Last edited Mon Sep 9, 2019, 02:20 PM - Edit history (1)
As a shareholder, I, along with all shareholders, can petition the board of directors to disclose the company's political activities. These shareholder proposals usually go nowhere, but this one might gain some traction.
WarnerMedia
Elliott Management Corporation
Website:
Elliottmgmt.com
Elliott Management Corporation is an American investment management firm. It is also the largest activist fund in the world.
It serves as the management affiliate of American hedge funds flagship Elliott Associates L.P. and Elliott International Limited. The Elliott Corporation was founded by
Paul Singer, who also serves as CEO of the management company, based in New York City. From inception, Elliott has generated for its investors a 14.6% net compound annual return, compared to 10.9% for the S&P 500 stock index, and now has more than US$34 billion in assets under management. As of the first quarter of 2015, Elliott's portfolio is worth over $8 billion. By 2009 "more than one-third of Elliott’s portfolio was concentrated in distressed securities, typically in the debt of bankrupt or near-bankrupt companies." Elliott has widely been described as a vulture fund.
AT&T
In September 2019. Elliott Management released a letter outlining what they call "a compelling value-creation opportunity" at AT&T. The activist investor announces it owns $3.2 billion of AT&T stock and says the company could be worth at least $60 per share.[65][66]
....
[65]
"AT&T Stock Soars After Activist Elliott Pushes For Breakup".
[65]
"AT&T shares jump after activist Elliott Management takes $3.2 billion stake".
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