1. Articles from New York Post

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    1. Activist Hedge Fund Wants Macy’s to Mimic Rival Saks’ Online Strategy

      Activist Hedge Fund Wants Macy’s to Mimic Rival Saks’ Online Strategy

      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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    2. Activist Investor Elliott Management Takes a Stake in Toshiba

      Activist Investor Elliott Management Takes a Stake in Toshiba

      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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    3. GE’s Immelt-Down: Harsh Light on in-the-Dark CEO’s Failure

      GE’s Immelt-Down: Harsh Light on in-the-Dark CEO’s Failure

      In March of 2017, Jeff Immelt was in his 16th year as CEO of General Electric and — at least in his head — he was remaking the iconic conglomerate into the very model of the modern industrial company. He was expanding the old — GE’s historic footprint in power and aviation — while embracing a new world of clean ­energy and software analytics...

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    4. Paul Singer’s Giant Hedge Fund is Leaving NYC for Florida

      Paul Singer’s Giant Hedge Fund is Leaving NYC for Florida

      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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    5. Wells Fargo CEO: ‘Limited pool of black talent to recruit from’

      Wells Fargo CEO: ‘Limited pool of black talent to recruit from’

      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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    6. BlackRock ‘intrudes’ on Office Romances

      BlackRock ‘intrudes’ on Office Romances

      If you work for Larry Fink, he ­really wants to know who you’re hooking up with. Fink, the voluble chief executive of BlackRock — the world’s largest money manager — recently “updated” his company’s dating policy. In the past, employees were on notice to tell HR anytime they had a romantic relationship with another employee, an understandable but intrusive part of corporate life in the era of ­#MeToo...

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    7. Ackman’s Blank Check Company Raises IPO Target to $4 Billion

      Ackman’s Blank Check Company Raises IPO Target to $4 Billion

      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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    8. Wall Street Bonus Forecast Not as Dire as in May

      Wall Street Bonus Forecast Not as Dire as in May

      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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    9. Billionaire Investor Says Elizabeth Warren is Right, Ditches $16B Hedge Fund

      Billionaire Investor Says Elizabeth Warren is Right, Ditches $16B Hedge Fund

      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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    10. 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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    11. 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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    1-24 of 68 1 2 3 »
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