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...Likewise, Alphabet has drawn attention from activist Sir Christopher Hohn, of TCI Fund Management, who wrote to chief executive Sundar Pichai, saying he needed to make further headcount cuts and trim “excessive...
...Job moves Billionaire activist Christopher Hohn’s TCI has opened an office in Abu Dhabi, joining a wave of groups betting on the United Arab Emirates....
...(Ethan Wu) Google and TCI TCI, the activist investor, thinks Alphabet wastes a lot of money and should stop it. From its letter, posted yesterday: The cost base of Alphabet is too high . . ....
...TCI had previously approached Alphabet’s management about its concerns....
...But “Mr Sam” and his company still dominate Bentonville....
...Chris Hohn, head of TCI, summed up the mood on Wall Street, declaring about Alphabet: “It’s in no one’s interest if the company becomes so fat and unhealthy....
...But the relatively modest scale of Alphabet’s job cuts was attacked by Chris Hohn, head of activist investment firm TCI that had called on the company last year to slash its expenses....
...At the store on South Walton Boulevard this week, bright yellow balloons marked “clearance” bobbed over $4 T-shirts and $11 Bentonville Tigers sweatshirts....
...Whether they’re as radical as the changes TCI want, that’s a different thing. But people get restless when prices are going the wrong direction....
...Sir Christopher’s hedge fund TCI is already taking this approach, including at Spanish airport operator Aena, which this week agreed to back his demands for an annual shareholder votes on its climate plans...
...The free museum’s location in Bentonville, Arkansas, is also the headquarters of the US retailer....
...Hedge funds including Chris Hohn’s TCI Fund Management and Paul Marshall’s Marshall Wace collectively made more than €1bn of profits from their bets, according to Düsseldorf-based data group Breakout Point...
...That stance has exposed it to criticism, including from former US vice-president Al Gore and Christopher Hohn of hedge fund TCI, who said last month that “major asset managers such as BlackRock have been...
...An Associated Press report suggested that two stores in Texas, one in Utah and another near the company’s headquarters in Bentonville, Arkansas would be among the first....
...Digital success is a top priority at its Bentonville headquarters, where executives are convinced that many of the habits that shoppers formed over the past year will stick....
...AT&T spent more than $100bn on companies, including TCI, controlled by billionaire John Malone, to bring telephony, pay TV and internet access under one roof....
...“There is a step-change going on in the way Florentino organises his investments,” said Jonathan Amouyal, a partner at London-based hedge fund TCI....
...“The idea that there was an iron fist in Bentonville [where Walmart is headquartered] is wrong. They wanted strong local management.”...
...This is a guest post by Leo Hindery, Jr, a member of the Council on Foreign Relations and formerly CEO of AT&T Broadband and its predecessor, Tele-Communications, Inc. (TCI)....
...Charter’s failure to disclose any emissions data were “unacceptable”, TCI wrote in a letter....
...These managers, led by Christopher Hohn’s TCI and Steve Mandel’s Lone Pine, made about one-third of the $178bn of total gains bagged by the hedge fund industry in 2019, according to research by LCH Investments...
...His father Don Tyson led it from 1967 to 1995, building scale with supply deals with the likes of McDonald’s and Walmart, headquartered 20 miles away in Bentonville....
...Last year a bunch of our suppliers came down to Bentonville for a workshop....
...TCI, the activist hedge fund run by Christopher Hohn, said in December it would vote against the directors of investee companies who do not improve their pollution disclosure....
...Vocal critics, including Christopher Hohn of hedge fund TCI, said last month that “major asset managers such as BlackRock have been shown to be full of greenwash”....
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