...he's a vulture - scavenging for whatever he can extract, without actually doing the company any service whatsoever...
(...where's the Vulture icon when you need one?)
Activist investor Paul Singer's Elliott Management is not shy about on taking on the world's biggest companies, and now it wants Samsung to bend to its will, splitting in two and paying shareholders an eye-watering $27bn. Elliott famously tried to seize an Argentinian war ship in its pursuit of a payout from the embattled …
Apple suffered for years with 'investor' Carl Ichan meddling with their affairs so perhaps it is a tad ironinc that another 'vulture' is taking aim at Samsung when they are reeling from the smartphone battery and exploding washing machines.
From my understanding of Korean economics getting Samsung to sell even one broker brick from a demolished building is virtualy impossible.
This will be worth watching but I fully expect it to fall flat on its head.
Forget it, the South Korean Government would never allow it and with North Korea on the rampage I'm not sure the US Gov would like it either as it would prefer to have strong SK companies to fund the buying of US arms.
Just be careful on train platforms Mr Elliot, you don't want to "accidentally slip" in front of a moving express or some other misfortune.
AC because you never heard it and I was never here.
This as we know is a short term financial gain for a long term loss and the possible collapse of a company. One of the biggest threats to the longevity of companies is the constant raiding the piggy bank to fund shareholder value and dividends at the cost of investment in products or manufacturing facilities to increase profitability. Just look at some of the great companies we have lost over the past few years through a lack of basic investment.
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