Elliott Management

Salesforce Inc., CRM 3.05% which pioneered cloud software to become one of the largest companies in technology, has hit a rough patch in recent months as slowing growth and employee turmoil damp enthusiasm about its business. Elliott didn’t publicly outline its specific hopes for Salesforce. Elliott Managing Partner Jesse Cohn said it is looking to “realize the value befitting a company of its stature.” Starboard, which invested in…

Jack Dorsey has touted the ideals of “decentralization” in everything from bitcoin to social media platforms.Photo: Joe Raedle (Getty Images)Twitter co-founder and ex-CEO Jack Dorsey has not had it easy the past few weeks. After being hounded on the internet by mobs of Elon Musk fans wanting his blood for what’s been presented in the so-called “Twitter Files,” Dorsey finally came out late Tuesday not to apologize for banning former President Donald Trump, but to apologize for ever even creating moderation tools in the…

Pinterest said it reached a deal with Elliott Management, the activist investment firm that has offered up ideas on how to improve operations at the image sharing and social media service company. Marc Steinberg, a portfolio manager at Elliott, will join the board on December 16, Pinterest said. The two sides had been holding talks for several months. Pinterest CEO Bill Ready, who took the job in June, called the deal with Elliott a "one-of-a-kind agreement" and said the company "appreciates the perspective" Steinberg,…

Pinterest Inc. is adding an executive from Elliott Management Corp. to its board of directors, part of a commitment the social-media company reached with the activist investor to help it grow. Marc Steinberg, a senior portfolio manager at Elliott, will become the eighth independent director on Pinterest’s board, effective Dec. 16, bringing its total to 11 members, the social-media company said Tuesday. It has also agreed to nominate Mr. Steinberg for re-election at its 2023 annual meeting for a term…

Marlboro maker Philip Morris has been under pressure from Elliott Management and other investors to sweeten its bid for Swedish Match. Photo: Steve Helber/Associated Press…

Activist investor Elliott Management Corp. has a large position in Cardinal Health Inc. CAH 1.59% and is seeking a handful of seats on the medical-products distributor’s board, according to people familiar with the matter. Elliott nominated five directors to the 11-person board roughly two weeks ago, before Cardinal abruptly replaced its chief executive last week, the people said. The Wall Street Journal…

Nielsen Holdings NLSN 21.18% PLC’s largest shareholder has reached a tentative agreement to support the $10 billion buyout of the TV ratings company by a consortium of private-equity firms, the company said. Nielsen said Tuesday it is postponing its shareholder vote on the buyout deal as the consortium, which is led by Elliott Management Corp.’s private-equity arm and Brookfield Asset Management Inc.,…

PayPal Holdings on Tuesday said activist investor Elliott Management has an over $2 billion stake in the fintech company and the firm raised its annual profit guidance. PayPal shares shot up nearly 12% after it also announced a slew of moves including appointing Blake Jorgensen as new chief financial officer and a $15 billion repurchase program. The fintech company has "an unmatched and industry-leading footprint across its payments businesses," said Jesse Cohn, a managing partner at Elliott, a day after the investment…

It seems Elliott Management wants Pinterest PINS 16.17% to move faster and, if it must, break some things.The activist investing firm is now the largest investor in the social-media company, according to a Thursday Wall Street Journal report, having built a stake of more than 9% in recent months. Elliott has historically urged radical change at companies it believes are highly undervalued. In 2020, it pushed for the departure of Twitter’s…

Activist investor Elliott Management Corp. has taken a big stake in Pinterest Inc., PINS -4.62% according to people familiar with the matter, as the once-hot social-media company grapples with a decline in users and other challenges.Elliott has told the company that it is the biggest investor in Pinterest, having built a stake of more than 9% in recent months—partly in common stock, one of the people said. The activist has been in discussions with Pinterest over the past…