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Lehman Brothers removes finance, operating chiefs

on Friday, June 13th, 2008 at 12:00 am

The Columbian- The hope at Lehman Brothers is that a management shakeup Thursday will contain the damage of a stunning quarterly loss - yet some on Wall Street fear this is one more step toward a more dramatic outcome for the embattled investment bank.
The ouster of Chief Financial Officer Erin Callan and Chief Operating Officer […]

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Activist hedge funds win first victory in France

on Thursday, May 29th, 2008 at 12:00 am

Reuters- Activist hedge funds have struck their first victory in France, building on successes in Britain and the Netherlands, where their aggressive tactics have forced several companies to bend to their will.
Centaurus Capital and Pardus Capital Management got their way at French IT services company Atos Origin on Wednesday, with the ouster of chairman Didier […]

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