Clash of the titans: Billionaire activist investors are putting pressure on top CEOs who were once thought untouchable
It's those steep stock price declines that activist investors are using as a wedge in an attempt to win over shareholders and pressure management teams into gaining board seats or other concessions.
But in reality, given that much of the year-long stock price slump was driven by fast-rising interest rates and a flight to non-tech quality among investors, the activist investors still face an uphill battle in winning over shareholders and management teams. for a seat on its board of directors last week.
At Salesforce, much of the criticism from investors has been towards high levels of stock based compensation and overpriced acquisitions, like their $28 billion buyout of Slack at the height of the COVID-19 pandemic. That's something that Elliott is likely to take aim at in its bid to help management stage a turnaround in the share price.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WSJ News Exclusive | Activist Takes Big Stake in SalesforceBreaking: Activist investor Elliott has a multibillion dollar investment in Salesforce, people familiar with the matter say, adding to pressure on the software firm
Read more »
Activist investor Elliott Management takes big stake in SalesforceActivist investor Elliott Management Corp. has made a multibillion-dollar investment in Salesforce Inc., according to people familiar with the matter, adding...
Read more »
Activist investor Elliott Management takes stake in Salesforce -WSJActivist investor Elliott Management Corp has made a multi-billion dollar investment in cloud-based software firm Salesforce Inc , the Wall Street Journal reported on Sunday, citing people familiar with the matter.
Read more »
Activist investor Elliott sets its sights on SalesforceWhat Elliott wants, it typically gets.
Read more »
Activist investor Elliott Management takes stake in Salesforce -sourcesActivist investor Elliott Management Corp has made a multi-billion dollar investment in cloud-based software firm Salesforce Inc , according to people familiar with the matter.
Read more »
Activist investor takes multibillion-dollar stake in Salesforce: reportActivist investors close in on Salesforce as Elliott Management reportedly snaps up a multibillion-dollar stake
Read more »