Embattled BNY Mellon CEO Gets Rebuke, Support at Annual Meeting

FIN Alternatives – Embattled BNY Mellon CEO Gerald Hassell, under fire from activist investors, received a public rebuke on Tuesday at the bank’s annual meeting for lagging past performance, but also a vote of support to make improvements going forward.

The words of criticism and support came from Ed Garden, who joined BNY Mellon’s board in December. Garden is a senior executive at Trian Fund Management LP, the activist hedge fund run by billionaire Nelson Peltz that owns about 2.6% of BNY Mellon’s stock.

Read Complete Article

This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply