A group of activist investors seeking to wrest control of Martin Shkreli’s pharmaceutical company failed miserably this week — with the “Pharma Bro” voting his shares from prison. But the battle is not over, and the investors now plan to seize Shkreli’s 44 percent stake in Phoenixus – the parent […]
Étiquette : activist investors
Jamie Dimon ignores his own advice about workers and shareholders
Jamie Dimon wants US companies to focus on their employees, communities and customers in addition to their stockholders — unless you’re talking about Dimon’s company, that is. JPMorgan Chase’s billionaire boss and board have rejected a call to turn the megabank into a so-called “public benefit corporation” that embraces “stakeholder […]
GameStop investor Ryan Cohen nets $300M profit as shares surge
The GameStop investor pushing for changes at the video-game retailer has netted himself a more than $300 million gain in less than six months. Chewy.com founder Ryan Cohen has snapped up some 9 million shares in the Texas-based chain since last August for an average price of about $8.40 apiece, […]