Investing
Activist investor Elliott to seek ouster of NRG CEO – WSJ
© Reuters. Mauricio Gutierrez, president and CEO of NRG Energy, speaks onstage during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O’Hare
(Reuters) – Activist investor Elliott Investment Management is increasing pressure on NRG Energy (NYSE:) and seeking to oust its CEO Mauricio Gutierrez, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
Elliott is in talks with potential candidates to replace the U.S. power company’s CEO as well as other top executives, the report said.
The report comes after Elliott sent a letter to NRG’s board last month, pushing for a boardroom overhaul. The activist investor has had urged the company to conduct a review of its home services strategy and add new independent directors.
Elliott and NRG did not immediately respond to Reuters’ requests for comment.
Elliott had disclosed a more than 13% economic interest in the utility company in May, which it said was worth around $1 billion, without specifying how much, if any, of that interest was in NRG stock.
Read the full article here
A Macy’s Employee Made Accounting Errors Worth $132 Million
Elon Musk Taught Himself to Code. Now It’s Your Turn.
5 Ways to Hire and Retain Top Talent in 2025
3 Simple Tips for Increasing Your Annual Recurring Revenue
Palantir assigned Street-high targets by Wedbush and BofA By Investing.com
How to Create a Unique Value Proposition (With Tips & Examples)
Are You Missing These Hidden Warning Signs When Hiring?
7 Common Things You Should Never Buy New
The DOJ Reportedly Wants Google to Sell Its Chrome Browser
This All-Access Pass to Learning Is Now $20 for Black Friday
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Side Hustles7 days agoHow to Create a Unique Value Proposition (With Tips & Examples)
-
Investing6 days agoAre You Missing These Hidden Warning Signs When Hiring?
-
Make Money6 days ago7 Common Things You Should Never Buy New
-
Side Hustles7 days agoThe DOJ Reportedly Wants Google to Sell Its Chrome Browser
-
Investing3 days agoThis All-Access Pass to Learning Is Now $20 for Black Friday
-
Passive Income3 days agoHow to Create a Routine That Balances Rest and Business Success
-
Investing6 days agoGoogle faces call from DuckDuckGo for new EU probes into tech rule compliance By Reuters
-
Side Hustles3 days agoApple Prepares a New AI-Powered Siri to Compete With ChatGPT