This week, investors’ attempt to oust the chairman of a giant sporting goods retailer in England were unsuccessful — again.
Surely, all the Skin So Soft couldn’t prevent the sting the Avon CEO must have felt when activist investors Barington Capital Group LP and NuOrion Partners AG called for her removal.
Last week, a Barnes & Noble activist investor with a “meaningful” stake in the company contacted the board of directors with the recommendation to sell itself. Upon the news that the bookseller might go private, its stock bumped up by 10 percent.
The Wall Street Journal reported in the early hours of Monday morning that activist Investor Trian Fund Management LP was ready to rumble with Proctor & Gamble Co. The prize? Securing a single board seat and shareholder vote for investor Nelson Patz. With a market value at $222 billion, P&G is the largest company to face a proxy fight.
Despite calls for “radical change” at Nestlé from activist investor Daniel Loeb’s Third Point hedge fund, the company’s new chief executive, Mark Schneider, is standing firm with the company’s own vision for growth.