Activist hedge fund chief nominated to Fox board - 09/29/2015

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.

Share Feedback Post on LinkedIn Share Article

FPA Advertisment

Most Read

Top of the Agenda - Succession
Nasta among three nominated to Federated Hermes Funds

Mutual fund industry veteran Frank Nasta, who retired from JPMorgan's U.S. funds business in mid-2018, is among three new independents nominated to join the Federated Hermes ...

Top of the Agenda - Governance
Fund boards find diversity efforts pay off

Building and maintaining a diverse membership has become a top priority for many mutual fund boards in recent years, and new data shows this focus is ...

Top of the Agenda - Compensation
IDC: Fund directors see smaller pay increase in 2023

Total compensation paid to independent mutual fund directors in 2023 increased, though the difference was smaller than in the year prior, according to industry data obtained ...

Top of the Agenda - Succession
Putnam Funds names new chair, hires independent

The Putnam Funds board has new leadership and a new independent member following the retirement of Kenneth Leibler, who chaired the board for six years and ...