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Top related persons:
Carl Icahn - 3 Icahn - 3 Illumina - 3 Charles Dadswell - 3 DeSouza - 3 John Thompson - 3 Andrew Teno - 3 Jay Flatley - 3
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Occidental Bengaluru New York New Jersey Illumina
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LinkedIn - 3 U.S . Federal Trade Commission - 3 Thomson - 3 Nasdaq - 2 Unilever Plc - 2 Unilever - 1

Search resuls for: "Management's Nelson Peltz"


6 mentions found


☆ Illumina CEO deSouza resigns after proxy battle with Icahn
  + stars: | 2023-06-12 | by ( ) www.reuters.com   time to read: +3 min
The Grail deal "has kept a lot of investors out of the stock" TD Cowen analyst Dan Brennan said. The company's shares have lost about 60% of their value since completing the Grail deal in 2021. Illumina shares closed at $200.53 on the Nasdaq on Friday. Icahn has said he wants former Illumina CEO Jay Flatley to return. He had secured more than twice the number of shareholder votes than his challenger received in the proxy vote, which could have given him enough legitimacy to hang on.
Persons: Francis deSouza, Carl Icahn, Icahn, Illumina, Charles Dadswell, DeSouza, deSouza's, Cowen, Dan Brennan, Francis, John Thompson, Andrew Teno, Jay Flatley, Vicki Hollub, Alan Jope, Management's Nelson Peltz, Lavanya, Caroline Humer, Michael Erman, Anirban Sen, Mark Porter, Marguerita Choy, Edwina Gibbs Organizations: Nasdaq, LinkedIn, Unilever Plc, U.S . Federal Trade Commission, Thomson Locations: Illumina, Occidental, Bengaluru, New York, New Jersey
☆ Illumina CEO deSouza resigns after battle with Icahn
  + stars: | 2023-06-11 | by ( ) www.reuters.com   time to read: +3 min
Analysts said they expect the company's shares to trade up on Monday morning after deSouza's resignation. The Grail deal "has kept a lot of investors out of the stock" TD Cowen analyst Dan Brennan said. The company's shares have lost about 60% of their value since completing the Grail deal in 2021. Illumina shares closed at $200.53 on the Nasdaq on Friday. Icahn has said he wants former Illumina CEO Jay Flatley to return.
Persons: Francis deSouza, Carl Icahn, Illumina, Charles Dadswell, DeSouza, Icahn, deSouza's, Cowen, Dan Brennan, Francis, John Thompson, Andrew Teno, Jay Flatley, Vicki Hollub, Alan Jope, Management's Nelson Peltz, Lavanya, Caroline Humer, Michael Erman, Anirban Sen, Jason Neely, Jan Harvey, Mark Porter, Marguerita Choy Organizations: Nasdaq, LinkedIn, Unilever Plc, U.S . Federal Trade Commission, Thomson Locations: Occidental, Bengaluru, New York, New Jersey
☆ Illumina CEO Francis DeSouza resigns after battle with Icahn
  + stars: | 2023-06-11 | by ( ) www.reuters.com   time to read: +2 min
June 11 (Reuters) - Illumina (ILMN.O) Chief Executive Officer Francis DeSouza stepped down on Sunday, the gene-sequencing machine maker said in a statement, ending a battle with activist investor Carl Icahn in which the company's chairman left the company earlier this year. Illumina said it named Senior Vice President and General Counsel Charles Dadswell as interim CEO. Icahn in a tweet said he is happy with the recent changes at Illumina and considers them a "very positive occurrence." Icahn has said he wants former Illumina CEO Jay Flatley to return. Vicki Hollub, for instance, remains Occidental Petroleum's (OXY.N) CEO after the company cut a deal with Icahn over board seats in 2020 and after Icahn cashed out two years later.
Persons: Francis DeSouza, Carl Icahn, Illumina, Charles Dadswell, DeSouza, Icahn, John Thompson, Andrew Teno, Jay Flatley, Vicki Hollub, Alan Jope, Management's Nelson Peltz, Lavanya, Caroline Humer, Anirban Sen, Jason Neely, Jan Harvey, Mark Porter Organizations: LinkedIn, Unilever, U.S . Federal Trade Commission, Thomson Locations: Occidental, Bengaluru, New York
☆ Nelson Peltz adds to Disney stake following share sale in Q1 - Bloomberg News
  + stars: | 2023-05-16 | by ( ) www.reuters.com   time to read: +1 min
May 15 (Reuters) - Trian Fund Management's Nelson Peltz, the activist investor who launched and then abandoned a proxy fight earlier this year at Walt Disney Co (DIS.N), has recently added to his stake in the company, Bloomberg News reported on Monday. Trian has purchased roughly 500,000 more shares since the end of March, giving it a total of 6.4 million, the report said, citing a person familiar with Peltz's holdings. The fund started the year with 9.4 million Disney shares, before cutting its stake by 34% by the end of March, according to the report. Walt Disney and Trian Fund Management did not immediately respond to Reuters' requests for comment. Reporting by Urvi Dugar in Bengaluru; Editing by Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.
☆ Wall Street activism is proving its influence on corporations. Just look at Disney's Bob Iger.
  + stars: | 2022-11-22 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +6 min
Investors are still digesting the news that Bob Iger will reprise his role as the chief executive of Disney. Bob Iger, CEO of Disney Charley Gallay/Stringer/Getty Images1. On Sunday, Disney announced legendary leader Bob Iger would return to his post as CEO and replace Bob Chapek, even though Chapek just months ago signed a contract extension. Disney stock had plunged 21% since Chapek's appointment in February 2020. As long as these headwinds batter the stock market, investors are likely not going to sit idly by and watch what they believe to be mismanagement by corporate leaders.
☆ Disney's Bob Iger shocker is the latest sign that Wall Street is calling the shots at major companies. Here are 3 other titans that have felt activist pressure this year.
  + stars: | 2022-11-21 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +5 min
Wall Street has increased its pressure on companies to get more efficient amid the ongoing stock market decline. Bob Iger's abrupt return to Disney as CEO this week is the latest example that investors are calling the shots. Corporate titans like Meta's Mark Zuckerberg and Alphabet's Sundar Pichai have not been immune to the pressure from Wall Street. Now, Disney is facing new pressure from Trian Fund Management's Nelson Peltz, according to the Wall Street Journal. These are three other companies that have faced pressure from investors recently as their stock prices suffer.
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