Date | Title | Description |
05.11.2024 | Third US proxy advisory firm urges end of News Corp's dual-class voting structure | Sustainable Finance & ReportingCorporate Governance
ESG Investors
Boards
Shareholder Activism
Third US proxy advisory firm urges end of News Corp's dual-class voting structure
By Svea Herbst-BaylissNovember 5, 20246:34 PM UTCUpdated ago... |
28.10.2024 | Pfizer management looks to show turnaround as Starboard looms | Sustainable Finance & ReportingShareholder Activism
Corporate Structure
Commercial Strategy
Pfizer management looks to show turnaround as Starboard looms
By Michael ErmanOctober 28, 202410:10 AM UTCUpdated ago
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10.10.2024 | Starboard seeks probe after former Pfizer execs pull support for its campaign | Sustainable Finance & ReportingCorporate Governance
Shareholder Activism
Corporate Structure
Corporate Counsel
Starboard seeks probe after former Pfizer execs pull support for its campaign
By ReutersOctober 10, 20242:28 PM UTCUpdated ag... |
08.10.2024 | Activist Investors Shake Up Corporate Giants: A New Era of Accountability | In the world of finance, change is the only constant. Recently, two major players have found themselves in the crosshairs of activist investors. Pfizer, the pharmaceutical titan, and Match Group, the parent company of Tinder, are both facin... |
08.10.2024 | Tinder-parent Match names insider Steven Bailey as new CFO | :Match Group said on Monday Steven Bailey will take over as its new finance chief early next year, adding that the move underscores the company's focus on driving long-term strategic growth and strong cost discipline.
Bailey will replace in... |
07.10.2024 | Starboard Value takes $1 billion stake in Pfizer in activist push | Activist investor Starboard Value has taken a stake of about $1 billion in Pfizer Inc. and is seeking to spur a turnaround of the struggling pharmaceuticals giant, according to a person familiar with the matter.
Starboard has approached for... |
07.10.2024 | Wall Street falters on rising yields, geopolitical risks | Sustainable Finance & ReportingShareholder Activism
Wall Street falters on rising yields, geopolitical risks
By Lisa Pauline Mattackal and Pranav KashyapOctober 7, 20242:27 PM UTCUpdated ago
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07.09.2024 | US to propose Basel rule revisions this month, Bloomberg reports | Boards, Policy & RegulationRegulatory Oversight
US to propose Basel rule revisions this month, Bloomberg reports
By ReutersSeptember 7, 20242:44 AM UTCUpdated ago
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14.08.2024 | Starbucks’ Bold Move: Brian Niccol Takes the Helm Amidst Turbulent Waters | Starbucks has made waves with its recent appointment of Brian Niccol as CEO, a decision that has sent its stock soaring. This unexpected shift comes as the coffee giant grapples with significant challenges, including declining sales and mou... |
13.08.2024 | Starbucks Faces Pressure as Elliott Management Pushes for Change | Starbucks is brewing a storm. The coffee giant finds itself in the crosshairs of Elliott Management, an activist investor with a keen eye for change. Elliott is not just a shareholder; it’s a force demanding transformation. The firm wants J... |
13.08.2024 | Starbucks names Brian Niccol as CEO, replacing Laxman Narasimhan | Starbucks Corp has named Chipotle Mexican Grill Inc Chief Executive Officer Brian Niccol as the coffee chain’s new CEO and chairman, replacing Laxman Narasimhan after just over a year in the role.
Niccol starts his new role on September 9, ... |
12.08.2024 | Wall St mixed ahead of economic data; CPI in focus | Sustainable Finance & ReportingShareholder Activism
ADAS, AV & Safety
Supply Chain
Sustainable & EV Supply Chain
Wall St mixed ahead of economic data; CPI in focus
By Abigail SummervilleAugust 12, 20248:46 PM UTCUpdated ago
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12.08.2024 | Elliott seeks to install Cohn on Starbucks board, sources say | Sustainable Finance & ReportingCorporate Activism
Shareholder Activism
Elliott seeks to install Cohn on Starbucks board, sources say
By ReutersAugust 12, 20243:59 PM UTCUpdated ago
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06.08.2024 | Starboard urges Autodesk board to explore CEO change, cost cuts | Activist investor Starboard Value urged Autodesk's board to explore a CEO change and cost cuts on Tuesday, saying the design software maker has missed financial targets and underperformed the market for years under current leadership.
The m... |
02.07.2024 | Activists launch more campaigns, win fewer seats | figcaption>span]:font-sans" data-chromatic="ignore">
Shareholder activists launched a record 86 campaigns in the second quarter, driving the number of first-half campaigns to a record 147, Barclays says.
The big picture... |
25.06.2024 | Starboard presses for changes at Autodesk after accounting probe | :Activist investor Starboard Value is seeking operational and governance changes at Autodesk after losing a bid to appoint its nominees to the design software firm's board ahead of its annual meeting next month.
Starboard said in a letter o... |
17.06.2024 | Starboard Value takes about $500 million stake in Autodesk, WSJ reports | :Activist investor Starboard Value has bought a roughly $500 million stake in Autodesk and is pushing for changes at the design-software maker, the Wall Street Journal reported on Sunday, citing people familiar with the matter.
Starboard be... |
31.08.2023 | After layoffs, cost cuts and a price increase, Salesforce has exceeded a 30% profit margin — exactly what its activist investors wanted to see | Roy Rochlin
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Salesforce reported a 31.6% profit margin on Wednesday for its Q2 FY '24, raising annual guidance to 30%.
Activist investor Starboard Value last year called on Salesforce to up its profit margins.
A leaked plan said S... |
28.04.2023 | The inside story of how Salesforce went from gifting ultra-luxury cars to mass layoffs and a 'showdown' between co-CEOs | This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
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In late 2021, it looked as if Salesforce had reached what Marc Benioff might call "business nirvana."
Covid had launch... |
01.03.2023 | Leaked document lays out Salesforce's plan to hit over 30% margins, directing the company to 'run lean and mean' and stop 'using culture as an excuse' | Marc Benioff Business Insider/Salesforce This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
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An internal Salesforce business plan details how the company plans to get profit margin... |
24.02.2023 | Starboard Value wants Salesforce to hit over 30% profit margins, closer to Oracle and Microsoft. Salesforce is working on it, leaked draft of a planning document shows. | NICHOLAS KAMM/AFP via Getty Images
This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
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Activist investor Starboard Values wants Salesforce to grow its adjusted operating margins ab... |
25.01.2023 | More than 500 Salesforce employees wrote to execs demanding layoff answers. Read the leaked messages showing how management responded. | AP Photo/Eric Risberg This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
Salesforce leaders addressed "top questions from employees" in internal messages viewed by Insider.
The mes... |
25.01.2023 | Actor Matthew McConaughey and musician Will.i.am are often involved in company strategy discussions at Salesforce, report says | Matthew McConaughey and Will.i.am have taken part in corporate strategy discussions at Salesforce, the FT reported.
McConaughey has appeared in Salesforce ads, while Will.i.am's tech firm raised money from the software giant.
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25.01.2023 | Actor Matthew McConaughey and musician Will.i.am are often involved in company strategy discussions at Salesforce, report says | Matthew McConaughey speaks on stage at the Lincoln Centennial Celebration on April 20, 2022 in Los Angeles, California. Rich Polk/Getty Images
Matthew McConaughey and Will.i.am have taken part in corporate strategy discussions at Salesforce... |
24.01.2023 | Salesforce employees fear deeper cuts now that a second activist investor has a stake. Elliott, the world's most feared hedge fund, has confirmed it wants changes. | Elliott Management founder Paul Singer Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
Feared activist investor Elliott Management now has a multibillion-dollar position in S... |
23.01.2023 | Activists Focus on Salesforce, Seeing Potential for Higher Profits | The pressure is growing on Salesforce CEO Marc Benioff to take more-aggressive action to boost growth and profitability at the cloud-based software company. While it has reduced staff, there is a growing sense on the Street that Salesforce ... |
06.01.2023 | In leaked all-hands meeting, Marc Benioff tells Salesforce staffers to expect staggered rounds of layoffs — but didn't say who will be next | Salesforce's Marc Benioff. Jemal Countess / Stringer
This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
Salesforce CEO Marc Benioff held an all-hands Thursday discussing the company's ongoin... |
06.01.2023 | Salesforce CEO Marc Benioff dodged questions in a rambling 2-hour all-hands. Leaked messages show employees weren't pleased, and one executive even apologized for it later. | Salesforce co-CEO Marc Benioff Elijah Nouvelage/Reuters This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
Salesforce plans to cut 10% of its workforce, CEO Marc Benioff told employees Wedne... |
06.01.2023 | Salesforce tells some managers it has notified all laid off US employees — yet more cuts may be coming | Salesforce's Marc Benioff. NICHOLAS KAMM/AFP via Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
Salesforce plans to cut 10% of its workforce, co-CEO Marc Benioff told employ... |
05.01.2023 | In Salesforce layoffs, MuleSoft is hardest hit as the company cuts the first 1,000 employees of its planned 10% workforce reduction | Salesforce's Marc Benioff. YouTube/Salesforce This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
Salesforce plans to cut 10% of its workforce, co-CEO Marc Benioff told employees Wednesday.
M... |
13.12.2022 | Salesforce asked some managers to rank their lowest 10% of employees, insider says, as Benioff tells employees to expect 'changes' in a leaked all-hands meeting | Salesforce's Marc Benioff. Business Insider/Salesforce This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
Salesforce employees are bracing for another round of layoffs.
Some managers were as... |
12.12.2022 | In a leaked all-hands recording, Salesforce CEO Marc Benioff discussed executive departures and vowed again to try and win them back | Salesforce's Marc Benioff. AP Photo/Eric Risberg
This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
Salesforce is experiencing an executive exodus as co-CEO Bret Taylor and others resign.
Ma... |
09.12.2022 | Salesforce employees are bracing for more layoffs amid the company's major executive exodus | Salesforce employees told Insider they're bracing for another round of layoffs.
"People are afraid it could come at any point," one employee told Insider.
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Amid Salesforce's leadership shakeups, increasing pressure to... |
08.12.2022 | Salesforce has a succession crisis. Cofounder Marc Benioff is taking increasing control over the company — alienating his top lieutenants and dialing up pressure on employees. | This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
Salesforce is experiencing an executive exodus as co-CEO Bret Taylor and others resign.
Salesforce insiders attribute these exits to Marc B... |
08.12.2022 | Salesforce employees are bracing for more layoffs amid the company's major executive exodus | Salesforce's Marc Benioff. NICHOLAS KAMM/AFP via Getty Images
Salesforce employees told Insider they're bracing for another round of layoffs.
"People are afraid it could come at any point," one employee told Insider.
Read more abo... |
31.10.2022 | Israeli tech firm Wix under the gun after activist investor Starboard acquires stake
Into the Land: A Tale of Two Cities | Israeli entrepreneur Eyal Waldman told The Times of Israel in a 2017 interview before he sold the company he founded, Mellanox Technologies Ltd., to US semiconductor giant Nvidia Corp. for a massive $7 billion, that “once you become a big f... |
19.10.2022 | Starboard Value goes after 3 tech companies with cost-cutting axe | News that activist investor Starboard Value has its eyes on Salesforce landed with a bang this week. But the well-known investing group, fresh off of a bruising fight with Box, has a few other tech companies in its sights.
Starboard is taki... |
19.10.2022 | Activist investor Starboard targets Salesforce, Splunk | Activist investment firm Starboard Value now has stakes in Salesforce and Splunk, the firm revealed on Tuesday.
The New York-based firm published a presentation on its website about its position in both IT vendors and website development pl... |
18.10.2022 | Starboard Value reportedly taking ‘significant’ stake in Salesforce | Activist investor Starboard Value announced this morning that it was taking a “significant stake” in Salesforce, per CNBC. A presentation on Starboard’s website confirmed the firm’s interest in Salesforce, as well as Wix and Splunk.
The pre... |
08.06.2022 | A Web of Deceit? State Pension Funds and Non-Profit Foundations Investing in Activist Hedge Funds | Share
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The aims of activist hedge funds may seem harmless, even virtuous. But who are they really benefiting? Growing evidence suggests that the only true winners are the billionaires who run these funds.
So why are p... |
27.12.2021 | Activist investor Starboard Value targets GoDaddy after buying 6.5% stake
Show your support for our mission by joining our Cube Club and Cube Event Community of experts. Join the community that inclu... | The well-known activist investor firm Starboard Value LP is targeting the web services provider GoDaddy Inc. for a shakeup after acquiring a 6.5% stake in the company.
That’s according to a regulatory filing with the U.S. Securities and Exc... |
27.12.2021 | Starboard acquires $800 million stake in the world’s largest domain registrar GoDaddy | Hedge fund firm Starboard Value LP has purchased a 6.5% stake in GoDaddy worth about $800 million, according to a report by the Wall Street Journal, citing a regulatory filing with the U.S. Securities and Exchange Commission (SEC).
Starboa... |
09.09.2021 | Box wins proxy board battle with activist investor Starboard Value | A battle between Box and its majority shareholder Starboard Value over control of the board ended today when the company’s slate of directors easily defeated Starboard’s. It culminated months of maneuvering on both sides as they battled for... |
03.09.2021 | Starboard Issues Statement On Proxy Advisory Firm Recommendations | NEW YORK, Sept. 3, 2021 /PRNewswire/ -- Starboard Value LP (together with its affiliates, "Starboard" or "we"), one of the largest stockholders of Box, Inc. ("Box" or the "Company") (NYSE: BOX), with ... |
03.09.2021 | Box : Starboard Issues Statement On Proxy Advisory Firm Recommendations | NEW YORK, Sept. 3, 2021 /PRNewswire/ -- Starboard Value LP (together with its affiliates, "Starboard" or "we"), one of the largest stockholders of Box, Inc. ("Box" or the "Company") (NYSE: BOX), with ... |
30.08.2021 | Box : Starboard Delivers Open Letter to Box Stockholders | NEW YORK, Aug. 30, 2021 /PRNewswire/ -- Starboard Value LP (together with its affiliates, "Starboard" or "we"), one of the largest stockholders of Box, Inc. ("Box" or the "Company") (NYSE: BOX), with ... |
30.08.2021 | Starboard Delivers Open Letter to Box Stockholders | NEW YORK, Aug. 30, 2021 /PRNewswire/ -- Starboard Value LP (together with its affiliates, "Starboard" or "we"), one of the largest stockholders of Box, Inc. ("Box" or the "Company") (NYSE: BOX), with ... |
27.08.2021 | Box : Starboard Comments on Glass Lewis Report | NEW YORK, Aug. 27, 2021 /PRNewswire/ -- Starboard Value LP (together with its affiliates, "Starboard" or "we"), one of the largest stockholders of Box, Inc. ("Box" or the "Company") (NYSE: BOX), with ... |
27.08.2021 | Starboard Comments on Glass Lewis Report | NEW YORK, Aug. 27, 2021 /PRNewswire/ -- Starboard Value LP (together with its affiliates, "Starboard" or "we"), one of the largest stockholders of Box, Inc. ("Box" or the "Company") (NYSE: BOX), with ... |
24.08.2021 | Box : Starboard Comments on Box ISS Report | NEW YORK, Aug. 24, 2021 /PRNewswire/ -- Starboard Value LP (together with its affiliates, "Starboard" or "we"), one of the largest stockholders of Box, Inc. ("Box" or the "Company") (NYSE: BOX), with ... |
24.08.2021 | Starboard Comments on Box ISS Report | NEW YORK, Aug. 24, 2021 /PRNewswire/ -- Starboard Value LP (together with its affiliates, "Starboard" or "we"), one of the largest stockholders of Box, Inc. ("Box" or the "Company") (NYSE: BOX), with ... |
17.08.2021 | Starboard Issues Statement in Response to Recent Materials Published by Box | NEW YORK, Aug. 17, 2021 /PRNewswire/ -- Starboard Value LP (together with its affiliates, "Starboard" or "we"), one of the largest stockholders of Box, Inc. ("Box" or the "Company") (NYSE: BOX), with ... |
16.08.2021 | Box : Starboard Delivers Open Letter to Box Stockholders | NEW YORK, Aug. 16, 2021 /PRNewswire/ -- Starboard Value LP (together with its affiliates, "Starboard" or "we"), one of the largest stockholders of Box, Inc. ("Box" or the "Company") (NYSE: BOX), with ... |
16.08.2021 | Starboard Delivers Open Letter to Box Stockholders | NEW YORK, Aug. 16, 2021 /PRNewswire/ -- Starboard Value LP (together with its affiliates, "Starboard" or "we"), one of the largest stockholders of Box, Inc. ("Box" or the "Company") (NYSE: BOX), with ... |
12.08.2021 | Box reports earnings early to give shareholders time to review financials ahead of board vote | Box has been in an ongoing dispute with activist investors Starboard Value over control of the board, an argument that is expected to come to a head on September 9th at the annual shareholder meeting. In an effort to show shareholders that ... |
09.08.2021 | Box : Starboard Issues Detailed Investor Presentation On Box | NEW YORK, Aug. 9, 2021 /PRNewswire/ -- Starboard Value LP (together with its affiliates, "Starboard" or "we"), one of the largest stockholders of Box, Inc. ("Box" or the "Company") (NYSE: BOX), with a... |
17.05.2021 | How Private Equity Factors In To The Colonial Pipeline Hack | This is a preview of Deal Flow, Forbes’ daily newsletter about big buyouts, big mergers and the rest of Big Finance. Want a new edition in your inbox every afternoon? Subscribe here. |
04.05.2021 | Starboard Value puts Box on notice that it’s looking to take over board | Activist investor Starboard Value is clearly fed up with Box and it let the cloud content management know it in no uncertain terms in a letter published yesterday. The firm, which bought a 7.7% stake in Box two years ago, claims the company... |
03.09.2019 | Starboard Value takes 7.5% stake in Box | Starboard Value, LP revealed in an SEC Form 13D filing last week that it owns a 7.5% stake in Box, the cloud content management company.
It is probably not a coincidence that Starboard Value invests in companies whose stock has taken a bad ... |
01.03.2019 | Opposition to Bristol-Myers Squibb's $74 billion acquisition of Celgene could endanger the deal, and the whole situation is 'somewhat unprecedented' | Bristol-Myers Squibb CEO Giovanni Caforio is pictured. Opposition to Bristol-Myers' acquisition of Celgene has been growing over the last month. AP Photo/Pablo Martinez Monsivais
This story is available exclusively to Insider subscribers. B... |
28.02.2019 | Could institutional investors put the kibosh on the $74B Bristol-Celgene deal? | In particular, Wellington said the transaction asks BMS shareholders to accept too much risk while offering the company’s shares to Celgene shareholders at a price below their value. Moreover, the deal could be harder to execute than the co... |
27.04.2016 | Yahoo reaches deal with activist Starboard adding 4 people to board, including Starboard CEO | As Yahoo continues to weigh up acquisition offers, the company has announced that it’s reached a deal with activist investor Starboard, which had written one of its famous letters to the troubled Internet company calling for the whole board... |
24.03.2016 | Things are about to get ugly as activist investor wants to take over Yahoo’s entire board | Are you ready for a big fight over Yahoo’s control? Activist investor Starboard Value LP is really unhappy about Yahoo’s current state and wants everyone to know about it. In an open letter to shareholders, the activist hedge fund is saying... |
06.01.2016 | Shareholder presses Yahoo to change leadership, sell Internet biz | NEW YORK - New year, same old problems for Yahoo (YHOO).
A major shareholder in the beleaguered Internet company, activist investor Starboard Value, is demanding that Yahoo overhaul its leadership in a bid to energize growth.
In a letter to... |
06.01.2016 | Yahoo and Marissa Mayer under renewed pressure from activist investor Starboard Value | |
26.09.2014 | [Update] Sorry, But Could You Think Of A Worse Combination Than These Two Brands? | It looks like some folks want Yahoo to spend its Alibaba money on AOL (and, by extension, us.*)
As you’ve probably read elsewhere, activist investor Starboard Value, has sent an open letter to Marissa Mayer (Hi, potential new boss… Loved yo... |
26.09.2014 | Activist investor pushes Yahoo to buy AOL | SAN FRANCISCO - An activist investor is urging Yahoo (YHOO) to buy rival AOL (AOL) to give the long-struggling Internet companies a better chance to compete against Google (GOOG) and Facebook (FB) in the digital advertising market.
Jeffrey ... |
21.12.2011 | AOL’s media business is in trouble, says major investor | We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 - 28. Join AI and data leaders for insightful talks and exciting networking opportunities. Register today!
One of AOL’s largest shareholders, Starboard Valu... |
21.12.2011 | AOL’s media business is in trouble, says major investor | One of AOL’s largest shareholders, Starboard Value LP, has warned Chief Executive Tim Armstrong that his strategy of transforming the company into a media powerhouse isn’t working.
Over the past few years, AOL has attempted to shift away fr... |
- | Pfizer faces pressure as activist investor Starboard Value takes $1 billion stake | - |
- | Starboard urges GoDaddy to set ‘prudent’ guidance and offer specifics on cost savings | Activist investor Starboard Value sent a letter to GoDaddy management, urging it to continue moving “in the right direction” by providing more specific guidance on free cash flow expansion and margin improvements.
GoDaddy’s multiple is stil... |
- | Starboard Value’s Jeff Smith says Salesforce has ‘a lot more to go’ and can increase profitability | Salesforce has become more profitable after Starboard Value and other activists invested in the technology stock.
But one of those activist investors, Starboard CEO Jeff Smith, now says the company can get more efficient with its spending o... |
- | Activists are eyeing tech stocks ahead of expected M&A rebound after two-year lull | Tech, media and telecom deal volume peaked at $856 billion in 2021, and has since plummeted, dropping to $255 billion in 2023, according to PwC.
The start to 2024 has been more promising, and that’s likely to bring more activist investors i... |
- | Could institutional investors put the kibosh on the $74B Bristol-Celgene deal? | Two of the largest shareholders in Bristol-Myers Squibb have come out against the company’s plan to acquire Celgene, threatening to thwart the deal.
On Wednesday, Boston-based Wellington Management Co. – whose clients own 8 percent of New Y... |