Author Topic: Phil Fisher's Scuttlebutt Get's Taken to Super Nasty Extremes  (Read 1909 times)

DooDiligence

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Phil Fisher's Scuttlebutt Get's Taken to Super Nasty Extremes
« on: December 11, 2017, 11:55:19 PM »
and results in the toppling of government leaders (Kirchner was a twat anyways...)

http://fortune.com/2017/12/07/elliott-management-hedge-fund-paul-singer/

(BWT, found this in @ShitFunds Tweets)
abc 2.6 | abev 2.4 | aapl 0.9 | bbh 3.3 | brk.b 11.6 | chtr 4.2 | cvs 5.7 | dva 5.6 | dis 4.1 | ew 2.1 | gpc 2.8 | mo 6.2 | nvo 5.1 | sftby 2.3 | vde 4.2

(%'s held @ cost, PV allos are slightly 2 significantly higher. includes a slowly dwindling cash pile.)

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Pelagic

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Re: Phil Fisher's Scuttlebutt Get's Taken to Super Nasty Extremes
« Reply #1 on: December 12, 2017, 07:39:20 PM »
This was interesting, the 21st century version of a musical Christmas card except you get to hear how bad a job the CEO is doing instead.


Quote
Along with paper proxy-vote cards, the hedge fund mailed rechargeable video players, slightly smaller than an iPad, loaded with a four-minute attack ad—alleging Kleinfeld “has the worst track record of any CEO in the S&P 500 over his tenure”—that played automatically when investors opened the package. Sent to tens of thousands of large retail shareholders, the gimmick alone cost Elliott as much as $3 million, proxy contest advisers estimate.

DooDiligence

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Re: Phil Fisher's Scuttlebutt Get's Taken to Super Nasty Extremes
« Reply #2 on: December 12, 2017, 10:24:13 PM »
This was interesting, the 21st century version of a musical Christmas card except you get to hear how bad a job the CEO is doing instead.


Quote
Along with paper proxy-vote cards, the hedge fund mailed rechargeable video players, slightly smaller than an iPad, loaded with a four-minute attack ad—alleging Kleinfeld “has the worst track record of any CEO in the S&P 500 over his tenure”—that played automatically when investors opened the package. Sent to tens of thousands of large retail shareholders, the gimmick alone cost Elliott as much as $3 million, proxy contest advisers estimate.

Klause certainly was a douche (I’ll bet he wears monogrammed sweater vests, a lot.)

Kirchner was a loud mouthed twat too.

It all just struck me as a very different use of scuttlebutt (these guys play for keeps.)
abc 2.6 | abev 2.4 | aapl 0.9 | bbh 3.3 | brk.b 11.6 | chtr 4.2 | cvs 5.7 | dva 5.6 | dis 4.1 | ew 2.1 | gpc 2.8 | mo 6.2 | nvo 5.1 | sftby 2.3 | vde 4.2

(%'s held @ cost, PV allos are slightly 2 significantly higher. includes a slowly dwindling cash pile.)

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JayGatsby

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Re: Phil Fisher's Scuttlebutt Get's Taken to Super Nasty Extremes
« Reply #3 on: December 13, 2017, 02:19:46 PM »
Agree with the critics that people's personal lives and especially the personal lives of their family should be off limits. Kleinfeld did a decent job for Alcoa, but his downfall to me was overpaying for a few deals that didn't materialize. Maybe at the end of the day they do. Regardless, I think that's the lens that should be used for a CEO, not creeping into their personal affairs.

DooDiligence

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Re: Phil Fisher's Scuttlebutt Get's Taken to Super Nasty Extremes
« Reply #4 on: December 13, 2017, 04:08:21 PM »
Agree with the critics that people's personal lives and especially the personal lives of their family should be off limits. Kleinfeld did a decent job for Alcoa, but his downfall to me was overpaying for a few deals that didn't materialize. Maybe at the end of the day they do. Regardless, I think that's the lens that should be used for a CEO, not creeping into their personal affairs.

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abc 2.6 | abev 2.4 | aapl 0.9 | bbh 3.3 | brk.b 11.6 | chtr 4.2 | cvs 5.7 | dva 5.6 | dis 4.1 | ew 2.1 | gpc 2.8 | mo 6.2 | nvo 5.1 | sftby 2.3 | vde 4.2

(%'s held @ cost, PV allos are slightly 2 significantly higher. includes a slowly dwindling cash pile.)

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bci23

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Re: Phil Fisher's Scuttlebutt Get's Taken to Super Nasty Extremes
« Reply #5 on: December 13, 2017, 04:40:45 PM »
Agree with the critics that people's personal lives and especially the personal lives of their family should be off limits. Kleinfeld did a decent job for Alcoa, but his downfall to me was overpaying for a few deals that didn't materialize. Maybe at the end of the day they do. Regardless, I think that's the lens that should be used for a CEO, not creeping into their personal affairs.

The flipside argument is that when billions of $ are on the line, nothing is off limits when it comes to personal lives.

JayGatsby

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Re: Phil Fisher's Scuttlebutt Get's Taken to Super Nasty Extremes
« Reply #6 on: December 13, 2017, 10:07:24 PM »
Agree with the critics that people's personal lives and especially the personal lives of their family should be off limits. Kleinfeld did a decent job for Alcoa, but his downfall to me was overpaying for a few deals that didn't materialize. Maybe at the end of the day they do. Regardless, I think that's the lens that should be used for a CEO, not creeping into their personal affairs.

The flipside argument is that when billions of $ are on the line, nothing is off limits when it comes to personal lives.
Sounds like a faustian bargain, if there ever was one. I said should as I'd hope people have some personal ethics in these sorts of things.

Jurgis

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Re: Phil Fisher's Scuttlebutt Get's Taken to Super Nasty Extremes
« Reply #7 on: December 14, 2017, 07:45:33 AM »
Agree with the critics that people's personal lives and especially the personal lives of their family should be off limits. Kleinfeld did a decent job for Alcoa, but his downfall to me was overpaying for a few deals that didn't materialize. Maybe at the end of the day they do. Regardless, I think that's the lens that should be used for a CEO, not creeping into their personal affairs.

The flipside argument is that when billions of $ are on the line, nothing is off limits when it comes to personal lives.
Sounds like a faustian bargain, if there ever was one. I said should as I'd hope people have some personal ethics in these sorts of things.

Personal ethics goes out of the window way below $ billions...   :-\
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Cameron

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Re: Phil Fisher's Scuttlebutt Get's Taken to Super Nasty Extremes
« Reply #8 on: December 14, 2017, 09:21:28 AM »
Agree with the critics that people's personal lives and especially the personal lives of their family should be off limits. Kleinfeld did a decent job for Alcoa, but his downfall to me was overpaying for a few deals that didn't materialize. Maybe at the end of the day they do. Regardless, I think that's the lens that should be used for a CEO, not creeping into their personal affairs.

The flipside argument is that when billions of $ are on the line, nothing is off limits when it comes to personal lives.
Sounds like a faustian bargain, if there ever was one. I said should as I'd hope people have some personal ethics in these sorts of things.

I once found out one of the board members of a company I was looking at had a mistress through some of the same research described which caused me to pass on investing. Once you become a public figure I think you should expect to lose some of that privilege.

Would never have used it against them though.