AT&T CEO’s rumored exit reportedly triggered activist hedge fund Elliott Management’s recent investment (T)
|09/16/2019||Posted by BusinessMediaguide.Com under General World News||
- 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 >>>