Starboard pushes Autodesk board to weigh CEO change, cost cuts
Publishing timestamp: 2024-08-06 11:00:01
Summary
Activist investor Starboard Value is pushing for changes at Autodesk, including reassessing the CEO, cost cuts, and improved communication with investors. The company has underperformed its benchmark indexes and faced accounting misconduct issues. Starboard believes there is room for improvement in the company's operations and financial performance.
Sentiment: NEGATIVE
Tickers: ADSK, CRM, GDDY, MTCH,
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Source: https://www.cnbc.com/2024/08/06/starboard-pushes-autodesk-board-to-weigh-ceo-change-cost-cuts.html