🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Online retailer Beyond Inc's chief steps down amid activist investor pressure

Economic Times

Economic Times · 1y ago

Online retailer Beyond Inc's chief steps down amid activist investor pressure

The CEO of Beyond Inc., formerly known as Overstock.com, Jonathan Johnson, has resigned under pressure from activist investors. Hedge fund JAT Capital, which owns a 9.6% stake in the company, called for Johnson's replacement due to the company's poor financial performance. Dave Nielsen, the President of Beyond Inc. since 2019, will serve as interim CEO while the search for a permanent CEO is conducted. Marcus Lemonis, a businessman and TV personality who recently joined the board, has been proposed as a potential CEO by JAT Capital.

Related News

Disney’s new CFO brings experience to company’s activist investor battle

Livemint

Livemint · 1y ago

Disney’s new CFO brings experience to company’s activist investor battle

Disney has named Hugh Johnston, former CFO of PepsiCo, as its new chief financial officer. Johnston joins Disney as the company faces pressure from activist investor Nelson Peltz, whose firm, Trian Fund Management, has built a sizable stake in Disney and is threatening a proxy battle. During Johnston's tenure at PepsiCo, the company successfully defended against an attack by Peltz. Deal making, particularly in relation to partnerships for ESPN and negotiations with Comcast's NBCUniversal over Hulu, will be a key focus for Johnston in his new role.

Nissan CFO Set to Step Down as Carmaker Faces Raft of Challenges

Livemint

Livemint · 8m ago

Nissan CFO Set to Step Down as Carmaker Faces Raft of Challenges

Nissan Motor's Chief Financial Officer, Stephen Ma, is reportedly stepping down from his position, adding to a series of executive changes at a challenging time for the Japanese carmaker. It is unclear whether Ma will be demoted or leave the company. This comes after Nissan's recent announcement to cut 9,000 jobs and reduce manufacturing capacity. The CEO, Makoto Uchida, will be the sole top-level C-suite executive at a time when Nissan is facing management upheaval and scrutiny from activist investor Effissimo Capital Management. Nissan's market value has shrunk since 2015, making it the fifth-largest carmaker in Japan.

TPG, A91 in Citykart’s Rs 538-crore round at Rs 1,400-crore valuation

Economic Times

Economic Times · 2m ago

TPG, A91 in Citykart’s Rs 538-crore round at Rs 1,400-crore valuation

Citykart, a value fashion retailer, has raised Rs 538 crore in a funding round led by TPG NewQuest and A91 Partners, valuing the company at Rs 1,400 crore. The funds will help Citykart expand beyond tier-II and tier-III cities into states like Rajasthan and Odisha. Existing investor Investcorp exited with a fourfold return, while TPG NewQuest became the largest institutional investor. Citykart aims to increase revenues and profitability before considering an IPO.

Pepperfry planning to sell company amid flatlining sales: Report

Inshorts · 10m ago

Pepperfry planning to sell company amid flatlining sales: Report

Pepperfry has appointed an investment banker to explore plans to sell the company as sales continue to slow down, Moneycontrol reported. The furniture retailer is looking for a potential buyer or a strategic acquisition, the report added. This comes after Pepperfry postponed its plans to launch an IPO amid rising losses.

IndiGo co-founder Gangwal to join US airline Southwest's board

VCCircle

VCCircle · 1y ago

IndiGo co-founder Gangwal to join US airline Southwest's board

Southwest Airlines has appointed Rakesh Gangwal, co-founder of InterGlobe Aviation (operator of India's largest airline, IndiGo), to its board of directors. This move comes as Southwest faces pressure from activist investor Elliott to take defensive measures. Elliott has called for changes in the board composition and leadership due to disappointing financial results. Southwest recently implemented a "poison pill" strategy to prevent Elliott from increasing its stake in the company. Gangwal's expertise in travel technology is seen as valuable to support Southwest's operations and strategic initiatives.

Meta taps Republican Joel Kaplan to lead global policy team, replacing Nick Clegg

Economic Times

Economic Times · 7m ago

Meta taps Republican Joel Kaplan to lead global policy team, replacing Nick Clegg

Meta Platforms has appointed Joel Kaplan as its new chief global affairs officer, succeeding Nick Clegg. Kaplan, a prominent Republican and former deputy chief of staff under George W. Bush, takes over amid Meta's efforts to improve relations with political leaders like President-elect Donald Trump. Kaplan's appointment has faced scrutiny due to accusations of favoring a conservative agenda at Meta. As Kaplan steps up, Kevin Martin will assume his previous role overseeing global policy.

Cybersecurity firm Rapid7 fields buyout interest, sources say

Economic Times

Economic Times · 9m ago

Cybersecurity firm Rapid7 fields buyout interest, sources say

Cybersecurity firm Rapid7 is reportedly considering options with its investment bankers after receiving acquisition interest from buyout firms. The Boston-based company is in talks with private equity firms, including Advent, Bain Capital, and EQT, and is exploring a potential sale. Rapid7's shares rose following the news but discussions may not lead to a deal. Last year, the company also explored acquisition interest but no agreement was reached. Rapid7 specializes in vulnerability management and faces pressure from activist investor Jana Partners. The cybersecurity sector has seen significant private equity investment in recent years.

Six notable CEOs who left their jobs within months

Livemint

Livemint · 11m ago

Six notable CEOs who left their jobs within months

Laxman Narasimhan, former CEO of Starbucks, has joined the ranks of high-profile executives who have left their positions in less than two years. Narasimhan stepped down after approximately 16 months in the role. The average tenure for departing CEOs in the S&P 500 is around eight years. Short CEO tenures are often a result of pressure from company founders, activist investors, or a realisation that a new strategy is failing. Some notable examples include Ron Johnson at J.C. Penney, John Flannery at General Electric, and Bob Chapek at Disney.

X Corp. has slashed 30% of trust and safety staff, Australian online safety watchdog says

Economic Times

Economic Times · 1y ago

X Corp. has slashed 30% of trust and safety staff, Australian online safety watchdog says

According to the Australian online safety watchdog, X Corp has reportedly cut 30% of its trust and safety staff. This move raises concerns about the company's ability to effectively address and mitigate harmful content on its platform. The company's decision comes amid increasing scrutiny and pressure on tech companies to ensure user safety and curb the spread of harmful content online.

FPIs sell Rs 2,700 crore worth Indian stocks everyday as market searches for bottom

Business Today

Business Today · 5m ago

FPIs sell Rs 2,700 crore worth Indian stocks everyday as market searches for bottom

Foreign portfolio investors (FPIs) are offloading approximately Rs 2,700 crore worth of Indian stocks daily, indicating a lack of investor confidence as markets struggle to find stability. Amid various market challenges, this continuous selling pressure contributes to a volatile investment environment. The trend underscores rising concerns and uncertainties impacting stock market sentiment, prompting stakeholders to reassess their strategies in response to fluctuating market dynamics and external economic factors influencing investor behavior.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

30 Startups To Watch: Startups Th ...

GitHub's CEO Drops a Bombshell: " ...

Validation, loneliness, insecurit ...

Download the medial app to read full posts, comements and news.