An interview with Autodesk CEO Andrew Anagnost on settling the proxy fight with Starboard Value, serving the “design and make” workforce, US reshoring, and more
Andrew Edgecliffe-Johnson / Semafor :
Autodesk adds Jeff Epstein and Christie Simons to its board and settles the proxy fight with Starboard Value, which has criticized Autodesk for underperformance
Svea Herbst-Bayliss / Reuters :
Sources: activist investor Starboard Value plans to nominate a minority slate of director candidates at Autodesk ahead of the company's coming annual meeting
Lauren Thomas / Wall Street Journal :
Autodesk plans to cut about 1,350 employees, or ~9% of its workforce, as part of a focus on profitability following pressure from activist fund Starboard Value
- Actions ‘not the result of any third-party pressure,’ CEO says — Reductions to reshape sales process and allow AI investment
Sources: activist fund Starboard Value has taken a ~$500M stake in Autodesk and spoken to its board over concerns regarding a probe that led to its CFO's ouster
Rohan Goswami / CNBC :
Filing: activist investor Starboard Value built a 9% stake in Wix, which is struggling with losses since Q4 2021 and adopted a three-year cost-cutting program
Svea Herbst-Bayliss / Reuters :
Filing: Starboard Value has built a 9% stake in Wix, which has been struggling with losses since Q4 2021 and has adopted a three-year cost-cutting program
Starboard Value LP has built a 9% stake in website development platform Wix.com Ltd (WIX.O), the activist hedge fund disclosed in a regulatory filing on Friday.
A history of Marissa Mayer's tenure at Yahoo, and why her efforts haven't been enough to turn the company around
Yahoo's $8 Billion Black Hole — These moves haven't mollified investors. In March, Starboard Value, which once got the board of Darden Restaurants replaced by …
Activist investor Starboard names nine candidates to replace Yahoo's entire board, launching proxy fight
what you need to know in markets Chris Ciaccia / TheStreet.com : Starboard Value Joins Yahoo! Attack Todd Spangler / Variety : Yahoo Board Battle Is On: Activist Investor Starboard Nominates 9 Directo...