Elliott Management’s latest effort to improve governance at South Korean smartphone giant Samsung Electronics has one important virtue: These are changes that its heir apparent already wants to make.
Hedge fund Elliott Management is pressing for Samsung Electronics, the maker of the Galaxy Note smartphone, to list its shares on the Nasdaq.
Lee faces a formidable task list as he attempts to repair the reputation of the Samsung conglomerate after a bruising shareholder proxy battle with U.S. hedge fund Elliott Associates.
Samsung is huge and messy, so of course the head of Elliott Management cant resist its charms.
Samsung Electronics responded warily Thursday to a proposal by US hedge fund Elliott Management to split the South Korean tech giant into two companies but markets cheered the plan, sending its shares to a record high.