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JetBlue Agrees to Give Activist Investor Icahn Two Board Seats.

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  • معلومة اضافية
    • الموضوع:
      ICAHN, Carl C., 1936-; SHAREHOLDER activism; JETBLUE Airways Corp.; BOARDS of directors; VALUE creation; STOCKHOLDER wealth
    • نبذة مختصرة :
      JetBlue Airways Corp. has agreed to give activist investor Carl Icahn two board seats, avoiding a potential proxy fight. Icahn recently revealed a nearly 10% stake in the airline and called the shares undervalued. The addition of Icahn's representatives to the board puts a spotlight on new CEO Joanna Geraghty, who took over on the same day Icahn's stake was announced. JetBlue is already working to cut costs and return to profitability after a federal judge blocked its planned takeover of Spirit Airlines Inc. [Extracted from the article]
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