Clifton Robbins - Blue Harbor Group Barry Rosenstein - JANA Partners Chris Teets - Red Mountain Capital Partners Jeffrey Ubben - Value Act Capital Anchored by - Christopher Ailman - CalSTRS
No -- there was a long segment about empowering management to overcome hard decisions for long term growth (eg, big investment to change business model causing short term loses), freeing up capital from underperforming lines of business, and examples of how that paid off for investors and was appreciated by management. They agreed there's a lot of low-hanging fruit in small caps... Not just reengineering, levering up and bailing, etc
Clifton Robbins - Blue Harbor Group
Barry Rosenstein - JANA Partners
Chris Teets - Red Mountain Capital Partners
Jeffrey Ubben - Value Act Capital
Anchored by - Christopher Ailman - CalSTRS
♥ their suits!
@7:21 "We own Ebay at 50" - is that true? Their stock has never even hit 45.
Stock split
Financial engineering, spin-offs- add some value guys
No -- there was a long segment about empowering management to overcome hard decisions for long term growth (eg, big investment to change business model causing short term loses), freeing up capital from underperforming lines of business, and examples of how that paid off for investors and was appreciated by management.
They agreed there's a lot of low-hanging fruit in small caps... Not just reengineering, levering up and bailing, etc