Crown Castle CEO to retire, handing win to activist investor Elliott
Publishing timestamp: 2023-12-07 17:42:45
Summary
Crown Castle CEO Jay Brown is retiring, and activist fund Elliott Management is calling for a new chief executive as part of a campaign for improved governance and fiber strategy at the cell tower company. Elliott is also seeking a review of Crown Castle's fiber business and has previously targeted the company in 2020. Crown Castle's stock has declined this year, and Elliott controls a $2 billion stake in the company.
Sentiment: NEGATIVE
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