As investors wonder whether banks will be able to keep paying their dividends during the COVID-19 pandemic, JPMorgan Chase ( NYSE:JPM ) CEO Jamie Dimon has maintained that dividends are a "drop in the bucket" relative to his bank's total capital...
Leveraging its 5.2% stake in the company, activist investor Marathon Partners has opened a proxy fight with e.l.f. Beauty, Inc. ( NYSE:ELF ) , attempting to seat three new directors on its board...
Following last Friday's stinging criticism from the hedge funds that own a 7.2% stake in the company, GameStop(NYSE:GME) struck back yesterday with a letter to stockholders lambasting the activist investors...
Bloomin' Brands (NASDAQ:BLMN) has seen several ups and downs in recent months -- even before the coronavirus pandemic took hold of the economy -- as activist investor JANA Partners LLC made a bid to get Bloomin' to auction itself off in February. Though Bloomin', the parent company of Outback Steakhouse, Bonefish Grill, Carrabba's Italian Grill, and other restaurant brands, ultimately didn't put itself on the auction block, JANA Partners just managed to get two directors onto its board, raising the possibility it might try again in the future...
It's hardly a new complaint. Indeed, the headlines raging against shockingly big paychecks collected by United States CEOs have been regularly recirculated for years. This time, though, against a backdrop of consumers' concern over online privacy and frustration over lingering inequality, efforts from Walt Disney (NYSE:DIS) and Coca-Cola (NYSE:KO) shareholders have finally struck a receptive nerve that will incite actual change in how corporate chiefs are compensated. AT&T (NYSE:T) shareholders may be ready to jump on the bandwagon, too, after learning its CEO John Stankey received a 36% raise last year despite a string of ...
Two of the three private equity firms that caused sweeping changes at Bed Bath & Beyond(NASDAQ:BBBY) have firmly fixed their gaze on struggling deep-discount chain Big Lots(NYSE:BIG)...
The company's recovery faces major challenges in the face of intense competition. Lawrence Rothman, CFA Mar 15, 2020 at 3:11PM Newell Brands ( NASDAQ:NWL ) has had a rough few years with shareholders suffering the consequences. The stock is trading at just one-quarter of its value from three years ago. This comes after Newell completed an ill-advised $13 billion cash-and-stock acquisition of Jarden in 2016. Data by YCharts ...
eBay (NASDAQ:EBAY) has once again fallen under the gaze of Starboard Value. The activist hedge fund has put forward a minority slate of nominees for eBay's board of directors, according to a report in The Wall Street Journal...
The activist investor has no immediate plans to jettison his extremely successful investment in the burrito chain...
Canopy Growth (NYSE:CGC) announced today that it was making two major changes to its board of directors. Judy Schmeling, who currently sits on the Constellation Brands (NYSE:STZ) board of directors, will be stepping up as Canopy's new board chair while a senior marketing executive from Constellation, Jim Sabia, will be joining Canopy's board as well...
As Larry Culp, the CEO of General Electric ( NYSE:GE ) , nears the one-year mark of his tenure, he can probably sleep a little bit easier. Not because GE's stock has recovered -- it's down more than 65% over the last three years. And not because GE has suddenly started to outperform. Its Q2 revenue, adjusted earnings, and free cash flow all saw year-over-year declines...
An activist investor made a strong argument for walking away from Celgene, but will investors listen?...
Activist investor Dan Loeb was a key figure in pushing industrial conglomerate United Technologies ( NYSE:UTX ) to split into three independent entities. Now, he wants the company to go a step further and seek a buyer for one large unit...
Hedge funds Elliott Management and Starboard Value both have significant stakes in online marketplace eBay ( NASDAQ:EBAY ) , and both have similar ideas about how its management could succeed in unlocking value...
Activist investor Jonathan Litt of Land and Buildings Investment Management has been pushing for radical changes at department store conglomerate Hudson's Bay since mid-2017. Earlier this week, he renewed his attacks on the company's board and management. This time around, Litt is making his biggest demands yet...
For anyone who thinks that Starbucks ' ( NASDAQ:SBUX ) long growth arc has started to level out, there's a billionaire who disagrees, and he's putting his investors' money where his mouth is. Bill Ackman's hedge fund, Pershing Square, has taken a $900 million stake in the coffeehouse chain, and he sees the stock doubling in the next three years...
As Campbell Soup (NYSE: CPB) squares off against activist investor Daniel Loeb, it could turn out to be a very acrimonious battle. Fights for corporate control are rarely prim affairs, but will things get personal in this case? The New York Post says that, according to two unnamed sources, Loeb has "suggested" he has "damaging information" on descendants of a Campbell founder who are still involved in the business...
Investors in NorthStar Realty Europe ( NYSE:NRE ) woke up to news Tuesday morning that one of the company's largest investors is looking to shake things up at the company. Senvest Management, which owns 9.55% of NorthStar, is pushing the company's external advisor, Colony Capital ( NYSE:CLNY ) , to realize value at the undervalued European REIT, after years of a stagnating stock price...
Bill Ackman's high-profile missteps more recently have put a dent in Pershing Square Capital Management's returns, and investors in the hedge fund are apparently losing confidence in the billionaire investor's ability to bounce back from adversity. Post to Facebook Has Bill Ackman lost his touch?...
You might be surprised by the pay increases given to big pharma CEOs in 2017. The average pay increase for all U.S. workers last year was 3.1%, according to the Society for Human Resource Management...
As Netflix 's ( NASDAQ:NFLX ) blowout earnings showed, scale matters more than ever in the media industry. With distribution going increasingly over the top via the internet, companies will be able to scale their offerings globally. That has allowed huge tech companies from Silicon Valley to enter the content game . Amid these changes, increasingly huge distribution platforms need must-watch content...
Here's Where Things Went Wrong for Procter & Gamble in 2017 Markets Motley Fool You know you're having a bad year when your management team has to spend months beating back an activist investor attack on your business strategy. Procter & Gamble (NYSE: PG) narrowly won that particular battle in 2017. But the consumer products giant can't relax just yet. After all, the key shareholder complaints that fed the challenge -- and led to a shakeup on its board of directors -- are still present...
If the Buffalo Wild Wings ( NASDAQ:BWLD ) acquisition closes, activist shareholder Marcato Capital will reap an approximately 10% return on its investment in the the restaurant chain. Why would Marcato endorse the company's sale to Roark Capital and Arby's, and accept such a meager return for its efforts? In the following episode of Industry Focus: Consumer Goods , the team discusses the primary reason Marcato is happy to rake in its chips and move on. ..
