#Activist Engine No. 1 wins third seat on Exxon board

#Activist Engine No. 1 wins third seat on Exxon board

“#Activist Engine No. 1 wins third seat on Exxon board” ExxonMobil shareholders elected a third director nominated by hedge fund Engine No. 1 to the oil company’s board, the company said on Wednesday, extending the new firm’s upset victory at one of America’s most iconic corporations. The election was a shock to an energy industry…

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#Elliott Management owns big Dropbox stake, holds discussions

#Elliott Management owns big Dropbox stake, holds discussions

“#Elliott Management owns big Dropbox stake, holds discussions” Activist investor Elliott Management owns a large stake in Dropbox and has been holding private discussions with the file-sharing service provider for some time, a source familiar with the matter said on Wednesday. The hedge fund owns a stake of more than 10 percent, which is valued at more than…

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#Dan Loeb’s hedge fund urges Intel to explore deal options

#Dan Loeb’s hedge fund urges Intel to explore deal options

“#Dan Loeb’s hedge fund urges Intel to explore deal options” Activist hedge fund Third Point is pushing Intel to explore strategic alternatives, including whether it should remain an integrated device manufacturer, according to a letter it sent to the chipmaker’s chairman on Tuesday that was reviewed by Reuters. Third Point CEO Daniel Loeb wrote to…

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#Investor Lonsdale breaks from Facebook to protest move to ‘authoritarian left’

#Investor Lonsdale breaks from Facebook to protest move to ‘authoritarian left’

“#Investor Lonsdale breaks from Facebook to protest move to ‘authoritarian left’” Joe Lonsdale is taking a break from Facebook to protest what he calls the social network’s capitulation to the “authoritarian left.” The 38-year-old Silicon Valley investor — a Stanford-educated protege of Peter Thiel and co-founder of data-mining giant Palantir — told The Post he’s…

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