Herbalife Ltd. (HLF) has announced that it will nominate three additional Carl Icahn nominees to its board when the company’s annual shareholders’ meeting takes place on April 29. Currently, Carl Icahn’s hedge fund Icahn Enterprises LP (IEP) is the largest shareholder in the company. He has a 16.8% stake in Herbalife as he owns 17 million shares of the nutritional product company through his hedge fund.
By Hype Zero:Chesapeake Energy Corporation (CHK), the embattled U.S. oil and natural gas producer, has had a tough year. It has lost more than 30% of its market value due to historic low natural gas prices and Aubrey McClendon's potential conflict of interest between his role as CEO/Chairman and his personal stake in some of its assets.
Chesapeake Energy Corp.’s board withheld Chief Executive Officer Aubrey McClendon’s annual bonus after investors criticized the performance and management of the second-biggest U.S. natural gas producer.
(Reuters) - Activist investor Carl Icahn reported a 7.6 percent stake in oil and gas company Chesapeake Energy Corp , and asked for at least four members of its board to be replaced. The corporate-raider-turned-activist investor wanted 2 board seats for his own representatives and 2 for Chesapeake's largest shareholder Southeastern Asset Management. Icahn holds 50.1 million shares in the company, according to a regulatory filing. (Reporting by Divya Lad in Bangalore; Editing by Sriraj Kalluvila)