In the Margins

Activist hedge fund chief nominated to Fox board

September 29, 2015

By The Wall Street Journal

21st Century Fox has nominated Jeffrey Ubben, ceo of activist hedge fund ValueAct Capital Management, to its board. The move is part of a larger agreement in which ValueAct said it would not launch a proxy fight or other hostile action against the company for the length of the board term. ValueAct currently owns 5.9% of 21st Century Fox's Class B voting stock Ubben will go up for election at Fox's annual shareholders' meeting later this year. Read the original story from The Wall Street Journal

 

 

Most Read

Top of the Agenda - Compensation
IDC study: Director pay up more than 5% in 2022

Independent mutual fund directors earned more in 2022 than they did in 2021, according to industry data obtained by Fund Board Views. The year-on-year increase—a median of ...