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    1. Neuberger Berman to Disclose Proxy Votes for 60-Plus Companies Ahead of Time

      Neuberger Berman to Disclose Proxy Votes for 60-Plus Companies Ahead of Time

      Investment manager Neuberger Berman will disclose ahead of time how it will vote its proxies for 60 or so companies before they hold their annual meetings. The move marks the second year that Neuberger is preannouncing its votes, both for and against corporate management, and explaining its voting rationale...

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    2. Carl Icahn Discloses a Stake in Bausch Health Stock. What It Means.

      Carl Icahn Discloses a Stake in Bausch Health Stock. What It Means.

      Carl Icahn, billionaire activist investor, disclosed a stake in Bausch Health. Victor J. Blue/Bloomberg Bausch Health stock got an added boost Friday after billionaire investor Carl Icahn disclosed a 7.8% stake in the pharmaceutical and medical device company. Shares advanced more than 6% in early trading Friday, pushing the stock above a 13-month high. In a regulatory filing, Icahn said he believes Bausch (ticker: BHC) shares are “undervalued” and that he may seek seats on Bausch’s board...

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    3. Dan Loeb Gives Intel Investors Reason to Hope in 2021

      Dan Loeb Gives Intel Investors Reason to Hope in 2021

      Third Point CEO Daniel Loeb David Paul Morris/Bloomberg After a tough year, Intel executives received one last 2020 surprise. It came in the form of a sharply worded letter this past week from activist investor Daniel Loeb. Loeb, CEO of hedge fund Third Point, laid out the need for change at the once pioneering chip maker...

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    4. Future Returns: Corporate Governance Reforms in Japan Draw Investors

      Future Returns: Corporate Governance Reforms in Japan Draw Investors

      Japan is a country of contradictions. Its bullet trains, advanced robotics, and kiosk culture are a model of efficiency, but businesses still rely on paper documents and fax machines. It’s home to some of the most innovative companies in the world, and yet it is the poster child of sluggish growth and an aging population...

       

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    5. Shareholders Tried to Combat Racial Inequality Through 48 Resolutions This Year. Here’s How Fund Companies Voted.

      Shareholders Tried to Combat Racial Inequality Through 48 Resolutions This Year. Here’s How Fund Companies Voted.

      Investors have been using shareholder resolutions to voice concerns and shape corporate practices to combat racial injustice. Fund companies, with their huge assets and meaningful stakes, can leverage their proxy votes to support these changes. Still, some are more supportive than others...

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    6. Twitter Stock Jumps After Board Stands Behind Jack Dorsey

      Twitter Stock Jumps After Board Stands Behind Jack Dorsey

      Jack Dorsey, chief executive officer of Twitter. Cole Burston/Bloomberg Twitter said in a filing with the Securities and Exchange Commission late Monday that the company’s board of directors had reviewed CEO Jack Dorsey’s leadership and will allow him to remain as top boss. Shares of Twitter (ticker: TWTR) rose nearly 6% to $41.79 early afternoon Tuesday...

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    7. The Number of Black Board Members Surged After George Floyd’s Death

      The Number of Black Board Members Surged After George Floyd’s Death

      The number of Black appointees to Russell 3000 corporate boards surged in the wake of George Floyd’s death and the racial justice movement that ensued, with Procter & Gamble,Pinterest, PepsiCo, Target, and UPSamong the companies that appointed Black directors, according to research that BoardProspects, a digital platform for companies to find board talent and C-suite executives, shared with Barron’s...

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    8. Crown Castle ‘Seems to Know There Is a Problem, but Refuses to Acknowledge It,’ Elliott Charges

      Crown Castle ‘Seems to Know There Is a Problem, but Refuses to Acknowledge It,’ Elliott Charges

      Crown said Monday it is “open to considering opportunities to create value.” Dreamstime Activist investor Elliott Management is ratcheting up the pressure on Crown Castle . The hedge fund disclosed a $1 billion stake in the Houston-based cell tower firm last month , arguing that Crown wasn’t getting proportional rewards for its hefty investment of time and money in its fiber-cable business...

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    9. The Battle for CoreLogic Is Heating Up

      The Battle for CoreLogic Is Heating Up

      Real-estate-data firm CoreLogic says a $65-per-share bid by Senator Investment Group and Cannae Holdings undervalues the company. Senator and Cannae are looking for a third investor to push the deal. Joe Raedle/Getty Images There has been a paucity of activist fights to track in 2020, but signs suggest that one of this year’s battles is shaping up to be a bruiser...

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    10. Activist Bets That Office Landlords Face a Tough Post-Covid Reset

      Activist Bets That Office Landlords Face a Tough Post-Covid Reset

      Get ready for an office real-estate reset. At least, that’s what activist investor Jonathan Litt of Land & Buildings , known for agitating for change at Taubman Centers and now-private Hudson’s Bay, expects. Litt has reportedly been betting against stocks of New York City office landlords now that expensive, densely populated urban centers have lost some luste r. “The genie is out of the bottle—you can’t put it back in,” Litt tells Barron’s , adding that he expects lower valuations and rents as owners navigate through the pandemic. “Stay alive until 2025,” he quips. Last week Litt ...

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    11. Activist Investors Join GameStop’s Board. What That Means for the Stock.

      Activist Investors Join GameStop’s Board. What That Means for the Stock.

      GameStop stock jumped Friday after the videogame retailer said that based on preliminary results , two nominees from an activist investor group were elected to its board of directors. Kurtis Wolf and Paul Evans, who were nominated by Hestia Capital Partners and Permit Capital Enterprise Fund, will join the company’s 10-person board. The group beneficially owns 7.3% of GameStop (ticker: GME) shares outstanding...

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    12. Warren Buffett Is Too Cautious; Berkshire Needs an Activist, Investor Says.

      Warren Buffett Is Too Cautious; Berkshire Needs an Activist, Investor Says.

      “Berkshire needs an activist,” says Bill Smead, the lead manager of the Smead Value fund, which counts Berkshire Hathaway among its top 10 holdings. Smead’s comments reflect the frustration of some Berkshire Hathaway shareholders who complain that CEO Warren Buffett has been too cautious during the recent market turmoil...

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    13. Boeing Hosts Annual Shareholders Meeting Monday. What to Expect.

      Boeing Hosts Annual Shareholders Meeting Monday. What to Expect.

      Boeing hosts its annual shareholder meeting on Monday. The timing is a little odd—the meeting comes before first-quarter numbers get reported on Wednesday . (Usually earnings come before annual meetings.) The meeting likely will generate some news and potentially some controversy. But the news won’t be about Covid-19 , the aerospace downturn , or the troubled 737 MAX . Those topics will have to wait until Wednesday...

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    14. SoftBank Says Moody’s Rating Is ‘Biased and Mistaken’

      SoftBank Says Moody’s Rating Is ‘Biased and Mistaken’

      Moody’s chopped its rating on SoftBank Group debt by two notches Wednesday. The move came as a surprise to the Japanese telecom giant, which responded by asking Moody’s to withdraw all of its ratings on the company , arguing that the ratings agency has “biased and mistaken views.” The spat comes at a surprising moment. SoftBank shares (ticker: SFTBY) have had a big run over the last few days, up 55% since Friday...

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    15. It’s Time for Nelson Peltz to Crack the Whip at Aurora Cannabis, Analyst Says

      It’s Time for Nelson Peltz to Crack the Whip at Aurora Cannabis, Analyst Says

      The early hours of the new trading year haven’t been any friendlier to Canadian cannabis stocks. Shares of all the biggest names, aside from Hexo , were down more than 4% just before 2 p.m. on Thursday. Aurora Cannabis stock (ticker: ACB) was down 6%, a bad start for a stock that’s shed 60% of its value in the past year...

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