Jeffrey Smith

Activist investor Jeffrey Smith and his fund Starboard Value has taken a stake in troubled pizza chain Papa John's Int'l, Inc. (NASDAQ: PZZA). What Happened Papa John's founder John Schnatter resigned as chairman in mid-2018 after stepping down as CEO in reaction to reports he used...

Shares of discount retailer Dollar Tree, Inc. (NASDAQ: DLTR) rose Monday following the news of involvement of activist investor Starboard Value. What Happened In order to unlock value, Dollar Tree has to explore strategic opportunities for its underperforming Family Dollar business and test...

The Sohn's Investment Conference brings together some of Wall Street's most notable hedge fund titans in support of a good cause. The event has raised more than $75 million globally over 20 years to fight pediatric cancer and other childhood diseases. As part of the event, hedge fund titans...

Monday was a busy day for the hedge fund sector as several notable firms issued public letters. Corvex Management To Williams' New Board Members Keith Meister's Corvex Management is one of the largest shareholders of Williams Companies Inc (NYSE: WMB). On Monday, the fund wrote a letter to Stephen...

Argus is positive on Advance Auto Parts, Inc. (NYSE: AAP)'s hiring of Tom Greco as CEO, as it thinks he "is the right executive for the job." The brokerage's analysts commented, "[H]e will deliver operating improvements that will be a catalyst for the shares." Argus maintains its Buy rating and $...

According to more than two dozen investors and current and former Yahoo! Inc. (NASDAQ: YHOO) employees, things started to quickly unravel for the company after CEO Marissa Mayer failed to keep her secret 2015 pledge to investors to limit the company’s spending. The Wall Street Journal’s...

The New York Post reported Wednesday evening that Verizon Communications Inc. (NYSE: VZ) is "one step closer" to acquiring Yahoo! Inc. (NASDAQ: YHOO)'s Internet properties. The New York Post, citing its sources, noted that Yahoo's recent agreement with activist investor and major shareholder...

Yahoo! Inc. (NASDAQ: YHOO) announced on Wednesday it has reached an agreement with activist investor and major shareholder Starboard Value. As part of the agreement, Yahoo will add four new independent members to its Board of Directors, including Jeff Smith, Starboard's CEO and Chief...

Shares of Macy's, Inc. (NYSE: M) were trading higher by more than 4 percent on Monday after Starboard Value, an activist investment firm and Macy's shareholder delivered a letter to the company. Jeffrey Smith, Starboard Value's Managing Member, wrote in the letter that the investment firm remains "...

There is a general Street perception that companies and managements fear activist investors or have a strong dislike toward the industry. However, according to Jeffrey Smith, founder CEO and CIO of Starboard Value LP, that's not always the case nor an accurate representation of the profession...

Activist hedge fund Starboard Value LP publicly urged Yahoo! Inc. (NASDAQ: YHOO) last September to merge its core business with AOL, Inc. (NYSE: AOL), something that it reiterated in January this year. However, the hedge fund isn't pressing for that merger anymore, even though it is engaged...

Shares of Darden Restaurants, Inc. (NYSE: DRI) are up more than 40 percent since October 2014, when the company's shareholders voted in favor of replacing the entire board with directors nominated by the hedge fund Starboard Value LP. Jeffrey Smith, Starboard Value founder, was on CNBC...