Corvex, Soroban Take On Energy Co.

Dec 19 2013 | 3:35am 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

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

AIMA: How The U.K.'s SMCR Will Affect U.S. Firms

Jun 20 2017 | 6:29pm ET

U.S. investment managers need to think seriously about how tough new U.K. conduct...

 

From the current issue of