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AT&T CEO’s rumored exit reportedly triggered activist hedge fund Elliott Management’s recent investment (T)

AT&T Shares

  • Activist hedge fund Elliott Management reportedly pursued its recent investment in AT&T after catching wind that CEO Randall Stephenson was making plans to leave the firm.
  • According to a new report from the Wall Street Journal, Elliott’s head of US Equity Activism Jesse Cohn told other investors that the firm wants a say in who will lead the telecommunications giant when Stephenson steps down.
  • The fund decided to go public with its investment after AT&T promoted John Stankey to president and chief operating officer, the WSJ reported.
  • Elliott unveiled its $3.2 billion stake in read more >>>

    Source:: BusinessInsider.Com