Elliott Management Archives - CFO

Twitter CEO Survives Elliott Ax as Company Offers Concessions

Twitter CEO Survives Elliott Ax as Company Offers Concessions

Jack Dorsey has been serving as chief executive since founding the social media platform in 2006.

By Lauren Muskett | November 3, 2020

7-Eleven Parent to Buy Speedway for $21B

7-Eleven Parent to Buy Speedway for $21B

Elliott Management has been pushing for a sale of the gas station retail chain.

By Vincent Ryan | August 3, 2020

Twitter to Appoint Former Google CFO as Chairperson

Risk & Compliance

Twitter to Appoint Former Google CFO as Chairperson

The appointment comes three months after Elliott Management hedge fund pressed for the ouster of Twitter CEO Jack Dorsey.

By Lauren Muskett | June 3, 2020

Twitter Makes Deal With Activist Investor Elliott

Risk & Compliance

Twitter Makes Deal With Activist Investor Elliott

The agreement averts a battle over Twitter CEO Jack Dorsey's leadership but "lays the groundwork for eventually replacing" him.

By Matthew Heller | March 9, 2020

Activist Pushes for Removal of Twitter CEO

Activist Pushes for Removal of Twitter CEO

Twitter shares jumped on reports that Elliott Management is seeking to replace Jack Dorsey because he also runs Square.

By Matthew Heller | March 3, 2020

CFOs Dealt With a Record Number of Activist Investors in 2019

Investor Relations

CFOs Dealt With a Record Number of Activist Investors in 2019

A record 99 campaigns globally had an M&A-related thesis, accounting for about 47% of all the year's activity.

By Vincent Ryan | January 15, 2020

AT&T’s Three-Year Strategic Plan Appeases Activist Investor

AT&T’s Three-Year Strategic Plan Appeases Activist Investor

Amid pressure from Elliott Management, the telecom and media giant announced a plan to cut costs and pay down debt.

By Lauren Muskett | October 28, 2019

EBay CFO Schenkel Steps in After CEO Resigns

EBay CFO Schenkel Steps in After CEO Resigns

“In the past few weeks it became clear that I was not on the same page as my new board,” CEO Devin Wenig tweets.

By Matthew Heller | September 25, 2019

Elliott Management Discloses $3B Stake in AT&T

Elliott Management Discloses $3B Stake in AT&T

The activist investor believes AT&T is deeply undervalued, citing its "irreplaceable assets, enormous earnings power and an ability to win in key markets."

By Matthew Heller | September 9, 2019

Elliott to Buy Barnes & Noble

Elliott to Buy Barnes & Noble

After years of decline, the bookseller was sold for $476 million.

By Lauren Muskett | June 7, 2019

Activist Elliott Bets $1.3B on SAP Profit Growth

Activist Elliott Bets $1.3B on SAP Profit Growth

The German software giant has prioritized revenue growth but is now taking steps to boost the profitability of its cloud business.

By Matthew Heller | April 24, 2019

Activist Fund Urges ‘Immediate’ Change at eBay

Activist Fund Urges ‘Immediate’ Change at eBay

eBay's shares rose 6% after Elliott Management disclosed a 4% stake in the company and unveiled a plan to unlock strategic value.

By Matthew Heller | January 22, 2019

PE Firms Team Up to Buy Athenahealth for $5B

PE Firms Team Up to Buy Athenahealth for $5B

After a strategic review, healthcare IT firm Athenahealth agrees to become part of Veritas Capital's Virence Health unit.

By Matthew Heller | November 13, 2018

David Anderson Takes CFO Job at Nielsen

David Anderson Takes CFO Job at Nielsen

The finance veteran joins Nielsen as the media ratings firm faces pressure from activist investor Elliott Management to sell itself.

By Matthew Heller | September 5, 2018

Athenahealth CEO Resigns Amid Strategic Review

Athenahealth CEO Resigns Amid Strategic Review

A possible buyer is hedge fund Elliott Management, which made a hostile takeover offer last month for the healthcare technology company.

By Matthew Heller | June 6, 2018