Author Topic: Phil Fisher's Scuttlebutt Get's Taken to Super Nasty Extremes  (Read 2031 times)

DooDiligence

  • Hero Member
  • *****
  • Posts: 1471
  • ♪ 🎶 ♫ ♪ 🎶 ♫
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)
(Healthcare 42.9% - ABC BBH CVS DVA EW NVO) | (BRK.B - 14.8%) | (Media & Communication 12.6% - CHTR CMCSA DIS)

(Drinkers & Smokers 13.8% - ABEV MO) | (Auto's & Oil 10.3% - GPC VDE) | (Tech & Comms 5.5% - AAPL SFTBY)

(%'s held @ MV 9/04, excludes $)

[prepared 2 wait?]

https://twitter.com/tunawish


Pelagic

  • Sr. Member
  • ****
  • Posts: 311
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

  • Hero Member
  • *****
  • Posts: 1471
  • ♪ 🎶 ♫ ♪ 🎶 ♫
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.)
(Healthcare 42.9% - ABC BBH CVS DVA EW NVO) | (BRK.B - 14.8%) | (Media & Communication 12.6% - CHTR CMCSA DIS)

(Drinkers & Smokers 13.8% - ABEV MO) | (Auto's & Oil 10.3% - GPC VDE) | (Tech & Comms 5.5% - AAPL SFTBY)

(%'s held @ MV 9/04, excludes $)

[prepared 2 wait?]

https://twitter.com/tunawish

JayGatsby

  • Hero Member
  • *****
  • Posts: 603
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

  • Hero Member
  • *****
  • Posts: 1471
  • ♪ 🎶 ♫ ♪ 🎶 ♫
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.

++
(Healthcare 42.9% - ABC BBH CVS DVA EW NVO) | (BRK.B - 14.8%) | (Media & Communication 12.6% - CHTR CMCSA DIS)

(Drinkers & Smokers 13.8% - ABEV MO) | (Auto's & Oil 10.3% - GPC VDE) | (Tech & Comms 5.5% - AAPL SFTBY)

(%'s held @ MV 9/04, excludes $)

[prepared 2 wait?]

https://twitter.com/tunawish

bci23

  • Jr. Member
  • **
  • Posts: 90
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

  • Hero Member
  • *****
  • Posts: 603
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

  • Hero Member
  • *****
  • Posts: 4072
    • Porfolio
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...   :-\
"Before you can be rich, you must be poor." - Nef Anyo
--------------------------------------------------------------------
"American History X", "Milk", "The Insider", "Dirty Money"

Cameron

  • Sr. Member
  • ****
  • Posts: 277
    • blah
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.