All Articles from nypost -BoardProspects

Articles from nypost

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1. Larry Fink Shakes Big Bucks From Lefty Joe’s Environmental Social Governance
  
  Explore New York Post Oct 31 2021 BoardNews
  
  The revolving door between Washington and Wall Street always stirs passionate objections from progressive good-governance groups — except, it appears, when it involves corporate wokeism. For proof, all you need to do is unpack the Biden administration’s so-called Environmental Social Governance agenda and its ties to BlackRock , the world’s biggest money-management company headed by Larry Fink, which manages more than $9 trillion in assets...
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  Mentions: Investment Management Janet Yellen
2. Activist Hedge Fund Wants Macy’s to Mimic Rival Saks’ Online Strategy
  
  Explore New York Post Oct 15 2021 BoardNews
  
  An activist hedge fund that took a stake in Macy’s is is pushing the department-store giant to follow its upscale rival Saks Fifth Avenue’s online playbook, The Post has learned. In March, Saks separated its bricks-and-mortar business from its online division , with the latter becoming a new private company controlled by Saks whose value has exploded as demand for online luxury goods has boomed during the pandemic...
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  Mentions: Hedge Fund Whole Foods Goldman Sachs
3. Activist Investor Elliott Management Takes a Stake in Toshiba
  
  Explore New York Post Sep 30 2021 BoardNews
  
  Hedge fund Elliott Management said it has built a stake in troubled Japanese industrial conglomerate Toshiba, which is undertaking a strategic review amid pressure from other shareholders. Elliott, one of the world’s most powerful activist investors, which oversees some $48 billion in assets, said in a statement to Reuters it is now a “significant” investor in Toshiba...
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  Mentions: Management Hedge Fund KKR
4. Palantir CEO Alex Karp Raked in $1.1B in 2020, Among Highest Executive Pay in History
  
  Explore New York Post Jun 3 2021 BoardNews
  
  Long Island University president’s pay puts her near the top in nation The head of unprofitable data analytics company Palantir has become one of the highest-paid executives in history, raking in more than $1.1 billion in total compensation last year...
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  Mentions: Tesla Morgan Stanley Airbus
5. Paul Singer’s Giant Hedge Fund is Leaving NYC for Florida
  
  Explore New York Post Oct 22 2020 BoardNews
  
  Billionaire Paul Singer is about to become the latest snowbird of prey to fly out of New York City. The relentless activist investor — who lately has rattled cages at Twitter and AT&T, and who famously locked horns with the government of Argentina — is moving the headquarters of his $41 billion hedge fund Elliott Management to Florida...
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  Mentions: Management Hedge Fund Twitter
6. Wells Fargo CEO: ‘Limited pool of black talent to recruit from’
  
  Explore New York Post Sep 22 2020 BoardNews
  
  Wells Fargo chief executive Charles Scharf exasperated some black employees in a Zoom meeting this summer when he reiterated that the bank had trouble reaching diversity goals because there was not enough qualified minority talent, two participants told Reuters. He also made the assertion in a company-wide memo June 18 that announced diversity initiatives as nationwide protests broke out following the death of George Floyd , an unarmed African American man, in police custody...
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  Mentions: stock options Bank Comcast
7. Ackman’s Blank Check Company Raises IPO Target to $4 Billion
  
  Explore New York Post Jul 13 2020 BoardNews
  
  Pershing Square Tontine Holdings, the blank check company backed by billionaire investor Bill Ackman , has increased the size of its initial public offering by $1 billion to $4 billion, the largest ever IPO by a special purpose acquisition company, or SPAC. The firm plans to go public with 200 million units at $20 each, according to a regulatory filing on Monday. A SPAC uses IPO proceeds and borrowed funds to acquire a company, typically within two years...
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  Mentions: IPO Citigroup acquisition
8. Wall Street Bonus Forecast Not as Dire as in May
  
  Explore New York Post Jun 24 2020 BoardNews
  
  With the economy slowly bouncing back from coronavirus quarantines, Wall Street bonus season is shaping up to be less of a nightmare and more of a very bad dream. The latest survey by compensation consultant Johnson Associates predicts that financial services pay will be slashed by 15 percent to 20 percent in 2020 — a vast improvement from the 30 percent cuts the same survey predicted in mid-May . “We’ve dug halfway out of the hole,” the report’s author, Alan Johnson, told The Post...
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  Mentions: stock options Federal Reserve economy
9. Billionaire Investor Says Elizabeth Warren is Right, Ditches $16B Hedge Fund
  
  Explore New York Post Jun 24 2020 BoardNews
  
  A billionaire activist investor declared that “Elizabeth Warren is right” as he left the helm of his giant hedge fund to focus on environmental and social-impact investing. Jeffrey Ubben — a corporate cage-rattler who has prodded for change at behemoths including Microsoft, BP and Nintendo — said he is leaving his $16 billion hedge fund, ValueAct Capital , to start a new fund that’s more socially conscious...
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  Mentions: Hedge Fund KKR ValueAct Capital
10. The Average Hedge Fund Lost 6.7 Percent in 2018
  
  Explore New York Post Jan 4 2019 BoardNews
  
  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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  Mentions: Hedge Fund Goldman Sachs Greenlight Capital
11. Breaking News: Papa John's Board OKs 'Poison Pill' to Block Founder From Gaining Control
  
  Explore New York Post Jul 23 2018 BoardNews
  
  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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  Mentions: stake Papa John's Founder
12. Elliott Management Pushes for Overhaul of Sempra Energy
  
  Explore New York Post Jun 12 2018 BoardNews
  
  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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  Mentions: Investment Management acquisition
13. Activist Shareholder Scores a wWin against Ugg Boots Maker
  
  Explore New York Post Dec 7 2017 BoardNews
  
  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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  Mentions: Proxy Advisory Hedge Fund Deckers
14. SeaWorld Chairman May be Voted off the Board
  
  Explore New York Post Jun 15 2017 BoardNews
  
  David D’Alessandro failed to win a majority of votes cast at the theme park’s annual meeting Wednesday, a source told The Post, effectively setting the stage for his exit from the helm of the board...
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  Mentions: Board Chair Annual Meeting stock options
15. Sony Says it Won’t Sell Struggling Movie, TV Businesses
  
  Explore New York Post Feb 2 2017 BoardNews
  
  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
16. Axed High Times Exec ‘Looted’ the Company
  
  Explore New York Post Nov 6 2016 BoardNews
  
  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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  Mentions: Board of Directors
17. Ackman’s Holdings Plummet Thanks to Valeant, Herbalife
  
  Explore New York Post Jul 20 2016 BoardNews
  
  “Of course our performance to date is a negative number — negative 14 percent in the private funds and negative 18 percent in Pershing Square Holdings,” the activist investor clarified later on the call. Despite the overall weak performance of the ...
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  Mentions: activist investors
18. Time Warner’s Loyal Investors Would Support Sale of Company
  
  Explore New York Post Jan 10 2016 BoardNews
  
  It’s not just activist shareholders who want to see big changes at Time Warner. Two of the New York media giant’s largest longtime investors are also running out of patience and would support a sale of all or parts of the company, The Post has learned. Last week, Time Warner Chief Executive Jeff Bewkes met...
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  Mentions: activist investors
19. Embattled Valeant CEO Admits to ‘Painful Learning Experience’
  
  Explore New York Post Nov 10 2015 BoardNews
  
  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
20. World’s Biggest Banks to Borrow $1.2T to Avoid Another Collapse
  
  Explore New York Post Nov 10 2015 BoardNews
  
  The era of ‘Too Big to Fail’ is over — in just seven years. The world’s 30 biggest banks will have to borrow about $1.2 trillion from Wall Street investors in order to prevent the kind of financial implosion that came in 2008 in the wake of the collapse of investment bank Lehman Brothers. The...
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  Mentions: Dodd-Frank Investment Investors
21. DuPont Sales Down as Peltz Wages Battle
  
  Explore New York Post Apr 21 2015 BoardNews
  
  Chemical maker DuPont, which is locked in a proxy battle with activist investor Nelson Peltz, reported lower sales in all of its businesses and said a strong dollar would take...
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  Mentions: activist investors
22. Wage Protesters Hit Activist Investors Conference
  
  Explore New York Post Apr 14 2015 BoardNews
  
  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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  Mentions: activist investors Bill Ackman Investors
23. Ackman Leads With His Pen in Hostile Battle Against Allergan
  
  Explore New York Post Sep 10 2014 BoardBlogs
  
  Forget the courtroom. Bill Ackman likes to wage war in the boardroom. The hostile takeover battle between botox maker Allergan and its unwanted suitors, drug company Valeant Pharmaceuticals and top...
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  Mentions: hostile takeover human rights
24. Experts Weigh in on Icahn, Mickelson Probe
  
  Explore New York Post Aug 31 2014 BoardNews
  
  It’s a long, hot summer for billionaire investor Carl Icahn, golf legend Phil Mickelson and Las Vegas gambling hotshot William “Billy” Walters. The high-profile trio could face white-collar prison —...
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  Mentions: SEC
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