Articles about investors

Zuckerberg

Facebook investors yell at CEO: Get the Zuck out of our boardroom!

An activist shareholder proposal is calling for Facebook founder and CEO Mark Zuckerberg to give up his position as chairman of the board. The proposal [PDF], floated by online advocacy group SumOfUs and backed by a group of Facebook shareholders, requires Zuck to cede the position atop Facebook's board of directors to an …
Shaun Nichols, 7 Feb 2017
Get out the checkbook

Apple introduces new regime, hands more control to investors

Apple has introduced new rules to allow shareholders to nominate new board members, making it the latest company to cede greater control to investors. The "proxy access" bylaws, revealed in a regulatory filing, mean shareholders have greater power to oust directors and influence strategy. Under the new regime investors can …
Kat Hall, 23 Dec 2015

So why exactly are IT investors so utterly clueless?

Something for the Weekend, Sir? Are you thick or what? No, really, how else can you explain why you invest vast sums of money on daft schemes that nobody wants? Long-time readers of this column may remember my little Tech City adventure a while back, in which I managed 2,000 sq ft of chic hipster office floorspace in the heart of London’s so-called "silicon …
Alistair Dabbs, 27 Nov 2015

Autonomy 'poisoned the well' for businesses seeking VC cash

HP's ill-fated Autonomy acquisition has 'poisoned the well' for other enterprise search outfits seeking an injection of venture capitalist cash, Patrick White, the head of start-up Synata, has said. Not surprisingly, Synata itself is working in the enterprise search space and has so far raised $1.5m (£1m) dollars in seed …
Kat Hall, 7 Oct 2015
Yelp search

Yelp whelps yelp 'Help!' Chairman ejects, shares plunge 30%, losses grow

Yelp is in full crisis mode as the upstart's chairman is out – and its stock continues to free fall. The reviews website, headquartered in San Francisco's startup land, announced on Wednesday that a modest $2.7m profit in the second quarter of 2014 had turned into a loss of $1.3m in the second quarter of 2015. This is despite …
Shaun Nichols, 29 Jul 2015
Dell logo in crosshairs

Judge says some top Dell shareholders are plum out of luck in share buyout beef

Dell has successfully whittled away at a lawsuit brought against it by major shareholders who think Michael Dell's 2013 buyout of the firm came with too small a price tag. In a Monday ruling, the Delaware Chancery Court found that five large institutional investors were ineligible to participate in the suit because the way in …
Neil McAllister, 13 Jul 2015

Tech titans lob $25m at 'social' business Change.org

Petition platform Change.org has raised $25m from a range of tech luminaries, including Bill Gates and Twitter co-founder Evan Williams. The website, which calls itself a “social enterprise” but is not a non-profit, said it had raised the funds to help mobile development of the site and help users to create more localised …
AOL logos

Yahoo! dumps! thing! that! made! it! Yahoo! and! told! to! bed! AOL!

A hedge fund is urging Yahoo! to form a "strategic combination" with fellow internet dinosaur AOL – just as Yahoo! announced it was killing off its founding feature, created about 20 years ago. In an open letter to Yahoo! CEO Marissa Mayer, investment house Starboard Value asked her to consider making a number of moves it …
Shaun Nichols, 27 Sep 2014

Apple stuns world with rare SEVEN-way split: What does that mean?

Apple surprised Wall Street on Wednesday by announcing the most aggressive stock split in its history – and just a month after Google executed its first-ever split. The iPhone maker's seven-for-one split, due to take place on June 6, will see the fruity firm issue six new shares of common stock for each share currently in …
Neil McAllister, 24 Apr 2014

Investors on Microsoft: What, Ballmer, leaving? Hand me my wallet

Two Microsoft investors have upped their stakes in the firm ahead of the exit of chief executive Steve Ballmer, who announced his retirement a few months ago. Highfields Capital said in a regulatory filing first spotted by Reuters that it now holds six times the number of shares it used to, having increased its stake during Q3 …

Twitter IPO rumour-gasm latest: Sugar daddies told to not flog shares just yet

Twitter's bankers have already been making calls to early investors in the website's fast-approaching IPO, asking them to sign a 180-day lock-up agreement by this afternoon. An email from lead underwriter Goldman Sachs, seen by Reuters, has asked existing backers to sign and return the form, which will forbid them from selling …

Redmond cash splash follows mobile hash

Microsoft has decided to fling handfuls of cash at its shareholders, in the form of a 22 percent increase in its quarterly dividend, and renewing its $US40 billion share buyback program. The decision comes as Microsoft seeks a replacement for outgoing CEO Steve Ballmer, and seeks to digest its $US7 billion acquisition of its …
gavel_judgment_channel

Court hearing on Icahn's Dell buyout block set for Friday

Carl Icahn's attempt to get the courts to intervene speedily in Michael Dell's bid to take the firm private has been delayed until Friday. The Delaware Court of Chancery has scheduled a conference for Friday on Icahn's request for an expedited hearing in the case. The activist investor wants the court to stop Dell from …

Steve Jobs' 'spaceship' threatened by massive cost overruns

Comment It appears that the late Steve Jobs' dream of new "spaceship" Apple headquarters is going to cost far more than the $3bn originally planned – that is, if it gets built at all. That price tag has ballooned to $5bn, Bloomberg reported on Thursday, citing "five people close to the project who were not authorized to speak on the …
Rik Myslewski, 4 Apr 2013
The Register breaking news

iPrefs-seeking shareholder Einhorn drops Apple lawsuit

David Einhorn and his hedge fund Greenlight Capital have dropped their lawsuit against Apple. Einhorn had sued to block a vote at Apple's investor meeting, held this Wednesday, that would have forced a shareholder vote on the issuance of higher-dividend preferred shares. Einhorn is promoting the idea of that class of shares, …
Rik Myslewski, 1 Mar 2013
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

'Disturbed' Dell investors could tank private buyout

According to reports, Dell's largest independent shareholder, Southeastern Asset Management, is not keen on the $24.4bn buyout bid, and it's not the only one. Sources whispered to Reuters that Southeastern and other investors think the deal undervalues their shares at $13.65 each and were hoping for more like $20 a share. …
The Register breaking news

Facebook shares hit all-time low

Facebook shares hit an all-time low in early trading today as the lock-out period ended for inside investors, freeing them to offload 270 million shares. The lock-out period, when inside investors are forbidden from trading their shares to give a recently public company a headstart, finished today, increasing the available …
The Register breaking news

Another investor pulls out of Habbo Hotel after grooming claims

Investors are pulling out of Finnish social networking firm Sulake and its teen-aimed website Habbo Hotel after revelations that Habbo was hosting illicit content. Private equity firm 3i announced today that it had left Sulake's board and was ditching its 16 per cent stake in Habbo Hotel, a social gaming network and online …

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