Crown Castle Inc. (CCI)
After hours:
- Reuters
Activist investor Elliott says Crown Castle CEO exit step in 'right direction'
Activist investor Elliott Investment Management said on Friday that the exit of Crown Castle CEO Jay Brown, who will be leaving in January, was a step in the "right direction" but more changes were needed at the wireless tower owner. Brown led the company for more than two decades, and his departure is a major win for Elliot, which sought a management shakeup for what it said was years of underperformance. The activist investor said it wants a comprehensive review of Crown's Fiber business and a transparent search process for the next CEO.
- Investing.com
Crown Castle CEO steps down, ARK scoops up Palantir: Insider trades & hedge funds
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- Reuters
PRESS DIGEST-Wall Street Journal - Dec 8
The following are the top stories in the Wall Street Journal. - Apple and its suppliers, led by Taiwan-based Foxconn, aim to build more than 50 million iPhones in India annually within the next two to three years, with additional tens of millions of units planned after that. - Clothing retailer Levi Strauss named Michelle Gass as its next president and chief executive and will succeed Chip Bergh, who is slated to retire on April 26.
