Canadian Paper Co. Execs Depart In Wake Of Hedge Fund Move

Jan 16 2007 | 10:06am ET

The leaders of Canadian paper producer Catalyst Paper are making way for Third Avenue Management.

The New York-based hedge fund hiked its stake in the Vancouver, British Columbia-based company last year, triggering golden parachutes of C$4.8 million and C$1.6 million, respectively, for outgoing CEO Russel Horner and CFO Ralph Leverton. Last month, four Third Avenue-picked directors joined Catalyst’s board.

Catalyst’s newly-constituted board will choose their successors at or before its March 28 annual meeting.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of