The funds accuse the Fox Corporation board of neglecting its responsibility to shareholders by leaving the company open to defamation lawsuits.
Category: Shareholder Rights and Activism
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How Short Seller Nathan Anderson Beat Carl Icahn “at His Own Game”
After a short seller targeted Icahn Enterprises, the activist investor made changes. At 87, he insists he’s not going anywhere and will refocus on rattling company cages.
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Shares of Carl Icahn’s Firm Tank After Dividend Is Cut
Bowing to pressure from a short seller, Mr. Icahn halved his company’s quarterly dividend and said he would return to the style of investing that made him famous.
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Luxury Goods Maker Kering Under Pressure After Executive Shake-Up
An activist investor is said to be pushing for change at the French conglomerate, which announced a sweeping reorganization of its top ranks this week.
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Several Executives of P.R. Firm Joele Frank to Start Own Firm
The business of advising companies on corporate crises is growing, and so is the number of firms specializing in it.
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Japan’s Stock Market Is Booming. Here’s Why.
The Japanese stock market is up nearly 30 percent this year, far ahead of the S&P 500, as firms bet that changes in how companies are run might just finally last.
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Netflix Shareholders Vote to Reject Executive Pay Packages
The vote, after the union representing striking writers urged opposition, can be overruled by the streaming giant’s board of directors.