Why are "we" calling asset strippers and market manipulators "activist investors" now? Is it a sarcastic pun on the word "investor"? Or something to do with "the new world order"?
Imation CEO voted off board in proxy war bombshell
Imation's CEO has been provisionally voted off the company's board, as shareholders supported the activist investor Clinton Group in its view of Imation's alleged leadership failures. This AGM proxy vote result still has to be certified, but that looks a formality. The Clinton Group said Imation's long revenue decline and …
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Thursday 21st May 2015 16:57 GMT Speltier
Imation
Was a cast off from 3M many years ago IIRC, 3M being the "good bank" and Imation the "bad bank" (of product lines). The poor sods in Imation faced a much more determined headsman, even for that era.
I recall buying Imation diskettes and finding such poor quality that I refused to buy any Imation products going forward. Maybe things have improved since then, although if not the story is just about scavengers fighting over corporate roadkill.