back to article Activist investor Elliot Management departs Citrix’s board

Citrix has announced the departure of a director and in so doing signified the business has probably turned a corner. The director in question, Jesse Cohn, is a partner at activist investor Elliot Management and became a board member after his firm acquired a stake in Citrix in 2015. At the time, Cohn said Elliot regarded …

  1. Ken Moorhouse Silver badge

    He has logged out...

    ...of his remote control session.

    1. TonyJ Silver badge

      Re: He has logged out...

      "He has logged out...

      ...of his remote desktop control session."

      FTFY

      Also... better than most users. To this day a lot of them don't get the difference between logging off and disconnecting :)

  2. Gene Cash Silver badge
    Flame

    Coronavirus has helped things along

    No, coronavirus would help things along if Cohn got it... And Carl Icahn too, while it's at it.

  3. oiseau Silver badge
    WTF?

    Investor?

    ... activist investor Elliot Management ...

    Activist?

    Investor?

    Yes, sure ...

    Elliot Management, property of professional crook Paul Elliot Singer, is nothing but a rogue private equity/hedge fund dedicated to the plunder of companies/countries in debt.

    Also known as vulture funds, they are an important element within what is sometimes referred to as shadow banking, the scourge of today's world economy as they mostly channel nameless money from obscure sources to finance their raids.

    Hmmm ...

    ICANN and the .org scandal, anyone?

    Would not be at all surprised.

    A kind description would be buyout kleptocrats but a more accurate one would be fundraising terrorist.

    ie: licenced white collar criminal that makes fortunes out of other people's misfortunes using the lax rules of today's international financial networks.

    Investor indeed ...

    O.

    1. HildyJ Silver badge
      FAIL

      Re: Investor?

      I can't agree more. Activist Investors are those pushing for corporate change not corporate stock prices.

      If Vulture Investors hits too close to El Reg's logo, call them by their old name - Corporate Raiders.

  4. Anonymous Coward
    Anonymous Coward

    Less innovation...

    The trouble with cutting back to your most profitable parts is (as was discovered when Beeching closed "unprofitable" railways) is that you don't have the niche features and products that attract customers. Citrix's core products are now a firewall that is a little cheaper than a proper Cisco job, and an enterprise version of what is basically RDP. So they are now just drawing in money, waiting for an Open Source alternative to be "good enough".

  5. Anonymous Coward
    Anonymous Coward

    And they did all that...

    ...by only making a few thousand redundancies. What heroes they are.

    A/C, natch.

    Bitter, natch.

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