What is the point of Whole Foods when you can buy gluten-free pie crust, organic sweet corn, and quinoa in most regular grocery stores? Whole Foods doesn’t seem to know, and neither do the people who used to shop there, which is why a major shareholder of the supermarket chain wants Whole Foods to clean itself up and see whether anyone might be interested in a merger. [More]
activist investors
Starboard Once Again Throwing Around Its Weight, Starts Fight To Oust Yahoo Board
By 3.24.16
Activist investors at Starboard Value are once again looking to shake things up at a major company. After essentially forcing the now-contested Staples-Office Depot merger, questioning the number of breadsticks handed out at Olive Garden and ousting the entire Darden Restaurant Inc. board, the investor group has launched a fight to remove the entire board of Yahoo. [More]
Investors Want McDonald’s To Spin $20 Billion In Property Off Into Real Estate Investment Trust
By 8.25.15
While McDonald’s doesn’t own the majority of its restaurants, it does own tens of billions of dollars’ worth of the real estate where those restaurants operate, leasing them to franchisees. That’s a valuable asset, and the company is facing pressure from some investors to spin off its land and buildings into a separate, publicly traded McDonaldland. I mean, real estate investment trust. Which they should name McDonaldland. [More]
