New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 9, 2014
08:05 EDTRVBDElliott says Riverbed board hasn't responded to request
Elliott Management issued a public statement regarding Riverbed. It stated, "It has now been two weeks since Elliott requested a meeting with Riverbed to discuss the results of its annual meeting, at which shareholders overwhelmingly voted down the company's proposals and voted off the director up for reelection. We are one of Riverbedís largest shareholders, and the fact that this board hasnít responded to our request for a simple meeting is unprecedented in Elliottís history. Despite complaints from other shareholders and public criticism from leading shareholder advisers ISS and Glass Lewis, Riverbed Directors Mark Floyd, Chris Schaepe, Kim Stevenson, Michael Boustridge, Eric Wolford and CEO Jerry Kennelly have done nothing to address the severe governance issues at Riverbed and the need to rectify its significant stock-price underperformance. Riverbed is experiencing a governance crisis. It is long past time for this Board to stop stonewalling shareholders and engage with us to find a path forward."
News For RVBD From The Last 14 Days
Check below for free stories on RVBD the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
August 31, 2014
13:20 EDTRVBDCitigroup to hold a conference
Global Technology Conference to be held in New York on September 2-4.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use