Activist

Technology companies are ceaselessly promoting new AI products, but climate activist Sage Lennier says AI is useless, unsustainable and poses an existential problem for the industry. “Artificial intelligence is of no benefit to society,”…

Elliott Investment Management and Southwest Airlines Co. in discussing a potential settlement that would avoid a proxy battle for control of the airline's board, according to people familiar with the matter. Elliott proposed a framework…

The proxy battle between activist Starboard Value and pharmaceutical giant Pfizer has already taken a hostile turn. Anonymous sources have disparagingly suggested that Pfizer CEO Dr. Albert Bourla should be removed. After news reports…

(Reuters) - Activist investor Starboard Value has taken a stake worth about $1 billion Pfizer (NYSE:) wants the US pharmaceutical giant to make changes to turn around its performance, sources familiar with the matter said on…

Joe Hendrickson/iStock Editorial via Getty Images Portillo's Hot Dog Restaurant ChainNASDAQ:PTLO) Up 3% After a report that activist firm Engaged Capital has raised a stake of around 10% and is pushing for changes. The activist is…

Kevin Deitch/Getty Images News Update 9:05 PM: Elliott's confirmation adds. Activist firm Elliott Investment Management is preparing to launch a proxy battle in Southwest Airlines (NYSE: LUV). The prominent activist fund plans to…

(Reuters) - Activist investor Starboard has a stake of more than 6.5% in Tinder owner Match and is pushing for a potential sale if the turnaround attempts fail, the Wall Street Journal reported on Monday, citing people familiar with the…

Today marked the first public hearing of the court at the US Department of Justice. Case Against Samurai Wallet Developers William Lonergan Hill and Keyon Rodriguez since May 28, 2024, when Rodriguez appeared in court for the first hearing…

Disney (DIS) has successfully fended off activist investor Nelson Peltz in his quest to secure board seats at the company, officially ending a highly contested proxy battle that has plagued the entertainment giant and its CEO Bob Iger for…

By Svea Herbst-Bayliss and Dawn Chmielewski NEW YORK (Reuters) - Walt Disney (NYSE:) appeared to pull ahead of activist investors in the battle for board seats and the future of the global entertainment conglomerate, with more than half…