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

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.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Disney CEO Bob Iger Exits Apple’s Board As Two Companies Prepare To Launch Competing Streaming ServicesDisney CEO Bob Iger has departed Apple’s board of directors, as the two companies prepare to launch competing streaming services by DawnC331 DawnC331 Departed just after he left them with a very valuable two cents DawnC331 Goodbye Bob!! DawnC331 Goodbyes
Source: Forbes - 🏆 394. / 53 Read more »