesday that shareholders vote for three nominees to the board of Deckers Outdoor that have been put forward by McGuire’s hedge fund, Marcato Capital. “ISS’s recommendation validates our belief that change is needed on Deckers’ Board,” McGuire said in a statement Thursday...

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    5. Sony Says it Won’t Sell Struggling Movie, TV Businesses

      Sony Says it Won’t Sell Struggling Movie, TV Businesses

      Sony considers merging gaming and film divisions Sony Corp. said it won’t sell its struggling movie and TV business after a string of Hollywood flops including last year’s “Ghostbusters” helped fuel a a $1 billion writedown. Instead, Toyko execs said they aim to turn it around by adding sales channels and making more use of movie characters. “We believe in long-term upside potential for [Sony] Pictures,” Chief Financial Officer Kenichiro Yoshida said at a Thursday earnings briefing...

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      Mentions: CEO
    6. Axed High Times Exec ‘Looted’ the Company

      Axed High Times Exec ‘Looted’ the Company

      A media exec who claims he was fired for trying to get a marijuana magazine’s staff to behave professionally is being accused of siphoning $10 million in corporate cash on personal expenses. Last month, David Kohl sued Trans-High Corp. , which owns High Times magazine, alleging the board of directors was lazy and “ineffective” and canned him for trying to end the pot bible’s “inappropriate” culture...

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    7. Embattled Valeant CEO Admits to ‘Painful Learning Experience’

      Embattled Valeant CEO Admits to ‘Painful Learning Experience’

      Cutting ties with a controversial specialty pharmacy will hurt Valeant Pharmaceuticals International Inc in the short term, the company’s chief executive said on Tuesday. As of last week, Philidor Rx Services has stopped adjudicating insurance claims for drugs and it will cease operations by the end of January, Valeant Chief Executive Officer Mike Pearson said...

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      Mentions: CEO
    8. Wage Protesters Hit Activist Investors Conference

      Wage Protesters Hit Activist Investors Conference

      Two-dozen protesters entered the lion’s den to disrupt an activist investors conference in Midtown Manhattan on Monday.  Protesters from a group called “HedgeClippers” walked into the Crowne Plaza Hotel ballroom, on the second floor, at about 1 pm and started chanting “Bill Ackman, give me $15,” a reference to the restaurant workers’ demand for a minimum wage of $15 an hour...

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    1-24 of 27 1 2 »
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