poison pills

  • Hedge Funds

    Dan Loeb Loses For Winning For Losing

    Dan Loeb is probably feeling pretty good about himself right now. He made $700 million last year, a year in which his hedge funds were up 25%. And while his Dow foray hasn’t panned out quite yet, he managed to snag victory—total, unconditional, here’s a $10 million check for your troubles victory—from the jaws of […]

    / May 8, 2014 at 1:59 PM
  • sothebys1


    Sotheby’s Board Knows Even Less About Engaging With A Shareholder Than It Does About Contemporary Art: Third Point

    In response to the auction house’s adoption of a ‘poison pill,’ in response to this, the hedge fund issued the following statement:

    / Oct 4, 2013 at 4:02 PM
  • There are, like, twenty great photos of him wearing this outfit alone. The man is expressive.


    What Does Netflix’s Poison Pill Do To Carl Icahn?

    Are you not bored by corporate-raider battles? Netflix just adopted a poison pill in reaction to Carl Icahn’s acquisition of 9.98% of its stock and, of course it did, what else would it do? Just once I want to see a company say “actually you’re right, we’re hopeless, let’s sell this dog, highest bidder wins, […]

    / Nov 5, 2012 at 1:09 PM
  • Carl Icahn


    Carl Icahn’s CVR Energy Tactics Are Already Paying Off

    When a company does something that corporate-governance activists really don’t like, like adopting a poison pill, typically they announce that “the board decided unanimously to punch you in the face for your own good.” There’s some perception that, if they’re all in it together, the directors can’t be up to anything too unsavory. Forest Labs […]

    / Aug 28, 2012 at 4:30 PM

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