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Both Barnes and Noble and Waterstones are owned by the same hedge fund (Elliot Management). Looks like the hedge fund installed the new ceo when they purchased
by brycelarkin 4y ago
Both Barnes and Noble and Waterstones are owned by the same hedge fund (Elliot Management).
Looks like the hedge fund installed the new ceo when they purchased Barnes and Noble.
That hedge fund is probably filled with MBAs.
- vasco 4y agoIt's almost as if people that take a study program aren't all the same.
- dsr_ 4y agohttps://www.elliottmgmt.com/who-we-are/ https://www.elliottmgmt.com/who-we-are/ There's one MBA on their management committee. Heavily outnumbered by JDs.
- acjohnson55 4y agoAppreciate the fact check, although I also doubt JD's have a better reputation than MBA's when it comes to running an aspirational business :)
- shadytrees 4y agoThe person who founded Elliott Management (Paul Eliott Singer) is far from a saint, but he has been astonishingly accurate during his career. According to Wikipedia (I did a big deep dive into this hedge fund and person after reading the submitted article), he warned about CDOs in 2006. The hedge fund also exited its holdings in Twitter in June 2022, right before the Musk-pocalypse. I'm kind of astounded the article didn't talk about Paul Singer at all. It seems like a massive oversight to not dig into the money behind Barnes and Noble.