Tag: Hedge funds

  • Nelson Peltz says the government should insure all bank deposits – at a price

    Trian’s co-founder told CNBC he’s been talking to elected officials about expanding the deposit insurance program, which is currently capped at $250,000 per account. The change would entail paying insurance premiums to the Federal Reserve. “You would have money pouring in here from all over the world. People would feel safe,” Peltz said. Nelson Peltz […]

  • Union Pacific CEO steps down as hedge fund pushes for change

    A GE AC4400CW diesel-electric locomotive in Union Pacific livery is seen near Union Station in Los Angeles, California September 15, 2022. Bing Guan | Reuters US rail operator Union Pacific said on Sunday it expects to appoint a successor to take on the chief executive officer position to replace Lance Fritz in 2023. “Union Pacific […]

  • Hedge Fund seeks impeachment of Union Pacific CEO

    Hedge fund Soroban Capital Partners is pushing Union Pacific under pressure Corp. UNP 0.36% to replace Chief Executive Lance Fritz, arguing that the railroad has performed under his watch, according to a letter the fund sent to the railroad operator’s board on Sunday. Soroban is a longtime investor in Union Pacific, one of the company’s […]

  • Darktrace hires EY to review financial processes after short seller report

    Cybersecurity firm Darktrace said Monday that the accounting firm has appointed EY to review its “key financial processes and controls”. It comes after shortseller Quintessential Capital Management said in a report it was “deeply skeptical about the validity of Darktrace’s financial statements” and believed sales and growth rates may have been exaggerated. Darktrace’s chairman of […]