by David Drapkin | Aug 12, 2020 | CEO, Executive & Director Changes, General
DLTR has underperformed the market under the helm of CEO Gary Philbin Late last month Dollar Tree CEO and president Gary Philbin stepped down as CEO of the company. He’ll remain an “executive” thru September to help with the transition to new CEO...
by David Drapkin | Aug 4, 2020 | Executive & Director Changes, General, Governance
Last week, Walgreens Boots Alliance announced that Stefano Pessina will step down from the role of CEO. He will stay in his current position as the company commences a search for a new CEO, at which point he will transition into Executive Chairman. Pessina will...
by David Drapkin | Jul 29, 2020 | Compensation, Executive & Director Changes, Governance
Wells Fargo (WFC) announced Mike Santomassimo would become the bank’s new CFO. Santomassimo was most recently CFO at BNY Mellon (BK) and also previously worked at JP Morgan (JPM), where he held key leadership roles such as CFO of banking and CFO of securities...
by David Drapkin | Jul 23, 2020 | Environmental, ESG, Investing
This past week, Apple (AAPL) pledged to become carbon neutral across all aspects of its business by 2030. Since the announcement the stock is down slightly ~(2%), though performance this year has been solid, up over 31%. The corporate side of Apple was already...
by David Drapkin | Jul 21, 2020 | Activist, General, Investing
Last week, Elliott Management disclosed a $1B stake in the Houston-based communications REIT Crown Castle International Corp (CCI). The activist hedge fund believes Crown has significant room to improve, and that its current initiatives detract from shareholder value....
