Starboard Value LP, the activist fund led by Chief Executive Officer Jeff Smith, amassed a stake in new target MeadWestvaco Corp. and is urging the packaging company to cut costs and boost profits.
Starboard Value LP Chief Executive Officer Jeff Smith said his activist fund continues to fight Darden Restaurants Inc.’s plan to separate its Red Lobster chain instead of pursuing real-estate divestments.
Microsoft Corp.’s $7.2 billion pairing with Nokia Oyj’s handset business is failing to win over the software developers who are crucial to its success.
"We take noise complaints seriously."
- Jeff Smith on Nov 02, 2014