Corvex, Soroban Take On Energy Co.

Dec 19 2013 | 2:35am ET

Carl Icahn's former protégé and a Goldman Sachs veteran have joined forces to force change at an energy infrastructure company.

Corvex Management, headed by former Icahn partner Keith Meister, and Soroban Capital Partners, founded by former Goldman trader Eric Mandelblatt, have taken a combined 9% stake in Williams Cos. The hedge funds have demanded that Williams immediately add both Meister and Mandelblatt to its board of directors.

Corvex and Soroban criticized Williams, saying mistakes had weighed on the company's value. The hedge funds did say they had held productive talks with the company.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...