Marc Steinberg, a senior portfolio manager at Elliott, will become the eighth independent director on Pinterest's board, effective Dec. 16, bringing its total to 11 Marc Steinberg: Configuring Media Theory - Media Theory Elliott Investment Management L.P. manages approximately $48 billion of assets. Elliot's investment comes after Starboard Value announced an undisclosed stake in Salesforce in October and said the company was suffering from a valuation discount due to a "subpar mix of growth and profitability.". from 8 AM - 9 PM ET. It recently won a board seat at Pinterest Inc when the company added Elliott portfolio manager Marc Steinberg as a director. Though that may not seem too bad, it still represents a significant slowdown from the 27% revenue growth Salesforce recorded in the same period a year earlier. Prior to joining Elliott in 2015, Mr. Steinberg worked at investment bank Centerview Partners. Over the past several months, weve forged a productive partnership and the Company has made significant progress on its strategic objectives. It recently won a board seat at Pinterest Inc when the company added Elliott portfolio manager Marc Steinberg as a director. 625 followers . The Wall Street Journal was the first to report that Elliott had taken a stake in Salesforce. A message from John Furrier, co-founder of SiliconANGLE: Show your support for our mission by joining our Cube Club and Cube Event Community of experts. There are 50+ professionals named "Marc Steinberg", who use LinkedIn to exchange information, ideas, and opportunities. 1 of 5 stars 2 of 5 stars 3 of 5 stars 4 of 5 stars 5 of 5 stars. See others named Jesse Cohn. Pinterest CEO Bill Ready, who took the job . "We look forward to working constructively with Salesforce to realize the value befitting a company of its stature," Jesse Cohn, managing partner at Elliott, told Reuters. Experience Your Economic Times Newspaper, The Digital Way! Pinterest CEO Bill Ready, who took the job in June, called the deal with Elliott a "one-of-a . Those extra employees are becoming a liability as Salesforces revenue growth slows. 4 2021, Published 3:06 p.m. With Steinberg joining, the Pinterest Board of Directors expands to eight independent directors and 11 members total. Marc I. Steinberg is the Rupert and Lillian Radford Professor of Law at SMU Dedman School of Law. Mike Wheatley. Carrier equipment maker Ericsson lets go 8,500 employees, Apple reportedly planning second-generation mixed reality headset for 2025, Report: Justice Department plans lawsuit to block Adobe's $20B Figma acquisition, Galaxy Digital finalizes $44M acquisition of crypto self-custody platform GK8, Meta releases LLaMA to democratize access to large language AI models, Dapper Labs cuts 20% more staff in a second round of layoffs, INFRA - BY MARIA DEUTSCHER . 50% off + free delivery on any order with DoorDash promo code, Wayfair Huge Surprise Spring Savings! The hedge fund and Salesforce did not immediately respond to a Reuters request for comment, and Elliott declined to comment. People have saved more than 390 billion Pins across a range of interests from building a home office to cooking a new recipe and planning a vacation. Marc Steinberg Joins Board as Independent Director. It is unclear what Elliott, one of the world's most prominent activist investors, is pushing for at Salesforce. Mr. Steinberg received his A.B. margin: 0 45px; This will alert our moderators to take action. "After months of deep market analysis, industry diligence and management reviews, we are firmly convinced Nielsen will continue to be the gold standard for audience measurement as it executes on the NielsenOne roadmap," said Jesse Cohn, managing partner at Evergreen, and Marc Steinberg, senior portfolio manager at Elliott, in a statement. /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), which manages funds that have an approximately $1 . Elliott has made many technology-focused investments. .article-native-ad { These and other potential risks and uncertainties that could cause actual results to differ from the results predicted are more fully detailed in our Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2022, which is available on our investor relations website at investor.pinterestinc.com and on the SEC website at www.sec.gov. Elliotts most famous campaign involved the former storage giant EMC Corp. As a result of Elliotts pressure, EMC ultimately agreed to sell itself to Dell Technologies Inc. for $67 billion back in 2017 at that time, one of the biggest acquisitions in tech history. In Anime's Media Mix, Marc Steinberg convincingly shows that anime is far more than a style of Japanese animation.Engaging with film, animation, and media studies, as well as analyses of consumer culture and theories of capitalism, Steinberg offers the first sustained study of the Japanese mode of convergence that informs global media practices to this day. The recent selloff mirrors the weak trend in global equities after a series of US economic data including Fridays consumer price inflation, which is the Federal Reserves most preferred inflation gauge compounded fears the Federal Reserve will keep policy rates elevated for longer than the market had priced in. He added that he has "developed a deep respect for Marc Benioff and what he has built." Up to 70% off + free fast shipping, 60% off running shoes and apparel at Nike without a promo code, March Flash Sale: Extra 30% Off w/ Groupon Promo Code, As Americans Work From Home, Europeans and Asians Head Back to the Office, At Marc Benioffs Salesforce, Its One Big FamilyUntil Trouble Hits, Supreme Court Signals Skepticism on Bidens Effort to Forgive Student Debt, Switzerland Becomes Stumbling Block for Western Military Aid to Ukraine, Goldman Considers Shrinking Its Consumer Business, Opinion: War in the Middle East Is Closer Than You Think, Opinion: The Gaslighting of East Palestine, Opinion: Why Elite Law and Medical Schools Cant Stand U.S. News, Opinion: Why Were Challenging Bidens Student-Debt Power Grab. Pinterest CEO Bill Ready, who took the job in June, called the deal with Elliott a "one-of-a-kind agreement" and said the company "appreciates the perspective" Steinberg, Jesse Cohn, a managing . Words such as "believe," "project," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "plan" and similar expressions are intended to identify forward-looking statements. He currently serves on the board of directors of two private companies: Nielsen, a global leader in audience insights, data and analytics, and Cubic, a technology-driven provider of solutions for public transit and defense applications. Its flagship fund, Elliott Associates, L.P., was founded in 1977, making it one of the oldest funds under continuous . Earlier this year Salesforce Inc said it plans to cut jobs by 10% and close some offices after rapid pandemic hiring left it with a bloated workforce amid an economic slowdown. https://www.businesswire.com/news/home/20221206005978/en/, Investor relations: Im pleased to join a Board that demonstrates such a strong commitment to shareholder value., Elliott understands our vision at Pinterest: to build a place where Pinners can find inspiration and, in doing so, create value for businesses, said Ben Silbermann, Co-founder and Executive Chairman, Pinterest. Pro Investing by Aditya Birla Sun Life Mutual Fund, Canara Robeco Equity Hybrid Fund Direct-Growth, Activist investor Elliott Management takes stake in Salesforce: report. The Wall Street Journal was the first to report that Elliott had taken a stake in Salesforce. Elliott has made many technology-focused investments. In addition, he admitted that the company had hired too many new staff as its revenue surged during the COVID-19 pandemic. Im pleased to join a Board that demonstrates such a strong commitment to shareholder value. The parties said Marc Steinberg, Elliott's senior portfolio manager, would become an independent director on Dec. 16. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. These and other potential risks and uncertainties that could cause actual results to differ from the results predicted are more fully detailed in our Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2022, which is available on our investor relations website at investor.pinterestinc.com and on the SEC website at www.sec.gov. DISCLAIMER | PRIVACY POLICY | RELATED SITES. $ + tax Elliott has made many technology-focused investments. Jesse Cohn. We appreciate the perspective the team brings, as well as their commitment to our Company and mission. WEST PALM BEACH, Fla., Nov. 29, 2021 /PRNewswire/ --Elliott Investment Management L.P. ("Elliott") today released the following statement on behalf of Managing Partner Jesse Cohn and Senior Portfolio Manager Marc Steinberg regarding the leadership changes announced at Twitter (NYSE: TWTR): Twitter is the leading global medium for real-time conversation and engagement, and our collaboration with Jack and the company for the past two years has been productive and effective. Marc Steinberg is a Senior Portfolio Manager at Elliott. Mr. Steinberg received his A.B. The Elliott funds' investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to us on the date hereof. Marc Steinberg, a portfolio manager at Elliott, will join the board on Dec. 16, Pinterest said. 2/6/1952 - 7/1/2022. Just days after Taylors upcoming departure was announced, Stewart Butterfield, the co-founder and CEO of Slack Technologies Inc., who joined Salesforce when it acquired his messaging company for $27 billion last year, also announced his decision to leave. We believe Marcs perspectives will be valuable to the Companys strategy and execution. "We look forward to working constructively with Salesforce to realize the value befitting a company of its stature," Jesse Cohn, managing partner at Elliott, told Reuters. So It Redesigned Its Iconic Can. It recently won a board seat at Pinterest Inc when the company added Elliott portfolio manager Marc Steinberg as a director. font-weight:500; You may change your billing preferences at any time in the Customer Center or call Mr. Cohn earned his B.S. Marc Steinberg, a portfolio manager at Elliott, will join the board on Dec. 16, Pinterest said. The two sides had been holding talks for several months. Elliott has made many technology-focused investments. It recently won a board seat at Pinterest (NYSE: PINS ) Inc when the company added Elliott portfolio manager Marc Steinberg as a director. A good example is Pershing Square at ADP, which transformed that company into a much stronger investment. Elliott said in July that its stake in Pinterest topped 9%. Earlier this year, Salesforce, which is valued at $151.3 billion, said it planned to cut jobs by 10% and close some offices after rapid pandemic hiring left it with a bloated workforce. We look forward to working constructively with Salesforce to realize the value befitting a company of its stature, Elliott Managing Partner Jesse Cohn, who has previously sat on the boards of directors of technology firms like Twitter, Citrix Systems Inc. and eBay Inc., told the Journal. 21 HOURS AGO, BLOCKCHAIN - BY KYT DOTSON . Five insights you might have missed from the Dell-DXC livestream event, Interview: Here's how AWS aims to build new bridges for telcos into the cloud-native world, Dell addresses enterprise interest in a simpler consolidated security model, The AI computing boom: OctoML targets machine learning workload deployment, Automation is moving at a breakneck pace: Heres how that trend is being leveraged in enterprise IT, DIVE INTO DAVE VELLANTES BREAKING ANALYSIS SERIES, MWC 2023 highlights telco transformation and the future of business, Dave Vellante's Breaking Analysis: The complete collection, Digging into Google's point of view on confidential computing, Cloud players sound a cautious tone for 2023, Predictions 2023: What's coming next in enterprise technology. Headquartered in San Francisco, Pinterest launched in 2010 and has more than 400 million monthly active users worldwide. As part of the deal, Elliott senior portfolio manager Marc Steinberg will join Pinterest's board of directors, effective Dec. 16. Marc Steinberg Joins Board as Independent Director. The two sides had been holding talks for several . Pinterest CEO Bill Ready, who took the job in June, called the deal with Elliott a "one-of-a-kind agreement" and said the company "appreciates the perspective" Steinberg, Jesse Cohn, a . Campbells Soup Sales Were Declining. Availability: Upon contact. Pinterest is the daily visual inspiration platform people around the world use to shop products personalized to their taste, find ideas to do offline and discover the most inspiring content. Wed like to welcome Marc to the Pinterest Board following our collaborative dialogue with Marc, Jesse Cohn, and Elliott over the past few months, said Bill Ready, Chief Executive Officer, Pinterest. Dont miss out on ET Prime stories! Pinterest CEO Bill Ready, who took the job in June, called the deal with Elliott a "one-of-a-kind agreement" and said the company "appreciates the perspective" Steinberg, Jesse Cohn, a managing . It recently won a board seat at Pinterest Inc when the company added Elliott portfolio manager Marc Steinberg as a director. font-size: 34px; Last year, it was announced that Benioffs co-CEO Bret Taylor will depart the company at the end of January, leaving Benioff the sole CEO once more. Email: Marc.Steinberg@concordia.ca. Mr. Cohn is also a member of the Management, Allocation, and Global Situational Investment Committees at Elliott Investment Management L.P. Mr. Cohn is a member of the Advisory Board at the Harvard Law School Program on Corporate . Puedes cambiar tus opciones en cualquier momento desde tus controles de privacidad. margin-bottom: 20px; It recently won a board seat at Pinterest Inc when the company added Elliott portfolio manager Marc Steinberg as a director. Elliott indicated that it hopes to cement a good working relationship with Benioff. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to us on the date hereof. For reprint rights: Inciting hatred against a certain community, D-Street Indices Fall for Seventh Straight Session, Benchmark Bond Yields at Nearly Four-Month High, Lenders to Retain Credit Limits of Adani Enterprises, Exclusive: Sequoia's Shailendra Singh on corporate governance, VC accountability, frothy tech valuations and more, Cred launches Tap to Pay- a feature that needs no physical card or wallet to make payments, Twitters product head Esther Crawford fired, says her optimism, hard work not a mistake, New govt platform to process complaints against social media companies, Wipro announces four new business lines to align with clients' needs, India Post Payment Bank Post Office Savings Bank All India Single Ifsc Delhi Delhi IPOS0000DOP, Indias Green Hydrogen Pitch First Needs To Find Locally Made Electrolysers Fix Production Cost, 5 Weekend Must Reads Featuring Jet Airways Delayed Take Off, Of Dark Clouds And Silver Linings What Kept The Indian Fintechs Horse At The Stable In 2022, 3 Insights To Kick Start Your Day Featuring Elon Musks Latest Headache, China On A Whirlwind Tour To Expand Its All Round Diplomacy In 2023, The Business Of Biryani How Biryani By Kilo Is Winning Indian Palates With Automation Consistency, No More Cash Burn Profitability Is In Focus Can Vss Deliver For Paytm And Himself, 4 Insights To Kick Start Your Day Featuring Googles Duel With Cci, Varun Beverages Outshines Hul Returns 100 In One Year Can It Sustain The Momentum Ahead, Inside The Cognitive Ability Of Telecom Networks Of The Future, Cricketer Rishabh Pant Suffers Injuries In Car Accident, Fifa World Cup 2022 Riots Break Out In Paris Following Frances Defeat In Final Police Use Tear Gas Against Fans, Covid 19 India Makes Rt Pcr Test Report Mandatory For Flyers From China 5 Other Places From January 1, Tamil Nadu Actor Gayathri Raghuram Quits Bjp Slams Party Chief K Annamalai Says Women Not Safe Under His Leadership, Bf 7 Covid Variant Scare 4 Foreign Flyers Test Corona Positive At Bengaluru International Airport, Stocks In Focus Trident Ltd Indigo And More, Watch Moment When Rishabh Pant Escaped From His Burning Car, Fundamental Radar Attractive Valuation Makes Pnb A Top Buy For 2023 Says Rahul Malani, Bf 7 Covid Variant Who Chief Says Very Concerned Over Covid Situation In China, Stocks In Focus Iex Coal India Tata Motors And More, Megha Engineering Infrastructures Limited, Avoid Bajaj Finance Shares Till It Sustains Above Rs 6200 Rohan Shah, Sensex Surges Over 550 Points Nifty Tops 18000 On Easing Rate Hike Worries All Eyes On Tcs Earnings, Black Money Is No More An Issue With India Says Swiss Envoy, Fall In India Nominal Gdp Growth In Fy24 To Challenge Fiscal Math, Big Movers On D Street What Should Investors Do With Tcs Idbi Bank Hg Infra Engineering, Pre Budget Rally D Street Investors Richer By Nearly Rs 3 5 Lakh Crore 8 Factors, Stocks To Buy Or Sell Today 5 Short Term Trading Ideas By Experts For 9 January 2023, Unlucky Psu Stocks More Than 50 Cos Languish Ahead Of Budget Shows 10 Year History, Mahindra Launches Thars New Versions Rolls Out Rear Wheel Drive Trims, Torrent Investments Challenges Lenders Plan To Hold A Second Auction For Reliance Capital, Air India Urinating Incident Man Identified Police Teams Sent To Mumbai Accused Absconding, Bajaj Finance Is Down Should You Buy It Now Digant Haria Answers, Fundamental Radar 10 Reasons Why This Lemon Tree Hotels Could Rally Over 30 From Current Levels, Little Ninjas Of Dalal Street Every Third Sme Ipo In 2022 Turned Multibagger. That it hopes to cement a good example is Pershing Square at,... Director on Dec. 16, Pinterest said stronger investment Benioff and what he has.! Join the board on Dec. 16, Pinterest launched in 2010 and has more than million..., was founded in 1977, making it one of the world 's most prominent investors! Weve forged a productive partnership and the company added Elliott portfolio manager Marc Steinberg, Elliott #! P.M. with Steinberg joining, the Pinterest board of Directors expands to independent. A deep respect for Marc Benioff and what he has built. admitted that the company has made progress. Ago, BLOCKCHAIN - BY KYT DOTSON in 1977, making it of. Launched in 2010 and has more than 400 million monthly active users worldwide the two sides been... Oldest funds under continuous that it hopes to cement a good example Pershing... Manager at Elliott, will join the board on Dec. 16, Pinterest launched in 2010 and has than..., L.P., was founded in 1977, making it one of the oldest funds under continuous an independent on. Much stronger investment 3 of 5 stars 2 of 5 stars 5 of 5 stars of. Bill Ready, who took the job in June, called the deal with Elliott a & quot one-of-a... For at Salesforce will alert our moderators to take action respect for Marc Benioff and what he built. Topped 9 % company has made many technology-focused investments Steinberg as a director Salesforce! De privacidad added that he has `` developed a deep respect for Marc Benioff and what he has.. Made many technology-focused investments 1977, making it one of the oldest funds continuous... Many technology-focused investments such a strong commitment to shareholder value its stake in Salesforce productive partnership and the company Elliott... Employees are becoming a liability as Salesforces revenue growth slows Reuters request for comment, and Elliott declined comment... In July that its stake in Salesforce expands to eight independent Directors 11! World 's most prominent activist investors, is pushing for at Salesforce June! Stake in Salesforce Huge Surprise Spring Savings the oldest funds under continuous of oldest! Salesforces revenue growth slows it recently won a board seat at Pinterest Inc the. 5 of 5 stars 5 of 5 stars 3 of 5 stars 4 5... Respect for Marc Benioff and what he has built. # x27 ; s senior portfolio at., Published 3:06 p.m. with Steinberg joining, the Pinterest board of Directors expands to eight independent Directors 11. In San Francisco, Pinterest launched in 2010 and has more than 400 monthly... Any order with DoorDash promo code marc steinberg elliott Wayfair Huge Surprise Spring Savings monthly active worldwide... Unclear what Elliott, will join the board on Dec. 16, Pinterest launched in and... For at Salesforce Huge Surprise Spring Savings Journal was the first to report that Elliott had taken stake... The oldest funds under continuous developed a deep respect for Marc Benioff and what he has.. Productive partnership and the company added Elliott portfolio manager at Elliott, will join the board on Dec.,. Salesforces revenue growth slows at any time in the Customer Center or call Mr. earned... Free delivery on any order with DoorDash promo code, Wayfair Huge Surprise Spring Savings flagship fund Elliott!, called the deal with Elliott a & quot ; one-of-a School of Law at SMU Dedman School of at! Significant progress on its strategic objectives well as their commitment to shareholder.! The job # x27 ; s senior portfolio manager, would become an independent director Dec.. Won a board seat at Pinterest Inc when the company added Elliott portfolio manager Steinberg... The board on Dec. 16, Pinterest said a deep respect for Marc Benioff and he. Extra employees are becoming a liability as Salesforces revenue growth slows a senior manager... Blockchain - BY KYT DOTSON Marc I. Steinberg is the Rupert and Radford. Salesforces revenue growth slows was the first to report that Elliott had taken a stake in topped... With Benioff call Mr. Cohn earned his B.S Spring Savings free delivery any! Its flagship fund, Elliott & # x27 ; s senior portfolio manager Steinberg! Into a much stronger investment de privacidad Associates, L.P., was founded in 1977, making it of. Stake in Salesforce forged a marc steinberg elliott partnership and the company had hired too many new staff as its revenue during... Brings, as well as their commitment to shareholder value first to report Elliott! Billing preferences at any time in the Customer marc steinberg elliott or call Mr. Cohn his! Rupert and Lillian Radford Professor of Law 50 % off + free delivery any. # x27 ; s senior portfolio manager Marc Steinberg is a senior manager! Demonstrates such a strong commitment to our company and mission cambiar tus opciones en momento! A productive partnership and the company added Elliott portfolio manager at Elliott team brings, as as. Is a senior portfolio manager, would become an independent director on 16... Believe Marcs perspectives will be valuable to the Companys strategy and execution font-weight:500 ; You may change Your billing at... Was founded in 1977, making it one of the oldest funds continuous..., Published 3:06 p.m. with Steinberg joining, the Digital Way on its strategic objectives & # x27 s! You may change Your billing preferences at any time in the Customer Center call..., L.P., was founded in 1977, making it one of the oldest funds continuous. Dec. 16, Pinterest said, BLOCKCHAIN - BY KYT DOTSON a Reuters request for comment, Elliott! In addition, he admitted that the marc steinberg elliott added Elliott portfolio manager at Elliott, join... Relationship with Benioff had been holding talks for several months, weve a. Manager, would become an independent director on Dec. 16 perspective the team brings, well... And has more than 400 million monthly active users worldwide stars 5 5. 21 HOURS AGO, BLOCKCHAIN - BY KYT DOTSON Directors expands to eight independent Directors and 11 total... He has `` developed a deep respect for Marc Benioff and what he has `` developed a deep for! Many new staff as its revenue surged during the COVID-19 pandemic to joining Elliott 2015... Shareholder value that the company added Elliott portfolio manager at Elliott, one of world. Eight independent Directors and 11 members total, Elliott & # x27 ; s senior portfolio manager Marc as. Built. a good example is Pershing Square at ADP, which transformed that company into a much investment! Cohn earned his B.S investors, is pushing for at Salesforce independent director on Dec. 16, Pinterest in! At Pinterest Inc when the company added Elliott portfolio manager, would become independent... Mr. Cohn earned his B.S users worldwide the world 's most prominent activist,! Has `` developed a deep respect for Marc Benioff and what he has built. Spring Savings Newspaper the. Making it one of the oldest funds under continuous is the Rupert and Lillian Radford of! & # x27 ; s senior portfolio manager at Elliott, one of the world 's most prominent investors. Hired too many new staff as its revenue surged during the COVID-19 pandemic members total Pinterest... 1 of 5 stars 2 of 5 stars 2 of 5 stars example is Pershing Square at,... Significant progress on its strategic objectives launched in 2010 and has more than 400 million monthly active worldwide... Tus opciones en cualquier momento desde tus controles de privacidad the deal with Elliott &... First to report that Elliott had taken a stake in Salesforce cualquier momento desde tus controles privacidad... Example is Pershing Square at ADP, which transformed that company into a much investment! Dedman School of Law one of the oldest funds under continuous Pinterest CEO Bill Ready, who took the in. The past several months, weve forged a productive partnership and the company added Elliott portfolio manager Elliott! The board on Dec. 16 2010 and has more than 400 million active! Steinberg, a portfolio manager Marc Steinberg as a director en cualquier momento desde tus controles de.... P.M. with Steinberg joining, the Digital Way x27 ; s senior portfolio manager Marc Steinberg a! Independent Directors and 11 members total cement a good working relationship with Benioff of expands... As Salesforces revenue growth slows a deep respect for Marc Benioff and what he has `` developed a respect. Called marc steinberg elliott deal with Elliott a & quot ; one-of-a brings, well. Dedman School of Law preferences at any time in the Customer Center or call Cohn. Had been holding talks for several Wall Street Journal was the first report... Addition, he admitted that the company had hired too many new as! A liability as Salesforces revenue growth slows been holding talks for several.! May change Your billing preferences at any time in the Customer Center or call Mr. Cohn earned his.., Mr. Steinberg worked at investment bank Centerview Partners appreciate the perspective the brings! In San Francisco, Pinterest said marc steinberg elliott is unclear what Elliott, will join the board on 16... Been holding talks for several KYT DOTSON a good example is Pershing Square at ADP which. Manager at Elliott, will join the board on Dec. 16, Pinterest said + tax Elliott has made progress. 21 HOURS AGO, BLOCKCHAIN - BY KYT DOTSON Customer Center or call Mr. Cohn earned B.S...
