Mr. Steinberg received his A.B. "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. Over the past several months, weve forged a productive partnership and the Company has made significant progress on its strategic objectives. Informacin sobre tu dispositivo y conexin a Internet, como tu direccin IP, Actividad de navegacin y bsqueda al utilizar sitios web y aplicaciones de Yahoo. This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended, about us and our industry that involve substantial risks and uncertainties, including, among other things, statements about our future operational and financial performance. We want to hear from you. Mike Wheatley. New York, New York. Marc Steinberg is a Senior Portfolio Manager at Elliott. Jesse Cohn is an Equity Partner and a Managing Partner, supporting Jon Pollock and Paul Singer in overseeing the global situational investing teams. 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. 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. On Feb. 23, Tiger Woods ' longtime agent, Mark . Brad is related to Lynne B Scheinin and Rachel Lynne Steinberg as well as 3 additional people. The two sides . We look forward to working together as we execute on our strategy to increase engagement with users, deepen monetization per user, and build personalized experiences on Pinterest that go from inspiration and intent to action all while creating a more positive and inspiring place online., Pinterests unique business model is at the intersection of search, social media and commerce, with significant opportunity for growth and value creation, said Marc Steinberg. (Reporting by Svea Herbst-Bayliss in New York, Sneha Bhowmik and Juby Babu in Bengaluru; Additional reporting by Tiyashi Datta and Akash Sriram; Editing by Chris Reese, Stephen Coates and Anil D'Silva). 625 followers . A Division of NBCUniversal. Mr. Steinberg received his A.B. 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. A message from John Furrier, co-founder of SiliconANGLE: Show your support for our mission by joining our Cube Club and Cube Event Community of experts. He is the former Director of SMU's Corporate Directors' Institute, the Director of the SMU Corporate Counsel Externship Program, the former Senior Associate Dean for Academics, and the former Senior Associate Dean for Research at the Law School . . His impressive client roster includes one of the biggest names in all of . Elliott Investment Management L.P. manages approximately $48 billion of assets. It is unclear what Elliott, one of the world's most prominent activist investors, is pushing for at Salesforce. People have saved more than 390 billion Pins across a range of interests from building a home office to cooking a new recipe and planning a vacation. We are delighted that you'd like to resume your subscription. By Dan Clarendon. Marc I. Steinberg is the Rupert and Lillian Radford Professor of Law at SMU Dedman School of Law. Salesforce has endured further upheaval within its highest executive ranks. Attorney at Irwin, Lewin, Cohn & Lewin, PC. DISCLAIMER | PRIVACY POLICY | RELATED SITES. WEST PALM BEACH, Fla., May 17, 2021 /PRNewswire/ -- Elliott Investment Management L.P. today released the following statement on behalf of Managing Partner Jesse Cohn and Portfolio Manager Marc Steinberg regarding AT&T's (NYSE: T) plan to merge media assets with Discovery: Elliotts next steps with Salesforce remain to be seen, but the activist investor typically pushes for executive changes and sales of various assets, or even the company itself. As part of the deal, Elliott senior portfolio manager Marc Steinberg will join Pinterests board of directors, effective Dec. 16. 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. Words such as believe, project, may, will, estimate, continue, anticipate, intend, expect, plan and similar expressions are intended to identify forward-looking statements. Marc Steinberg Joins Board as Independent Director. Click here to join the free and open Startup Showcase event. We look forward to working together as we execute on our strategy to increase engagement with users, deepen monetization per user, and build personalized experiences on Pinterest that go from inspiration and intent to action all while creating a more positive and inspiring place online. Paul Singer, founder of Elliott Management, speaking at Delivering Alpha in New York on Sept. 13, 2016. Learn more. Mark Steinberg Earns $20 Million a Year Representing Tiger Woods and Other Athletes. We believe Marcs perspectives will be valuable to the Companys strategy and execution. In Anime's Media Mix, Marc Steinberg convincingly shows that anime is far more than a style of Japanese animation.Engaging with film, animation, and media studies, as well as analyses of consumer culture and theories of capitalism, Steinberg offers the first sustained study of the Japanese mode of convergence that informs global media practices to this day. The company's share price has climbed 14% this year but is off over 30% in the past 52 weeks. 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." 2/6/1952 - 7/1/2022. Elliot's investment comes after Starboard Value announced an undisclosed stake in Salesforce in October and said the company was suffering from a valuation discount due to a "subpar mix of growth and profitability.". It recently won a board seat at Pinterest Inc when the company added Elliott portfolio manager Marc Steinberg as a director. Get the scoop from strategic media pros at Disney, YouTube and more just in time for upfront season at Convergent TV, March 2122. from Harvard College, from which he graduated magna cum laude and Phi Beta Kappa. 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. by. Taylor had shared leadership of the company with Benioff for about a year. The Wall Street Journal was the first to report that Elliott had taken a stake in Salesforce. "Over the past several weeks, Elliott has engaged privately with Cubic regarding a potential acquisition of the company," Partner Jesse Cohn and Portfolio Manager Marc Steinberg said in a statement. India is buying trucks. Prior to joining Elliott in 2015, Mr. Steinberg worked at investment bank Centerview Partners. They have also lived in Altadena, CA and Westlake Village, CA. The Wall Street Journal was the first to report that Elliott had taken a stake in Salesforce. SOURCE Elliott Investment Management L.P. Cision Distribution 888-776-0942 He'll also sit on Pinterest's board's audit and risk committees. Elliott Management Corp., the activist investor firm, has reportedly made a multibillion-dollar investment in Salesforce Inc. Its a move that will likely pile the pressure on Salesforce Chairman and co-Chief Executive Marc Benioff (pictured) as he struggles to restart the companys slowing growth. 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. Elliott has made many technology-focused investments. When typing in this field, a list of search results will appear and be automatically updated as you type. Earlier this year, Salesforce, which is valued at $151.3 billion, said it planned to cut jobs by 10% and close some offices after rapid pandemic hiring left it with a bloated workforce. Pinterest reaches a deal with activist Elliott | Steinberg to join board | Kalkine MediaPinterest on Tuesday said it reached a deal with Elliott Management, . The two sides had been holding talks for several months. Media Contact:Stephen SpruiellElliott Investment Management L.P.(212) 478-2017[emailprotected]. font-size: 34px; To Read the Full Story Become an Adweek+ Subscriber, Elliott said in July that its stake in Pinterest topped 9%. Pinterest CEO Bill Ready, who took the job in June, called the deal with Elliott a "one-of-a-kind agreement" and said the company "appreciates the perspective" Steinberg, Jesse Cohn, a managing . click here! Experience Your Economic Times Newspaper, The Digital Way! Business EnterprisesLegal Structures, Governance, and Policy: Cases, Materials, and Problems, Fourth Edition. Pinterest CEO Bill Ready, who took the job in June, called the deal with Elliott a "one-of-a-kind agreement" and said the company "appreciates the perspective" Steinberg, Jesse Cohn, a managing . margin: 0 45px; 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. Pinterest CEO Bill Ready, who took the job in June, called the deal with Elliott a "one-of-a-kind agreement" and said the company "appreciates the perspective" Steinberg, Jesse Cohn, a managing . Earlier this year Salesforce Inc said it plans to cut jobs by 10% and close some offices after rapid pandemic hiring left it with a bloated workforce amid an economic slowdown. line-height:1.5; 22 HOURS AGO, [the voice of enterprise and emerging tech]. Pinterest on Tuesday said it reached a deal with Elliott Management, the activist investment firm that has offered up ideas on how to improve operations at the image sharing and social media service company. Customer Service. The company's share price has climbed 14% this year but is off over 30% in the past 52 weeks. The rupee, too, declined to its lowest in more than four months amid an evident softness in local risk assets. Neil Doshi Elliott indicated that it hopes to cement a good working relationship with Benioff. See others named Jesse Cohn. Clear rating. Five insights you might have missed from the Dell-DXC livestream event, Interview: Here's how AWS aims to build new bridges for telcos into the cloud-native world, Dell addresses enterprise interest in a simpler consolidated security model, The AI computing boom: OctoML targets machine learning workload deployment, Automation is moving at a breakneck pace: Heres how that trend is being leveraged in enterprise IT, DIVE INTO DAVE VELLANTES BREAKING ANALYSIS SERIES, MWC 2023 highlights telco transformation and the future of business, Dave Vellante's Breaking Analysis: The complete collection, Digging into Google's point of view on confidential computing, Cloud players sound a cautious tone for 2023, Predictions 2023: What's coming next in enterprise technology. Marc Steinberg Joins Board as Independent Director. Got a confidential news tip? Pinterest CEO Bill Ready, who took the job in June, called the deal with Elliott a "one-of-a-kind agreement" and said the company "appreciates the perspective" Steinberg, Jesse Cohn, a . So it will all depend on if Benioff sees eye-to-eye with Elliott and Starboard or not.. However, they can also create big problems for company executives if they disagree with their suggestions. New York, NY. 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 . liked it 3.00 avg rating 1 rating. The two sides had been holding talks for several months. PINS Price Action: Pinterest has a 52-week high of $41.23 and a 52-week low of . Dont miss out on ET Prime stories! 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. Up to 70% off + free fast shipping, 60% off running shoes and apparel at Nike without a promo code, March Flash Sale: Extra 30% Off w/ Groupon Promo Code, As Americans Work From Home, Europeans and Asians Head Back to the Office, At Marc Benioffs Salesforce, Its One Big FamilyUntil Trouble Hits, Supreme Court Signals Skepticism on Bidens Effort to Forgive Student Debt, Switzerland Becomes Stumbling Block for Western Military Aid to Ukraine, Goldman Considers Shrinking Its Consumer Business, Opinion: War in the Middle East Is Closer Than You Think, Opinion: The Gaslighting of East Palestine, Opinion: Why Elite Law and Medical Schools Cant Stand U.S. News, Opinion: Why Were Challenging Bidens Student-Debt Power Grab. We really want to hear from you, and were looking forward to seeing you at the event and in theCUBE Club. Elliott said in July that its stake in Pinterest topped 9%. We undertake no duty to update this information unless required by law. Activist investors can be a blessing, depending on how they get along with the target companys senior leadership, the analyst said. Sign up for free newsletters and get more CNBC delivered to your inbox. Its flagship fund, Elliott Associates, L.P., was founded in 1977, making it one of the oldest funds under continuous management. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. CNBC reported on Monday that activist investor Jeff Ubben's Inclusive Capital Partners also took a stake in Salesforce, however, the report did not reveal the size of the holding. Marc Steinberg's research focuses on animation, media industry studies, and digital media, focusing on the role of digital platforms in mediating cultural production and experience. View source version on businesswire.com: https://www.businesswire.com/news/home/20221206005978/en/, Investor relations:Neil [email protected], https://www.businesswire.com/news/home/20221206005978/en/, Consumers keep feeling better about today and worse about tomorrow: Morning Brief, Chinese video streaming platform iQIYI to raise $600 million through convertible bonds, GLOBAL MARKETS-Stocks rally, bonds tumble as China manufacturing rebounds, inflation weighs, Protests make Norway's energy minister cancels UK trip, US subsidies are appealing to German companies-survey. 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. "Wed like to welcome Marc to the Pinterest Board following our collaborative dialogue with Marc, Jesse Cohn, and Elliott over the past few months," said Bill Ready, Chief Executive Officer, Pinterest. Elliott's most famous campaign involved the former storage giant EMC Corp. As part of the deal, Elliott senior portfolio manager Marc Steinberg will join Pinterest's board of directors, effective Dec. 16. The two sides had been holding talks for several months. Your Reason has been Reported to the admin. View source version on businesswire.com: We believe that Bill and the Pinterest team are the right leaders to guide the Company forward and we think they have only scratched the surface of the Companys potential. border-bottom: 1px solid #ddd; Pinterest CEO Bill Ready, who took the job . Equity Partner. Elliott has made many technology-focused investments. View the profiles of professionals named "Marc Steinberg" on LinkedIn. Stock Radar: 30% down from highs! padding-bottom: 20px; Cohn, who has served on the boards of several technology companies including Twitter and eBay Inc, called Salesforce "one of the preeminent software companies in the world.". Pinterest on Tuesday announced it has appointed Elliott Investment Management senior portfolio manager Marc Steinberg to its board of directors, effective December 16. Marc Steinberg. Elliott Management Corporation. Inc when the company has made significant progress on its strategic objectives & # x27 ; longtime agent Mark. Elliott senior portfolio manager Marc Steinberg & quot ; on LinkedIn leadership of the company added Elliott portfolio manager Elliott! Sept. 13, 2016 the first to report that Elliott had taken a stake in Pinterest topped 9.. Event and in theCUBE Club can be a blessing, depending on how they get along with the Companys. 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