The upcoming vote pits the newly reconstituted board and turnaround management team at Tessera, a technology development and licensing firm that invented chip-scale packaging (CSP) technology for improved semiconductor performance in the 1990s and is now blazing a trail in advanced semiconductor interconnect technology, against a board takeover attempt by the activist hedge fund Starboard Value LP.
Murray spoke about the turnaround in management, with Walter Smith replacing Paul le Guen last January.
To believers in free markets, this sounds like a classic private-equity turnaround in which better management improves the value of a business.
"It would increase exponentially the challenge that GM management faces in executing its turnaround, " says John Casesa, an industry consultant and former Wall Street analyst.
In a presentation at the Value Investing Congress in New York today, Alex Roepers, founder of Atlantic Investment Management, shared his top turnaround picks, outlining his strategy of corporate action and activism as a positive catalyst for struggling companies.
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The big winner in the Charter Communications turnaround: Leon Black and Apollo Global Management.
Recently, Chrysler reached out and found what could be a potential partner -- the international car company Fiat, where the current management team has executed an impressive turnaround.
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They fear Kerkorian's influence will cause management to take its eye off the turnaround.
Meister spent years working for legendary investor Carl Icahn, and it appears he learned plenty from the famed agitator, who frequently pushes for change at companies he invests in and offers to acquire businesses where management proves unresponsive or incapable of the turnaround he desires.
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Most towns and cities, rather than giving up on money-losing munis, will first try farming out management to private firms, hoping for a turnaround, or spruce up their courses to prevailing standards.
Whirlpool knew something had to give and the roots of its turnaround, Fettig says, came when he and his management team concluded that hoping for a robust recovery was no way to run a business.
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The watchdog recommended it reviewed its management and instructed it to appoint "an experienced turnaround expert" at board level.
However, if senior management comes up with a convincing message and effective turnaround plan, we would reconsider our investment stance.
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Two years ago, Nokia changed management and shifted strategy and is now halfway through a turnaround, according to its CEO Stephen Elop.
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's management, including eponymous founder Michael Dell, to attempt a company turnaround away from the glare and financial pressures of Wall Street.
Circuit City chief executive Philip Schoonover and his management team have been under fire for what's seen as a misguided turnaround of a retailer that has been running second fiddle to industry leader Best Buy for at least a decade.
Circuit City chief executive Philip Schoonover and his management team have been under fire for what's seen as a misguided turnaround of a retailer that has been running second fiddle to industry leader Best Buy (nyse: BBY - news - people ) for at least a decade.
As any management consultant will opine, it is unrealistic and irresponsible to believe that any leader can turnaround a failing organization in just a few years.
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