1. Articles from wsj.com

  2. 97-120 of 231 « 1 2 3 4 5 6 7 8 9 10 »
    1. Activist Investor Targets Mall Operator Taubman Centers

      Activist Investor Targets Mall Operator Taubman Centers

      Activist investor Jonathan Litt’s hedge fund on Thursday escalated its battle with the management of mall operator Taubman Centers Inc., putting forth two candidates for election to the board at the firm’s annual meeting later this year. Land & Buildings Investment Management LLC, which owns approximately 1.2% of the real-estate investment trust, on Thursday sent a letter to shareholders recommending Charles Elson, a corporate... 

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    2. Rex Tillerson’s Work Outside of Boardroom Offers Clues to State Style

      Rex Tillerson’s Work Outside of Boardroom Offers Clues to State Style

      Rex Tillerson was a 16-year-old janitor at Oklahoma State University earning $1 an hour when his conversations with students working late on projects in the school’s labs put him on the path toward an engineering degree. “I think God put me in that electrical engineering building because I’d be there late in the evenings,” he told a group of students at Texas Tech University in 2015. “It’s funny how things take you where you’re...

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    3. SEC Commissioner Says Dodd-Frank Rules Not a Priority

      SEC Commissioner Says Dodd-Frank Rules Not a Priority

      WASHINGTON—The Securities and Exchange Commission’s sole Republican member said the SEC won’t prioritize any rules required by the Dodd-Frank financial law but could advance other measures when he likely becomes its acting chairman after President-elect Donald Trump takes office later this month. Speaking Friday at a conference in Washington, SEC Commissioner Michael Piwowar said he has met with fellow Commissioner Kara Stein about items that he could advance as the commission’s interim leader...

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    4. Sandell Won’t Seek Bob Evans Shareholder Vote

      Sandell Won’t Seek Bob Evans Shareholder Vote

      Activist investor Thomas Sandell’s firm is calling off its push for a shareholder vote to press Bob Evans Farms Inc. to split operations. On Tuesday, Sandell Asset Management Corp., which had been calling on Bob Evans to spin off its packaged-food business, said it was encouraged by Bob Evans’s disclosure on Monday, when it released second-quarter results, that it was working with J.P. Morgan to review options. “These...

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      Mentions: Management
    5. Chipotle Founder Says Company to Announce New Board Members

      Chipotle Founder Says Company to Announce New Board Members

      Chipotle Mexican Grill Inc. Co-Chief Executive Steve Ells told investors on Tuesday that the company plans to make an announcement soon about a new slate of board members. The burrito chain has struggled after a series of disease outbreaks last year and has come under the scrutiny of activist shareholder William Ackman. Mr. Ackman has been... 

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    6. Washington’s Not So Big Short

      Washington’s Not So Big Short

      The U.S. government has finally admitted in court what everyone else has known all along: Washington is not going to spot the next financial disaster before it occurs. In appealing their legal defeat to MetLife, the feds have been forced to acknowledge the false premise at the heart of the 2010 Dodd-Frank Act. Dodd-Frank created the Financial Stability Oversight Council, which is supposed to determine which firms are most likely to trigger a future crisis....

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    7. Icahn Snaps Up Falling Hertz Shares

      Icahn Snaps Up Falling Hertz Shares

      Investor Carl Icahn more than doubled his stake in Hertz Global Holdings Inc. on Tuesday, the same day the rental-car firm’s stock plunged in the wake of disappointing financial results and a lowered annual outlook. The activist investor swooped in to purchase 15 million shares, boosting his ownership in the car-rental company to more than a third. Hertz shares at one point earlier in the day had fallen 50%. Hertz shares...

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    8. Activist Paul Singer Expects Positive Change at Samsung

      Activist Paul Singer Expects Positive Change at Samsung

      LAGUNA BEACH, Calif.—Activist investor Paul Singer doesn’t think conflict is brewing with Samsung Electronics Co., one of the latest targets in his quest to push for changes that benefit shareholders. He said he is encouraged by Samsung’s public comments that leaders of the South Korean company are receptive to the ideas recently put forward by...

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    9. Morgan Stanley’s ‘High-Class’ Problem

      Morgan Stanley’s ‘High-Class’ Problem

      Morgan Stanley’s turnaround plans are on track. Shareholders, including activist investor ValueAct, should be pleased with the bank’s progress. Like other U.S. investment banks, it got a boost from strong trading activity in the third quarter. Fixed-income sales and trading revenue rose by 61% from a year earlier to $1.5 billion. This is especially encouraging because Morgan Stanley has made significant cuts to this business,...

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    10. Shareholder Activism Bolsters Knight Vinke’s Flagship Fund

      Shareholder Activism Bolsters Knight Vinke’s Flagship Fund

      Shareholder activism is on the rise in Europe. For one Monaco investor, it is paying off. Activist investor Knight Vinke Asset Management, boosted by a stake in a French electronics company that was engaged in a bidding war, posted a third-quarter return of 14.8% in its flagship fund. This took year-to-date returns to 49.6.%, according to an investor letter seen by The Wall Street Journal. The firm, under founder Eric Knight, manages... 

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    11. Longtime Activist Investor Ralph Whitworth Dies After Cancer Battle

      Longtime Activist Investor Ralph Whitworth Dies After Cancer Battle

      Ralph Whitworth, a leading pioneer in activist investing who sparked change at companies like Home Depot Inc. and Hewlett-Packard Co., died Thursday at the age of 60. A founder of Relational Investors LLC, Mr. Whitworth served on 11 U.S. corporate boards, including as a chairman at H-P. Over his career, he confronted some of the biggest corporate titans helping to oust CEOs such as Robert Nardelli from Home Depot, Gary Forsee of... 

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    12. Whipping Wells Fargo

      Whipping Wells Fargo

      Wells Fargo CEO John Stumpf learned the main lesson of post-Dodd-Frank American finance on Tuesday as he absorbed abuse from U.S. Senators. Bankers work for the government, and they better realize that any mistake will be punished accordingly. By now everyone knows that Warren Buffett’s favorite bank failed customers when employees at Wells opened accounts without customer authorization...

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      Mentions: CEO
    13. A Fitter Perrigo Is in Activists’ Interest

      A Fitter Perrigo Is in Activists’ Interest

      Activist investors have the facts on their side in a tussle with Perrigo,but they may want to sharpen their focus. The hedge fund Starboard Value has accumulated a 4.6% stake in the embattled drug company and is urging it to consider selling certain assets, which would reduce leverage and better streamline the company’s portfolio. Perrigo shares rose ...

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    97-120 of 231 « 1 2 3 4 5 6 7 8 9 10 »
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