Mariah Summers
John Oliver Makes An Olive Garden Commercial From Hedge Fund's Powerpoint Presentation
Starboard Value's meticulously detailed takedown of Olive Garden, which claims the restaurants gives away too many free breadsticks, overuses salad dressing, and doesn't salt the water before cooking its pasta, made it to Last Week Tonight With John Oliver.
Mariah Summers
Olive Garden Owner Defends Breadstick Strategy As Conveying "Italian Generosity"
Four days after an activist hedge fund released an eviscerating analysis on the state of Olive Garden restaurants, claiming it was giving away too many breadsticks and doesn't salt the water before cooking its pasta, among other things, parent company Darden responds.
Mariah Summers
16 Reasons One Hedge Fund Thinks Olive Garden Is Kind Of A Total Disaster
Boatloads of breadsticks, too much salad dressing, false wait times, excessively long asparagus, and other grievances of an activist hedge fund gunning for change at the pasta powerhouse.
Mariah Summers
Carl Icahn Seizes Three Seats On Hertz Board
The struggling car and equipment rental giant ceded three seats to the hedge fund titan just three days after its CEO stepped down.
Mariah Summers
What Went Wrong For Rosetta Stone
A second activist hedge fund has bought up a large stake in the struggling language-learning company. Here's why the two activists say change is needed — and fast.
Mariah Summers
Hertz CEO And Chairman Resigns
The car and equipment rental giant had faced pressure from a number of large activist investors to change its management in recent months.
Mariah Summers
Americans Went On A Car Buying Spree In August
Last month was the best month for car sales in the U.S. since January 2006, and the best August for car sales in more than a decade.
Mariah Summers
27 Dogs And Cats Who Could Be Your New Best Friend
It's time for Adoptapalooza 2014!
Mariah Summers
What Does An Activist Hedge Fund Want With Zynga?
Eminence Capital is known for buying stakes in companies with the intent of forcing a deal or change of control. But Zynga's stock ownership structure makes the success of such a play unlikely. So what is Eminence up to?
Mariah Summers
Investors In Olive Garden's Parent Company Have Suffered Long Enough Declares Hedge Fund As Annual Meeting Is Delayed
The parent company of Olive Garden, Longhorn Steakhouse and other fast casual dining chains delayed its annual shareholder meeting amid allegations it was giving different information out to different classes of investors regarding the sale of Red Lobster. Activist investor Starboard Capital isn't happy with the move.
Mariah Summers
How Cost-Cutting Can Lead To Job Creation, According To Bill Ackman
Bill Ackman likes to position himself as making investments that are "good for America," and while he admits that some of his 30 activist campaigns have cost jobs, he believes he is ultimately a job creator.
Mariah Summers
After Taking Control Of JDate's Parent Company, Activist Hedge Fund Sets Sights On Rosetta Stone
Osmium Partners, which just unseated the CEO and took control of the board of Spark Networks, the parent company of JDate.com and ChristianMingle.com, now holds a 10% stake in Rosetta Stone.
Mariah Summers
Anonymous Documents Sent To Hedge Fund Back PetSmart Into Likely Sale
Hedge fund Jana Partners, which has been pushing for a sale of the pet supply company citing poor financial performance in the last year, received anonymous documents that appear to have persuaded PetSmart into considering a deal. Competitor Petco or a private equity firm is looking to bid on the company.
Mariah Summers
Warren Buffett And Dan Loeb Are On Opposite Sides Of A Verizon Bet
Both powerhouse investors made big bets on Verizon in the first quarter, but Loeb has since sold out of his position in the telecommunications company while Buffett has added nearly 4 million shares to his stake.
Mariah Summers
Chief Executive Of JDate, Christian Mingle Parent Spark Networks Is Out
Spark Networks announced today its president and CEO Greg Liberman would step down after 10 years with the online dating company. The move comes one month after a hedge fund took control of the company.
Mariah Summers
Activist Hedge Fund Buys Large Stake In Struggling World Wrestling Entertainment
Eminence Capital disclosed Monday it had taken a 9.6% stake in World Wrestling Entertainment. Eminence last year waged a successful activist campaign to merge Men's Wearhouse and JoS. A. Bank.
Mariah Summers
The 5 Best And Worst Short-Selling Activists In The Game
A new database has tracked the biggest winners and losers in activist short-selling. Pershing Square's Bill Ackman, despite Herbalife, is one of the best; David Einhorn of Greenlight Capital, isn't.
Mariah Summers
Time Warner Chief Looks Toward Netflix Model For HBO GO
On the company's second-quarter earnings call, CEO Jeff Bewkes acknowledged that HBO GO has stiff competition in Netflix — and that the former will likely take a page from Netflix's book in the future.
Mariah Summers
Why The Craziest Annual Meeting Ever Could Go Down Next Month
A lame duck CEO, a swift sale of Red Lobster without shareholder approval, and two hedge funds out for the entire board should make the Darden annual meeting in Orlando next month quite the spectacle. So. Much. Drama.
Mariah Summers
The IPO Of Bill Ackman
The hedge fund titan's Pershing Square Capital is set to conduct an IPO later this year, but industry insiders are worried Ackman is sabotaging its potential success with his increasingly bizarre public behavior.
Mariah Summers
