Mariah Summers
Herbalife CEO: Eventually We'll Be A Fortune 100 Company
During the company's second quarter earnings call, CEO Michael Johnson defended Herbalife's earnings miss and recent hiring of a government affairs official by sharing his grand vision for its future. The comments come a week after Bill Ackman's Herbalife presentation in New York at which he vehemently insisted the company was a giant pyramid scheme.
Mariah Summers
Darden Chairman And CEO Will Step Down As Red Lobster Sale Closes
Darden Restaurants announced late Monday that CEO Clarence Otis will be stepping down after 10 years with the fast casual dining giant. His departure follows the company's sale of Red Lobster to private equity firm Golden Gate Capital.
Mariah Summers
Hedge Fund Hopes To Blend Up A New Strategy For Jamba Juice
Engaged Capital has taken a 7% stake in Jamba Juice, which it believes is struggling to quell money losses from investments in "non-core" products, a tepid international response, and a failing New York City strategy.
Mariah Summers
The 10 Most WTF Moments Of Bill Ackman's Herbalife Presentation
Today, billionaire hedge fund manager Bill Ackman of Pershing Square Capital gave a three-and-a-half-hour presentation about Herbalife, the company he has a $1 billion short position in, and which he's spent $50 million to date trying to take down. Things got... weird.
Mariah Summers
8 Basic Steps To Rejecting A Hostile Takeover Offer
On the heels of Time Warner's rejection of an unsolicited takeover bid from Rupert Murdoch's 21st Century Fox, here's a look at how companies politely tell potential buyers to get lost.
Mariah Summers
How The Media Covers Hedge Fund Divorces
Entitled Wives, hidden assets, who gets the big house and other common themes in hedge fund divorces.
Mariah Summers
How One Hedge Fund's Cupcake Addiction Could Have Cost It As Much As A Million Dollars
Cannell Capital in April doubled its stake in Crumb Bake Shop to more than a million shares, despite nearly all signs pointing to the company's ultimate demise. Earlier this week, the cupcake giant said it was closing all of its stores and going out of business.
Mariah Summers
BMW Sells A Record 1 Million Cars In First Half Of 2014
The luxury vehicle group sold more cars in this year's first six months than any other half-year period in its history, breaking the 1 million mark with a nearly 7% year-over-year sales increase.
Mariah Summers
Hedge Fund Takes Control Of Owner Of JDate, Christian Mingle After Winning Proxy Battle
Osmium Partners has successfully removed four members of the Spark Networks board after a contentious battle.
Mariah Summers
Red Hot IPO Market On Track For Record Year
IPOs are booming, but they have been overshadowed by high-profile, headline-grabbing mergers and acquisitions.
Mariah Summers
CEO Pay Emerges As This Year's Hot Button Issue
Investor discontent for executive compensation packages has caught many corporate boards off guard, particularly since stock prices are generally up, experts say.
Mariah Summers
The Most Cold-Blooded Financial Death Notice Ever
This is pretty dehumanizing.
Mariah Summers
Darden Sees Profit Drop 35% After Red Lobster Sale Announcement
The parent company of Olive Garden and Red Lobster missed analyst earnings estimates for the fourth quarter. Executives, who are facing shareholder opposition to the $2.1 billion sale of Red Lobster, called fiscal 2014 "a year of transformation."
Mariah Summers
How The Owner Of JDate And Christian Mingle Lost At The Business Of Love
Spark Networks, owner of JDate, Christian Mingle, and other dating websites, is facing a fierce activist campaign by the hedge fund Osmium Partners, which is looking to unseat the board and force a sale of the troubled company.
Mariah Summers
9 Companies That Will Pay Most Of Your College Costs
Starbucks isn't the only company to offer to pay for most, if not all, of the tuition costs to send its employees to college. Here's a look at some other companies that offer to pay anywhere from $5,000 per year to 90% of tuition costs for their employees.
Mariah Summers
How Red Lobster Got Trapped Between Its Parent Company And Activist Investors
Darden says its sale last month of the seafood restaurant chain for $2.1 billion was full and fair. Activist investors say it was a scorched earth tactic meant to save the jobs of executives. A showdown is set for the company's annual meeting later this year.
Mariah Summers
Detroit Forces Hedge Fund Manager To Take Back His Goats
Mark Spitznagel, head of the $6 billion Universa Investments hedge fund, was forced by the city of Detroit to remove the 20 goats he had brought to graze in a blighted neighborhood. "The goats are gone."
Mariah Summers
Buffett Takes Another Shot At The Hedge Fund Industry
The Oracle of Omaha recently sent a letter to a San Francisco pension plan, advising the $20 billion fund not to invest in hedge funds. It's the latest development in Buffett's tenuous history with the hedge fund world.
Mariah Summers
"Uber For Investing" Startup Wealthfront Now Has $1 Billion In Assets
The leading automated financial advisory startup has rocketed up from $700 million in assets in February to cross the billion-dollar mark less than four months later, as its young demographic has continued to invest using the algorithm-based technology.
Mariah Summers
Where Exactly Is The Line For Insider Trading And Did Carl Icahn Cross It?
Everything you need to know to understand the insider trading investigation involving Carl Icahn, Phil Mickelson, and Billy Walters over suspicious trades of Clorox.
Mariah Summers
