Afternoon anons…
Morning crew checking in for update on Gulf situation..anyone have a quick sitrep?
One year? 1.5? Looks like sold Jan2019…
Ha..on AT&T CEO stepping down..
Pressure came from Elliot Management..anons first question is muh china ties?
Interesting what pops up…
https://www.wsj.com/articles/bank-of-east-asia-relents-under-elliott-managements-pressure-11583324614
"Years of conflict in Hong Kong is finally starting to bear fruit for Elliott Management Corp.
The city’s last major family-backed lender, The Bank of East Asia Ltd., on Wednesday called a truce to a long battle with the U.S. hedge-fund manager, saying it had hired bankers to help assess whether it could sell assets or otherwise improve its business."
https://www.cnbc.com/2020/04/24/att-ceo-randall-stephenson-to-step-down.html
"Elliott Management, the activist investment firm that pushed for executive changes at AT&T, said it “supports” Stankey as the company’s next CEO. The firm had earlier been skeptical of putting Stankey at the helm of the company, CNBC previously reported.
“We have been engaged with the company throughout the search process, which was a robust one, including a range of highly qualified outside candidates and overseen by independent directors,” Elliott partner Jesse Cohn said in a statement. "