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

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Elliott Management announced its $3.2 billion stake in AT&T last week along with a 23-page report detailing concerns about the company's leadership.

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.

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.

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