The airline has been under pressure from the hedge fund Elliott to replace its top management and make other changes to ...

The CEO announced in July that Southwest will drop open seating, in which passengers pick from empty seats after they board ...

which holds a $2 billion stake in the company. Elliott had suggested expanding Starbucks’ board and adding Jesse Cohn as a director, though they did not demand a CEO change. Additionally ...

SALESFORCE said it was buying data protection and management solutions provider Own for US$1.9 billion, the company’s second ...

Similarly, Elliott is known as a formidable negotiator, capable of extracting concessions and pushing out CEOs at companies such as Starbucks after amassing a heavy stake. Elliott has made no ...

Brian Niccol improved operations and innovated at Chipotle. Niccol may solve a key leadership issue for Starbucks. Starbucks is a more mature business, which may present challenges for Niccol.

This part of Niccol's resume may have attracted Starbucks to him. In recent weeks, activist investor Elliott Management bought a substantial stake in Starbucks as a struggling economy led to ...

Elliott Investment Management thought otherwise. As the insiders deliberated, the activist investor was accumulating a stake that made it one of Starbucks ... excited to take the challenge ...

Rachel Ruggeri, Starbucks’ chief financial officer who will be its interim CEO until Niccol officially takes the reins ... around. AP Elliott had built a $2 billion stake in Starbucks.

Starbucks rallied almost seven per cent the day reports first surfaced that Elliott was a big holder. The same data showed that two-thirds of the targets held their advances one year after Elliott’s ...

Starbucks had been under pressure from Elliott, which had built a $2 billion stake. The hedge fund had suggested Starbucks expand its board and make Elliott executive Jesse Cohn a director ...