We believe that Bill and the Pinterest team are the right leaders to guide the Company forward and we think they have only scratched the surface of the Companys potential. margin-top: 10px; Steinberg will be the 11th member of the digital scrapbooking company's board. Marc Steinberg, a portfolio manager at Elliott, will join the board on Dec. 16, Pinterest said. Attorney at Irwin, Lewin, Cohn & Lewin, PC. Its flagship fund, Elliott Associates, L.P., was founded in 1977, making it one of the oldest funds under continuous management. You will be charged 2. Analyst Holger Mueller of Constellation Research Inc. said Elliott and Starboard both clearly believe that Salesforce is undervalued and under-performing compared with some of its peers, and that it can do much better with the right management and a change in its approach. by. Elliott has made many technology-focused investments. 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The parties said Marc Steinberg, Elliott's senior portfolio manager, would become an independent director on Dec. 16. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. The stock price has tumbled 38% since January and closed at $22.72 . Pinterest CEO Bill Ready, who took the job in June, called the deal with Elliott a "one-of-a . The news was first reported today by the Wall Street Journal, which said details of Elliotts plans for Salesforce could not be learned at this time. Mr. Steinberg received his A.B. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to us on the date hereof. Haz clic en Gestionar ajustes para obtener ms informacin y gestionar tus opciones. We believe that Bill and the Pinterest team are the right leaders to guide the Company forward and we think they have only scratched the surface of the Companys potential. "Over the past several months, weve forged a productive partnership and the Company has made significant progress on its strategic objectives. Pinterest, Inc. (NYSE: PINS) today announced it has entered into a long-term cooperation agreement with Elliott Investment Management L.P. (together with certain affiliates, Elliott), including the appointment of Marc Steinberg, Senior Portfolio Manager at Elliott, to the Board of Directors effective December 16, 2022. Wed like to welcome Marc to the Pinterest Board following our collaborative dialogue with Marc, Jesse Cohn, and Elliott over the past few months, said Bill Ready, Chief Executive Officer, Pinterest. Im pleased to join a Board that demonstrates such a strong commitment to shareholder value. It recently won a board seat at Pinterest Inc when the company added Elliott portfolio manager Marc Steinberg as a director. We look forward to working together as we execute on our strategy to increase engagement with users, deepen monetization per user, and build personalized experiences on Pinterest that go from inspiration and intent to action all while creating a more positive and inspiring place online., Pinterests unique business model is at the intersection of search, social media and commerce, with significant opportunity for growth and value creation, said Marc Steinberg. Pinterest CEO Bill Ready, who took the job in June, called the deal with Elliott a "one-of-a-kind agreement" and said the company "appreciates the perspective" Steinberg, Jesse Cohn, a . Sep 2018 - Present4 years 5 months. Having gotten to know both incoming Chairman Bret Taylor and incoming CEO Parag Agrawal, we are confident that they are the right leaders for Twitter at this pivotal moment for the company. Pinterest (PINS) said Tuesday it entered into a long-term cooperation deal with Elliott Investment Management, under which the fund manager agreed to standstill, voting, confidentiality. Marc Steinberg. Marc Steinberg's Explore Concordia page. The two sides . Mr. Cohn earned his B.S. DISCLAIMER | PRIVACY POLICY | RELATED SITES. in Economics from the University of Pennsylvanias Wharton School of Business, from which he graduated summa cum laude. Im proud of the results Bill and the team have delivered and have confidence in his leadership and ability to continue creating long-term value for Pinners and our shareholders.. This household appliance maker could see a technical bounce back from lows. This will alert our moderators to take action. Salesforce did not immediately respond to a Reuters request for comment and Elliott declined to comment. View source version on businesswire.com: We believe Marcs perspectives will be valuable to the Companys strategy and execution. The two sides had been holding talks for several months. There are 50+ professionals named "Marc Steinberg", who use LinkedIn to exchange information, ideas, and opportunities. Pinterest on Tuesday said it reached a deal with Elliott Management, the activist investment firm that has offered up ideas on how to improve operations at the image sharing and social media service company. Equity Partner. Marc Steinberg, a portfolio manager at Elliott, will join the board on Dec. 16, Pinterest said. 21 HOURS AGO, BLOCKCHAIN - BY KYT DOTSON . The Platform Economy argues that the "platformization" of capitalism has transformed everything, and it is imperative that we have a historically precise, robust understanding of this widespread concept.Taking Japan as the key site for global platformization, Marc Steinberg delves into that nation's unique technological and managerial trajectory, in the process systematically examining . 625 followers . . He'll also sit on Pinterest's board's audit and risk committees. boAt Lifestyle: why this popular audio makers profit growth rate is declining, Choose your reason below and click on the Report button. Marc Steinberg Joins Board as Independent Director. Last year, it was announced that Benioffs co-CEO Bret Taylor will depart the company at the end of January, leaving Benioff the sole CEO once more. Those extra employees are becoming a liability as Salesforces revenue growth slows. Dont miss out on ET Prime stories! 2/6/1952 - 7/1/2022. 22 HOURS AGO, [the voice of enterprise and emerging tech]. The recent selloff mirrors the weak trend in global equities after a series of US economic data including Fridays consumer price inflation, which is the Federal Reserves most preferred inflation gauge compounded fears the Federal Reserve will keep policy rates elevated for longer than the market had priced in. Customer Service. SAN FRANCISCO--(BUSINESS WIRE)-- Jesse Cohn is an Equity Partner and a Managing Partner, supporting Jon Pollock and Paul Singer in overseeing the global situational investing teams. Benioff co-founded the company and leads Salesforce jointly with Bret Taylor, who is expected to leave the company this month. Pinterest is the daily visual inspiration platform people around the world use to shop products personalized to their taste, find ideas to do offline and discover the most inspiring content. Elliott Investment Management L.P. manages approximately $55.7 billion of assets. Jesse Cohn is an Equity Partner and a Managing Partner, supporting Jon Pollock and Paul Singerin overseeing the global situational investing teams. .article-native-ad svg { The two sides had been holding talks for several . Stock Radar: 30% down from highs! The slowing growth meant that Salesforces stock has taken a beating, down by about 50% from where it was in late 2021. In Anime's Media Mix, Marc Steinberg convincingly shows that anime is far more than a style of Japanese animation.Engaging with film, animation, and media studies, as well as analyses of consumer culture and theories of capitalism, Steinberg offers the first sustained study of the Japanese mode of convergence that informs global media practices to this day. 2023 CNBC LLC. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors including: general economic and political uncertainty in global markets and a worsening of global economic conditions or low levels of economic growth, including inflation, foreign exchange fluctuations and supply-chain issues as well as events such as Russia's invasion of Ukraine; our ability to provide useful and relevant content; our ability to attract and retain creators that create relevant and engaging content on our platform; risks associated with new products and changes to existing products as well as other new business initiatives; our ability to maintain and enhance our brand and reputation; compromises in security; our financial performance and fluctuations in operating results; our dependency on online application stores' and internet search engines methodologies and policies; discontinuation, disruptions or outages in authentication by third-party login providers; changes by third-party login providers that restrict our access or ability to identify users; competition; our ability to scale our business and revenue model; our reliance on advertising revenue and our ability to attract and retain advertisers and effectively measure advertising campaigns; our ability to effectively manage growth and expand and monetize our platform internationally; our lack of operating history and ability to sustain profitability; decisions that reduce short-term revenue or profitability or do not produce expected long-term benefits; the impact of the COVID-19 pandemic, including its impact on our business as well as on global and regional economies and economic activity; risks associated with government actions, laws and regulations that could restrict access to our products or impair our business; litigation and government inquiries; privacy, data and other regulatory concerns; real or perceived inaccuracies in metrics related to our business; disruption, degradation or interference with our hosting services and infrastructure; our ability to attract and retain personnel; and the dual class structure of our common stock and its effect of concentrating voting control with stockholders who held our capital stock prior to the completion of our initial public offering. In its fiscal 2022 third quarter results, the company reported revenue of $7.84 billion, up 14% from a year earlier. Shares of the company rose more than 3% in premarket trading on Monday. Though that may not seem too bad, it still represents a significant slowdown from the 27% revenue growth Salesforce recorded in the same period a year earlier. Puedes cambiar tus opciones en cualquier momento desde tus controles de privacidad. .article-native-ad { Prior to joining Elliott in 2004, Mr. Cohn was an Analyst in the mergers and acquisitions group at Morgan Stanley. Data is a real-time snapshot *Data is delayed at least 15 minutes. SOURCE Elliott Investment Management L.P. Cision Distribution 888-776-0942 Email: Marc.Steinberg@concordia.ca. Over the past several months, weve forged a productive partnership and the Company has made significant progress on its strategic objectives. . In August, Elliott disclosed itself as the company's largest shareholder and said it owned 15 million shares in a filing on its September holdings. New York, New York. Marc Steinberg, a portfolio manager at Elliott, will join the board on Dec. 16, Pinterest said. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to us on the date hereof. .article-native-ad strong { A message from John Furrier, co-founder of SiliconANGLE: Show your support for our mission by joining our Cube Club and Cube Event Community of experts. This field is for validation purposes and should be left unchanged. But that is partially good news for Tata, Ashok Leyland. WEST PALM BEACH, Fla., Nov. 29, 2021 /PRNewswire/ --Elliott Investment Management L.P. ("Elliott") today released the following statement on behalf of Managing Partner Jesse Cohn and Senior Portfolio Manager Marc Steinberg regarding the leadership changes announced at Twitter (NYSE: TWTR): Twitter is the leading global medium for real-time conversation and engagement, and our collaboration with Jack and the company for the past two years has been productive and effective. Elliott said in July that its stake in Pinterest topped 9%. Won a board that demonstrates such a strong commitment to shareholder value haz clic en Gestionar ajustes para ms! Join the board on Dec. 16 & # x27 ; s senior portfolio manager marc,... Joining Elliott in 2004, Mr. Cohn was an Analyst in the mergers and acquisitions group at Morgan Stanley 7.84. Emerging tech ] benioff co-founded the company rose more than 3 % in premarket trading Monday. Year earlier results, the company added Elliott portfolio manager, would become an independent director on Dec.,... 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