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Time Warner
Latest Headlines
Latest Headlines
More board changes coming at Citi
As expected Richard Parsons will replace Win Bischoff as chairman of the Citi board. The move presages some huge changes on the board of Citi, which has been roundly criticized for Citi's long, painful slide to its current state. Parsons has already said he expects a lot of directors to resign (of
Who should lead Citi?
It didn't take long for the speculation game to start once Robert Rubin announced he would step off the Citi board. The view is that the government is pressing Citi to shake up its board and replace its chairman Win Bischoff, according to the New York Times . The leading candidate to become cha
Companies move to end consultant conflicts
Compensation issues aren't strictly in-scope from a Sarbanes-Oxley perspective, except perhaps when it comes to backdating of options. Of course, if the auditor were retained to give compensation
Activist hedge fund takes Goldman Sachs stake
Activist investor Barry Rosenstein has raised some brows by acquiring about 700,000 shares (about .02 percent) of Goldman Sachs, according to Financial News Online. It is possible that this is a passive investment. But Rosenstein has a reputation as an activist. He stood beside Carl
Icahn now getting glowing press
There was a day when Carl Icahn and his ilk were derided as greenmailers. Fortune puts it eloquently: "The rap on Icahn has been that he's a fast-buck artist who uses a limited bag of
ALSO NOTED: More on Citigroup and Pandit; Deutsche Asset management open for business in Kentucky; and much more...
Company News: > Deutsche Asset management open for business in Kentucky. Article >
Icahn praised by TW CEO
Activist hedge funds managers--the type that some still liken to raiders--and the management of their target companies really aren't all that far apart in the big picture. Here's a good example:
Icahn has new strategy for Time Warner
Carl Icahn isn't finished with Time Warner yet. He controls about 1.5 percent of the company, but that seems like it will only increase. In fact, he's starting a special fund to do one thing:
ALSO NOTED: Icahn raises stake in Time Warner; Private equity firms hang on to investments longer than some think; and much mor
Company News: > Icahn raises stake in Time Warner. Article > Icahn undecided on joining ImClone board.
Another hedge fund in battle for company
Carl Icahn vs. Time Warner got all the headlines, but it seems clear that more hedge funds versus management battles are being waged. In many ways, this all seems like a throwback to the 1980s. Of
