Business

Giant CEO Mediation on Activist Investors: “They See Business From Afar”

WTW CEO Carl Hess (pictured), who boarded the broker giant in 1989 and took over the top position earlier this year, was upset by criticism from activist investors such as Starboard Value. I don’t seem to do it.

Less than three months after the collapse of WTW’s planned merger with Aon last October, Starboard Value said in a presentation at a conference in Canada that it “realized that potential.” No market-leading franchise set. “

At the time, a New York-based investment adviser quoted the securities firm’s “history of misconduct and promise failure,” and since Willis and Towers Watson combined in 2016, WTW’s stock has been listed. He added that it is below the company.

Well, in an interview Financial TimesHess pointed out the difference between his camp view and the Starboard Value-like view.

The CEO is reported to say: So we have a much more detailed view of what can be achieved and when and when external investors will never have it. “

According to Hess, WTW chose a pace that “we believe this organization can navigate fast without any problems along the way.”

In September 2021, the London-based company announced a “growth, simplification, transformation” strategy. Part of that is focusing on core opportunities for maximum growth and profits.

Giant CEO Mediation on Activist Investors: “They See Business From Afar”

Source link Giant CEO Mediation on Activist Investors: “They See Business From Afar”

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