In the Margins

AllianceBernstein CEO ousted, board revamped

May 2, 2017

By The New York Times

AllianceBernstein Holding's CEO Peter Kraus has been ousted by the money manager’s controlling shareholder and six new members have been appointed to and nine members removed from the AllianceBernstein board. AB, an institutional fund manager rooted in a culture of active stock management, has seen investors take their money elsewhere in recent years despite efforts by Kraus to reverse the company’s fortunes. Read the original story from The New York Times.

 

 

Most Read

10 Things
10 Things...to read in summer 2024

It's the Summer Solstice, and that means that for most of us the sun is shining, temperatures are heating up, and longer days allow for pursuits ...

Top of the Agenda - Compensation
Fund board pay increases in 2023, MPI survey says

Independent mutual fund directors saw an increase in compensation in 2023, on average, although actual compensation levels and percentage adjustments in compensation continue to vary widely ...