Entries tagged "board changes"
Media General Inc. shareholders elected three directors nominated by dissident shareholders, Harbinger Capital Partners. The new directors include former broadcasting executive J. Daniel Sullivan, investment manager F. Jack Liebau Jr. and turnaround consultant Eugene I. Davis. ...
Activist investor Mark Wattles sent a letter to Circuit City Stores Inc. calling for the ouster of its chairman and chief executive officer Philip Schoonover and among other things, the hiring of a "nationally recognized investment bank" to evaluate interest from any potential buyers. ...
A settlement reached late Tuesday over the future of Dillard's Inc. is a mixed bag for both the activist investors seeking change and the management of the department store chain. Insurgent investor James Mitarotonda of Barington Capital Group LP and another fund, Clinton Group Inc., nominated a slate of four directors for the company's 12-person board. Although the retailer only agreed to one of his candidates and three other mutually agreed upon individuals, Mitarotonda agreed to call off his campaign. ...
Activist hedge fund Jana Partners LLC, which is embroiled in a proxy fight with Cnet Networks Inc., in a move to fuel its fire, devoted 38 pages in a white paper published on Tuesday on what the San Francisco online media company is doing wrong and what the fix may be....
Harbinger Capital Partners and Firebrand Partners LLC took the next step in their campaign for change at the New York Times Co. on Friday when they filed a proxy for company's shareholder meeting. The firms say the Times needs "bold action to adapt to the changing media landscape" that requires "fresh, independent leadership in the boardroom." The firms Class A nominees are New York University Stern School of Business professor and Firebrand founder Scott Galloway, middle market private equity investor James Kohlberg, venture capital investor Allen Morgan and Internet media entrepreneur Gregory Shove. The vote is April 22....
