We appreciate the perspective the team brings, as well as their commitment to our Company and mission. The second best result is Brad Lee Steinberg age 60s in Calabasas, CA in the Calabasas neighborhood. 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. Sign In. 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. India is buying trucks. The company's share price has climbed 14% this year but is off over 30% in the past 52 weeks. 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. margin-bottom: 20px; The Wall Street Journal was the first to report that Elliott had taken a stake in Salesforce. NEW YORK - Pinterest on Tuesday said it reached a deal with Elliott Management, . Pinterest, Inc. (NYSE: PINS) today announced it has entered into a long-term cooperation agreement with Elliott Investment Management L.P. (together with certain affiliates, Elliott), including the appointment of Marc Steinberg, Senior Portfolio Manager at Elliott, to the Board of Directors effective December 16, 2022. Marc Steinberg is a Senior Portfolio Manager at Elliott. MISSOULA ~ Marc was born in New York City February 6th, 1952, the eldest of four children to Alexander Steinberg and Jane Nickerson Steinberg, both progressive, hard working . 2. Elliott Investment Management L.P. manages approximately $48 billion of assets. The parties said Marc Steinberg, Elliott's senior portfolio manager, would become an independent director on Dec. 16. Salesforce had almost 80,000 global employees on its books at the end of October 2022, up from just over 49,000 in January 2020, company filings show. 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 . 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. "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. Words such as believe, project, may, will, estimate, continue, anticipate, intend, expect, plan and similar expressions are intended to identify forward-looking statements. Click here to join the free and open Startup Showcase event. 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. We believe in engaging our key stakeholders consistently and this one-of-a-kind agreement with Elliott is a result of that. Availability: Upon contact. With Steinberg joining, the Pinterest Board of Directors expands to eight independent directors and 11 members total. Stock Radar: 30% down from highs! Haz clic en Gestionar ajustes para obtener ms informacin y gestionar tus opciones. With Steinberg joining, the Pinterest Board of Directors expands to eight independent directors and 11 members total. Pinterest, Inc. (NYSE: PINS) today announced it has entered into a long-term cooperation agreement with Elliott Investment Management L.P. (together with certain affiliates, "Elliott"), including the appointment of Marc Steinberg, Senior Portfolio Manager at Elliott, to the Board of . 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 . by. In addition, he admitted that the company had hired too many new staff as its revenue surged during the COVID-19 pandemic. border-bottom: 1px solid #ddd; On Feb. 23, Tiger Woods ' longtime agent, Mark . The news was first reported today by the Wall Street Journal, which said details of Elliotts plans for Salesforce could not be learned at this time. "We appreciate the perspective the team brings, as well as their commitment to our Company and mission. Mark Steinberg Earns $20 Million a Year Representing Tiger Woods and Other Athletes. A good example is Pershing Square at ADP, which transformed that company into a much stronger investment. Steinberg will be the 11th member of the digital scrapbooking company's board. Marc Steinberg Joins Board as Independent Director. 625 followers . padding:0!important; We are delighted that you'd like to resume your subscription. Words such as "believe," "project," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "plan" and similar expressions are intended to identify forward-looking statements. "Our collaboration with Jack and the company for the past two years has been productive and effective," Mr. Cohn and Marc Steinberg, a senior portfolio manager at Elliott, said in a joint . 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. Its flagship fund, Elliott Associates, L.P., was founded in 1977, making it one of the oldest funds under continuous . Mr. Steinberg received his A.B. Last year, it forced Pinterest Inc. to add senior Elliott portfolio manager Marc Steinberg to its board. The Wall Street Journal was the first to report that Elliott had taken a stake in Salesforce. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors including: general economic and political uncertainty in global markets and a worsening of global economic conditions or low levels of economic growth, including inflation, foreign exchange fluctuations and supply-chain issues as well as events such as Russia's invasion of Ukraine; our ability to provide useful and relevant content; our ability to attract and retain creators that create relevant and engaging content on our platform; risks associated with new products and changes to existing products as well as other new business initiatives; our ability to maintain and enhance our brand and reputation; compromises in security; our financial performance and fluctuations in operating results; our dependency on online application stores' and internet search engines methodologies and policies; discontinuation, disruptions or outages in authentication by third-party login providers; changes by third-party login providers that restrict our access or ability to identify users; competition; our ability to scale our business and revenue model; our reliance on advertising revenue and our ability to attract and retain advertisers and effectively measure advertising campaigns; our ability to effectively manage growth and expand and monetize our platform internationally; our lack of operating history and ability to sustain profitability; decisions that reduce short-term revenue or profitability or do not produce expected long-term benefits; the impact of the COVID-19 pandemic, including its impact on our business as well as on global and regional economies and economic activity; risks associated with government actions, laws and regulations that could restrict access to our products or impair our business; litigation and government inquiries; privacy, data and other regulatory concerns; real or perceived inaccuracies in metrics related to our business; disruption, degradation or interference with our hosting services and infrastructure; our ability to attract and retain personnel; and the dual class structure of our common stock and its effect of concentrating voting control with stockholders who held our capital stock prior to the completion of our initial public offering. Elliott has made many technology-focused investments. Elliott Investment Management L.P. manages approximately $48 billion of assets. Its flagship fund, Elliott Associates, L.P., was founded in 1977, making it one of the oldest funds under continuous management. 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. Elliott Investment Management L.P. manages approximately $55.7 billion of assets. Al hacer clic en Aceptar todo, aceptas que Yahoo y nuestros socios procesarn tu informacin personal y utilizarn tecnologas como cookies para presentarte anuncios y contenido personalizados, evaluar anuncios y contenido, obtener datos clave sobre la audiencia y desarrollar productos. You will be notified in advance of any changes in rate or terms. He'll also sit on Pinterest's board's audit and risk committees. 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. Cohn, who has served on the boards of several technology companies including Twitter and eBay, called Salesforce "one of the preeminent software companies in the world.". Elliott has made many technology-focused investments. ir@pinterest.com, Pinterest Announces Partnership with Elliott Investment Management, https://www.businesswire.com/news/home/20221206005978/en/. Sep 2018 - Present4 years 5 months. 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. "We believe Marcs perspectives will be valuable to the Companys strategy and execution. SMU Law Professor Marc Steinberg is a nationally recognized authority on securities law, corporate law and business ethics. 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. How Repaying Student Loans Is ChangingDramatically, How Chipotle's Stock Price More Than Quadrupled in Five Years, Apples iPhone Passcode Problem: How Thieves Can Take Over in Minutes, How H&Ms Exit From Russia and Rising Costs Hit Profit. You may change your billing preferences at any time in the Customer Center or call and illustrates our shared commitment to shareholder value creation and @Pinterest 's future. This field is for validation purposes and should be left unchanged. Pinterest reaches a deal with activist Elliott | Steinberg to join board | Kalkine MediaPinterest on Tuesday said it reached a deal with Elliott Management, . boAt Lifestyle: why this popular audio makers profit growth rate is declining, Choose your reason below and click on the Report button. Salesforce is valued at $151.3 billion. ", "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. Prior to joining Elliott in 2004, Mr. Cohn was an Analyst in the mergers and acquisitions group at Morgan Stanley. This will alert our moderators to take action. ", "Elliott understands our vision at Pinterest: to build a place where Pinners can find inspiration and, in doing so, create value for businesses," said Ben Silbermann, Co-founder and Executive Chairman, Pinterest. He is responsible for public and private equity investments across a range of industries, including the technology, media and telecommunications sectors. Elliott Management Corporation. Marc Steinberg, a portfolio manager at Elliott, will join the board on Dec. 16, Pinterest said. Learn more. SAN FRANCISCO--(BUSINESS WIRE)-- Marc Steinberg, a portfolio manager at Elliott, will join the board on Dec. 16, Pinterest said. Marc Steinberg, a senior portfolio manager at Elliott, will become the eighth independent director on Pinterest's board, effective Dec. 16, bringing its total to 11 Marc Steinberg: Configuring Media Theory - Media Theory Mike Wheatley. .article-native-ad svg { from 8 AM - 9 PM ET. Im proud of the results Bill and the team have delivered and have confidence in his leadership and ability to continue creating long-term value for Pinners and our shareholders.". Customer Service. Those extra employees are becoming a liability as Salesforces revenue growth slows. .article-native-ad p { It recently won a board seat at Pinterest Inc when the company added Elliott portfolio manager Marc Steinberg as a director. 1 of 5 stars 2 of 5 stars 3 of 5 stars 4 of 5 stars 5 of 5 stars. We believe Marcs perspectives will be valuable to the Companys strategy and execution. from Harvard College, from which he graduated magna cum laude and Phi Beta Kappa. Elliott said in July that its stake in Pinterest topped 9%. We really want to hear from you, and were looking forward to seeing you at the event and in theCUBE Club. Pro Investing by Aditya Birla Sun Life Mutual Fund, Canara Robeco Equity Hybrid Fund Direct-Growth, Activist investor Elliott Management takes stake in Salesforce: report. Elliott has made many technology-focused investments. Benchmark bond yields in India climbed to their highest since the first week of November as tightening liquidity and concerns over higher government borrowing in FY24 dented demand for sovereign debt. There are 50+ professionals named "Marc Steinberg", who use LinkedIn to exchange information, ideas, and opportunities. 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. To Read the Full Story Become an Adweek+ Subscriber, Elliott said in July that its stake in Pinterest topped 9%. However, they can also create big problems for company executives if they disagree with their suggestions. Jesse Cohn is an Equity Partner and a Managing Partner, supporting Jon Pollock and Paul Singerin overseeing the global situational investing teams. The investment firm reached a similar agreement with Twitter in March 2020, with partner Jesse Cohn added to Twitters board of directors, along with Silver Lake co-CEO and managing partner Egon Durban. /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), which manages funds that have an approximately $1 . Im pleased to join a Board that demonstrates such a strong commitment to shareholder value. }. 21 HOURS AGO, BLOCKCHAIN - BY KYT DOTSON . Business EnterprisesLegal Structures, Governance, and Policy: Cases, Materials, and Problems, Fourth Edition. Carrier equipment maker Ericsson lets go 8,500 employees, Apple reportedly planning second-generation mixed reality headset for 2025, Report: Justice Department plans lawsuit to block Adobe's $20B Figma acquisition, Galaxy Digital finalizes $44M acquisition of crypto self-custody platform GK8, Meta releases LLaMA to democratize access to large language AI models, Dapper Labs cuts 20% more staff in a second round of layoffs, INFRA - BY MARIA DEUTSCHER . The recent selloff mirrors the weak trend in global equities after a series of US economic data including Fridays consumer price inflation, which is the Federal Reserves most preferred inflation gauge compounded fears the Federal Reserve will keep policy rates elevated for longer than the market had priced in. Pinterest (PINS) said Tuesday it entered into a long-term cooperation deal with Elliott Investment Management, under which the fund manager agreed to standstill, voting, confidentiality. Get the scoop from strategic media pros at Disney, YouTube and more just in time for upfront season at Convergent TV, March 2122. Headquartered in San Francisco, Pinterest launched in 2010 and has more than 400 million monthly active users worldwide. It recently won a board seat at Pinterest Inc when the company added Elliott portfolio manager Marc Steinberg as a director. padding-left: 10px!important; 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. 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.". Marc Steinberg, a senior portfolio manager at Elliott, will become the eighth independent director on Pinterests board, effective Dec. 16, bringing its total to 11 members, the social-media company said Tuesday. 2/6/1952 - 7/1/2022. DISCLAIMER | PRIVACY POLICY | RELATED SITES. 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. 13 others named Jesse Cohn are on LinkedIn. Experience Your Economic Times Newspaper, The Digital Way! He is responsible for public and private equity investments across a range of industries, including the technology, media and telecommunications sectors. Salesforce did not immediately respond to a Reuters request for comment and Elliott declined to comment. https://www.businesswire.com/news/home/20221206005978/en/, Investor relations: New York, New York. The Platform Economy argues that the "platformization" of capitalism has transformed everything, and it is imperative that we have a historically precise, robust understanding of this widespread concept.Taking Japan as the key site for global platformization, Marc Steinberg delves into that nation's unique technological and managerial trajectory, in the process systematically examining . 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. Paul Singer, founder of Elliott Management, speaking at Delivering Alpha in New York on Sept. 13, 2016. View Marc Steinberg's profile on LinkedIn, the world's largest professional community. SOURCE Elliott Investment Management L.P. Cision Distribution 888-776-0942 Marc Steinberg. $ + tax Having gotten to know both incoming Chairman Bret Taylor and incoming CEO Parag Agrawal, we are confident that they are the right leaders for Twitter at this pivotal moment for the company. Previously, Marc was an Associate Por tfolio Manager at Investment Firm and also held positions at Centerview Partners, . (Reuters) -Activist investor Elliott Management Corp has made a multi-billion dollar investment in cloud-based software firm Salesforce Inc, according to people familiar with the matter. 22 HOURS AGO, [the voice of enterprise and emerging tech]. Attorney at Irwin, Lewin, Cohn & Lewin, PC. Nosotros, Yahoo, somos parte de la familia de marcas de Yahoo. 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. New York, NY. Marc Steinberg, a senior portfolio manager at Elliott, will become the eighth independent director on Pinterest's board, effective Dec. 16, bringing its total to 11 members, the social-media . Over the past several months, weve forged a productive partnership and the Company has made significant progress on its strategic objectives. from Harvard College, from which he graduated magna cum laude and Phi Beta Kappa. In a letter to AT&T's board, Elliott Management partner Jesse Cohn and associate portfolio manager Marc Steinberg wrote that AT&T's stock could potentially surge to above $60 a share by 2021 . Pinterest CEO Bill Ready, who took the job . However, sources told the Journal that Benioff had become frustrated that Taylor was spending too much time in his role as Twitter Inc.s chairman, and not enough with Salesforces product and engineering teams. All Rights Reserved. Got a confidential news tip? 18 HOURS AGO, POLICY - BY MARIA DEUTSCHER . Im proud of the results Bill and the team have delivered and have confidence in his leadership and ability to continue creating long-term value for Pinners and our shareholders.. color:rgb(46,179,178); Elliott, one of the world's busiest . .article-native-ad { .article-native-ad strong { font-weight:500; He added that he has "developed a deep respect for Marc Benioff and what he has built." Lenders led by the State Bank of India (SBI) that are conducting an annual review of Adani Enterprises Ltd (AEL) have decided to maintain status quo on credit limits sanctioned for Gautam Adanis flagship company, said two people aware of the development. Shares of Salesforce rose about 3% in early trading on Monday. Marc Steinberg is a Faculty at Massachusetts Institute for Psychoanalysis based in Brookline, Massachusetts. Pinterest said Tuesday that it entered into a long-term cooperation agreement with Elliott Investment Management. It recently won a board seat at Pinterest Inc when the company added Elliott portfolio manager Marc Steinberg as a director. 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. 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: } Neil Doshi Last year, it was announced that Benioffs co-CEO Bret Taylor will depart the company at the end of January, leaving Benioff the sole CEO once more. by Headquartered in San Francisco, Pinterest launched in 2010 and has more than 400 million monthly active users worldwide. "Our discussions with Jason and the board have been positive and productive, and we are pleased to have worked collaboratively to reach this agreement," Marc Steinberg, Elliott senior portfolio . Email: Marc.Steinberg@concordia.ca. "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. The Elliott funds' investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm. The stock price has tumbled 38% since January and closed at $22.72 . 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. Marc Steinberg is a Senior Portfolio Manager at Elliott. We want to hear from you. To interview this expert: Call 214-768-7650 or e-mail news@smu.edu. 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. The Wall Street Journal was the first to report that Elliott had taken a stake in Salesforce. The two sides had been holding talks for several . Get this delivered to your inbox, and more info about our products and services. Activist investors can be a blessing, depending on how they get along with the target companys senior leadership, the analyst said. Earlier this month, the company announced plans to lay off 10% of its staff, while reducing office space in some markets. Clear rating. Elliott has made many technology-focused investments. The two sides had been holding talks for several months. Announcing the layoffs, Benioff cited the economic slowdown that has resulted in many of its customers reducing spending on software. 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. 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. Customer Service. So It Redesigned Its Iconic Can. Jesse Cohn is an Equity Partner and a Managing Partner, supporting Jon Pollock and Paul Singer in overseeing the global situational investing teams. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. But that is partially good news for Tata, Ashok Leyland. 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. Things could certainly be going much better for Salesforce at present. Though that may not seem too bad, it still represents a significant slowdown from the 27% revenue growth Salesforce recorded in the same period a year earlier. Pinterest 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. Marc Steinberg, a portfolio manager at Elliott, will join the board on Dec. 16, Pinterest said. The two sides had been holding talks for several months. Get your daily dose of business updates on WhatsApp. in Economics from the University of Pennsylvanias Wharton School of Business, from which he graduated summa cum laude. Mar. SAN FRANCISCO, December 06, 2022--(BUSINESS WIRE)--Pinterest, Inc. (NYSE: PINS) today announced it has entered into a long-term cooperation agreement with Elliott Investment Management L.P. (together with certain affiliates, "Elliott"), including the appointment of Marc Steinberg, Senior Portfolio Manager at Elliott, to the Board of Directors effective December 16, 2022. Pinterest on Tuesday announced it has appointed Elliott Investment Management senior portfolio manager Marc Steinberg to its board of directors, effective December 16. Jesse Cohn. 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 . See others named Jesse Cohn. Rupert and Lillian Radford Professor of Law . Pinterest CEO Bill Ready, who took the job in June, called the deal with Elliott a "one-of-a . 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. Previously, Elliott has targeted the likes of Twitter Inc., PayPal Holdings Inc., AT&T Inc. Last year, it forced Pinterest Inc. to add senior Elliott portfolio manager Marc Steinberg to its board. Senior Portfolio Manager at Elliott Management . ET. padding-bottom: 20px; Marc Steinberg's appointment to the Board is a clear result of the strong partnership between @Elliottinvmgmt & @Pinterest. 2022 Elliott Investment Management L.P. All rights reserved. It has also agreed to nominate Mr. Steinberg for re-election at its 2023 annual meeting for a term expiring in 2026. We undertake no duty to update this information unless required by law. Under the cooperation agreement, Elliott has agreed to standstill, voting, confidentiality and other commitments. Elliott indicated that it hopes to cement a good working relationship with Benioff. margin: 0 45px; By Dan Clarendon. . Campbells Soup Sales Were Declining. . 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. We believe in engaging our key stakeholders consistently and this one-of-a-kind agreement with Elliott is a result of that. The slowing growth meant that Salesforces stock has taken a beating, down by about 50% from where it was in late 2021. Mr. Steinberg received his A.B. 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 . And were looking forward to seeing you at the event and in theCUBE Club said Marc Steinberg Elliott! And telecommunications sectors Tuesday that it hopes to cement a good example Pershing! Get your daily dose of business, from which he graduated magna cum laude if they disagree with their.... For re-election at its 2023 annual meeting for a term expiring in 2026 manages $! News @ smu.edu Pinterest Inc when the company 's share price has climbed 14 % year... Steinberg joining, the Pinterest board of directors expands to eight independent directors and members... With Elliott Investment Management L.P. manages approximately $ 48 billion of assets a Faculty at Massachusetts for. Revenue growth slows the Companys strategy and execution their commitment to shareholder value Benioff cited the slowdown... Hired too many New staff as its revenue surged during the COVID-19 pandemic Story an... 4 of 5 stars 3 of 5 stars 2 of 5 stars Companys., Governance, and were looking forward to seeing you at the event in. 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