Category: Shareholder Rights and Activism

Carl Icahn’s Firm Faces Federal Inquiry

The billionaire activist investor’s company said that U.S. prosecutors had asked for information about its operations after a short seller’s report took aim at the way the firm is run.
Born in Asia but Based in Britain, HSBC Fights to Stay in One Piece

The global bank’s biggest shareholder, the giant Chinese insurer Ping An, wants HSBC to spin off its profitable Asian operation.
Carl Icahn, Activist Investor, Becomes Target of Short Seller

Hindenburg Research, which made its name by taking on Gautam Adani and the Twitter co-founder Jack Dorsey, likened Icahn Enterprises to “Ponzi-like economic structures.”
Disney Lays Off Ike Perlmutter, Chairman of Marvel Entertainment

The New York Times – Movies:
The move was part of a company cost-cutting campaign and came after Mr. Perlmutter was part of an unsuccessful attempt to shake up Disney’s board.
On Wall St., ‘Socially Responsible’ Is Common Sense. In Congress, It’s Political.

The New York Times – Business:
Lawmakers are trying to restrict these investment choices in workplace retirement plans, but big fund managers are trying to give shareholders a voice.
Happiness or Success? Salesforce’s Marc Benioff Doesn’t Want to Choose.

The New York Times – Business:
The chief executive, under pressure from activist investors, seeks to do well and do good — but his options are narrowing.
Activist Disney Investor Declares End to Battle for Board Seat

The New York Times – Business:
The move by Nelson Peltz came a day after the company’s C.E.O., Bob Iger, announced a restructuring that will cut $5.5 billion in costs and eliminate roughly 7,000 jobs.
Disney’s Iger Returns to Familiar Stage, but With Different Challenges

The New York Times – Travel:
The company reports quarterly earnings on Wednesday, and Wall Street is expecting it to lay out a new streaming strategy and operating structure.
Elliott Management, Activist Investor, Buys a Stake in Salesforce

The New York Times – Business:
Elliott Management, the $55 billion hedge fund, has taken a big stake in the struggling tech giant, putting more pressure on its co-founder, Marc Benioff.
Disney Says Investor Seeking Board Seat ‘Does Not Understand’ Company

The New York Times – Business:
In a security filing, Disney was harshly critical of Nelson Peltz, saying he had “no strategy, no operating initiatives, no new ideas and no plan.”
Apple Reaches Deal With Investors to Audit Its Labor Practices

The New York Times – Business:
The tech giant will assess its compliance with its official human rights policy, according to a federal filing.
Disney Pushes Back Against Nelson Peltz’s Quest for Board Seat

The New York Times – Business:
Nelson Peltz wants the company to revamp its streaming business and focus on increasing profits. Disney wants shareholders to vote against his effort to get a seat on the board.