2. Marc I. Steinberg is the Rupert and Lillian Radford Professor of Law at SMU Dedman School of Law. Prior to joining Elliott in 2015, Mr. Steinberg worked at investment bank Centerview Partners. Senior Portfolio Manager at Elliott Management Greenwich, Connecticut, United States. 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. 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 . Available on iOS and Android, and at pinterest.com. He added that he has "developed a deep respect for Marc Benioff and what he has built." 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. 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. "Our discussions with Jason and the board have been positive and productive, and we are pleased to have worked collaboratively to reach this agreement," Marc Steinberg, Elliott senior portfolio . There are 50+ professionals named "Marc Steinberg", who use LinkedIn to exchange information, ideas, and opportunities. You will be notified in advance of any changes in rate or terms. from Harvard College, from which he graduated magna cum laude and Phi Beta Kappa. 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. Marc Steinberg Joins Board as Independent Director. 625 followers . He is responsible for public and private equity investments across a range of industries, including the technology, media and . The two sides had been holding talks for several months. The two sides had been holding talks for several months. 22 HOURS AGO, [the voice of enterprise and emerging tech]. Available on iOS and Android, and at pinterest.com. color: #ddd; Mr. Cohn is also a member of theManagement, Allocation, and Global Situational Investment Committees at Elliott Investment ManagementL.P. Mr. Cohn is a member of the Advisory Board at the Harvard Law School Program onCorporate Governance. You may cancel your subscription at anytime by calling from Harvard College, from which he graduated magna cum laude and Phi Beta Kappa. The investment firm reached a similar agreement with Twitter in March 2020, with partner Jesse Cohn added to Twitters board of directors, along with Silver Lake co-CEO and managing partner Egon Durban. Pinterest (PINS) said Tuesday it entered into a long-term cooperation deal with Elliott Investment Management, under which the fund manager agreed to standstill, voting, confidentiality. Para obtener ms informacin sobre cmo utilizamos tus datos, consulta nuestra Poltica de privacidad y la Poltica de cookies. Join the community that includes Amazon Web Services and Amazon.com CEO Andy Jassy, Dell Technologies founder and CEO Michael Dell, Intel CEO Pat Gelsinger and many more luminaries and experts. Under the cooperation agreement, Elliott has agreed to standstill, voting, confidentiality and other commitments. According to regulatory filings, Elliott owns nearly 3% of common stock, making up a portion of its total stake of more than 9%. 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. Sign In. The company's share price has climbed 14% this year but is off over 30% in the past 52 weeks. Mike Wheatley. Jesse Cohn. Elliott Partner Jesse Cohn and Associate Portfolio Manager Marc Steinberg issued a statement commending Stephenson, Lead Director Matt Rose and the entire board and management team. By Dan Clarendon. DISCLAIMER | PRIVACY POLICY | RELATED SITES. Elliott, one of the world's busiest . "Our collaboration with Jack and the company for the past two years has been productive and effective," Mr. Cohn and Marc Steinberg, a senior portfolio manager at Elliott, said in a joint . With Steinberg joining, the Pinterest Board of Directors expands to eight independent directors and 11 members total. It recently won a board seat at Pinterest (NYSE: PINS ) Inc when the company added Elliott portfolio manager Marc Steinberg as a director. margin-top: 10px; 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. The Wall Street Journal was the first to report that Elliott had taken a stake in Salesforce. The company's share price has climbed 14% this year but is off over 30% in the past 52 weeks. Previously, Marc was an Associate Por tfolio Manager at Investment Firm and also held positions at Centerview Partners, . Cohn, who has served on the boards of several technology companies including Twitter and eBay, called Salesforce "one of the preeminent software companies in the world.". Salesforce has endured further upheaval within its highest executive ranks. We really want to hear from you, and were looking forward to seeing you at the event and in theCUBE Club. We want to hear from you. 1 of 5 stars 2 of 5 stars 3 of 5 stars 4 of 5 stars 5 of 5 stars. Marc Steinberg, a portfolio manager at Elliott, will join the board on Dec. 16, Pinterest said. 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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. Availability: Upon contact. Stock Radar: 30% down from highs! Experience Your Economic Times Newspaper, The Digital Way! $ + tax .article-native-ad p { Previously, Elliott has targeted the likes of Twitter Inc., PayPal Holdings Inc., AT&T Inc. Last year, it forced Pinterest Inc. to add senior Elliott portfolio manager Marc Steinberg to its board. We believe in engaging our key stakeholders consistently and this one-of-a-kind agreement with Elliott is a result of that. Elliott has made many technology-focused investments. . Prior to joining Elliott in 2015, Mr. Steinberg worked at investment bank Centerview Partners. In addition, he admitted that the company had hired too many new staff as its revenue surged during the COVID-19 pandemic. Attorney at Irwin, Lewin, Cohn & Lewin, PC. Two of Indias leading indices fell nearly 0.5% on Monday to extend losses for a seventh straight session. 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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. Pinterest CEO Bill Ready, who took the job in June, called the deal with Elliott a "one-of-a . However, Elliotts standard tactics are to push for board representation and then pressure companies into making operational changes, with an aim to boost overall profitability. "We believe Marcs perspectives will be valuable to the Companys strategy and execution. Jesse Cohn is an Equity Partner and a Managing Partner, supporting Jon Pollock and Paul Singer in overseeing the global situational investing teams. Mar. 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. But that is partially good news for Tata, Ashok Leyland. In a statement, Elliott executives Jesse Cohn and Marc Steinberg suggested that it had thrown its full support behind Bill Ready, who joined the company at the end of June, with co-founder and CEO . Elliott has made many technology-focused investments. (Reuters) -Activist investor Elliott Management Corp has made a multi-billion dollar investment in cloud-based software firm Salesforce Inc, according to people familiar with the matter. Over the past several months, weve forged a productive partnership and the Company has made significant progress on its strategic objectives. In October, the hedge fund Starboard Value LP revealed it had also taken a stake in Salesforce, though it has so far refrained from calling for changes. https://www.businesswire.com/news/home/20221206005978/en/, Investor relations: "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. Elliott Investment Management L.P. manages approximately $48 billion of assets. India is buying trucks. Rupert and Lillian Radford Professor of Law . These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors including: general economic and political uncertainty in global markets and a worsening of global economic conditions or low levels of economic growth, including inflation, foreign exchange fluctuations and supply-chain issues as well as events such as Russia's invasion of Ukraine; our ability to provide useful and relevant content; our ability to attract and retain creators that create relevant and engaging content on our platform; risks associated with new products and changes to existing products as well as other new business initiatives; our ability to maintain and enhance our brand and reputation; compromises in security; our financial performance and fluctuations in operating results; our dependency on online application stores' and internet search engines methodologies and policies; discontinuation, disruptions or outages in authentication by third-party login providers; changes by third-party login providers that restrict our access or ability to identify users; competition; our ability to scale our business and revenue model; our reliance on advertising revenue and our ability to attract and retain advertisers and effectively measure advertising campaigns; our ability to effectively manage growth and expand and monetize our platform internationally; our lack of operating history and ability to sustain profitability; decisions that reduce short-term revenue or profitability or do not produce expected long-term benefits; the impact of the COVID-19 pandemic, including its impact on our business as well as on global and regional economies and economic activity; risks associated with government actions, laws and regulations that could restrict access to our products or impair our business; litigation and government inquiries; privacy, data and other regulatory concerns; real or perceived inaccuracies in metrics related to our business; disruption, degradation or interference with our hosting services and infrastructure; our ability to attract and retain personnel; and the dual class structure of our common stock and its effect of concentrating voting control with stockholders who held our capital stock prior to the completion of our initial public offering. 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