This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended, about us and our industry that involve substantial risks and uncertainties, including, among other things, statements about our future operational and financial performance. ir@pinterest.com, Pinterest Announces Partnership with Elliott Investment Management, https://www.businesswire.com/news/home/20221206005978/en/. View source version on businesswire.com: https://www.businesswire.com/news/home/20221206005978/en/, Investor relations:Neil Doshiir@pinterest.com, https://www.businesswire.com/news/home/20221206005978/en/, Consumers keep feeling better about today and worse about tomorrow: Morning Brief, Chinese video streaming platform iQIYI to raise $600 million through convertible bonds, GLOBAL MARKETS-Stocks rally, bonds tumble as China manufacturing rebounds, inflation weighs, Protests make Norway's energy minister cancels UK trip, US subsidies are appealing to German companies-survey. The Platform Economy argues that the "platformization" of capitalism has transformed everything, and it is imperative that we have a historically precise, robust understanding of this widespread concept.Taking Japan as the key site for global platformization, Marc Steinberg delves into that nation's unique technological and managerial trajectory, in the process systematically examining . Salesforce has already had to deal with one activist investor. Pinterest CEO Bill Ready, who took the job in June, called the deal with Elliott a "one-of-a-kind agreement" and said the company "appreciates the perspective" Steinberg, Jesse Cohn, a managing . Data is a real-time snapshot *Data is delayed at least 15 minutes. Pinterest, Inc. (NYSE: PINS) today announced it has entered into a long-term cooperation agreement with Elliott Investment Management L.P. (together with certain affiliates, Elliott), including the appointment of Marc Steinberg, Senior Portfolio Manager at Elliott, to the Board of Directors effective December 16, 2022. Experience Your Economic Times Newspaper, The Digital Way! Elliott has made many technology-focused investments. Got a confidential news tip? It recently won a board seat at Pinterest Inc when the company added Elliott portfolio manager Marc Steinberg as a director. 13 others named Jesse Cohn are on LinkedIn. Twitter is now executing against an ambitious multi-year plan to dramatically increase the company's reach and value, and we look forward to the next chapter of Twitter's story. "After months of deep market analysis, industry diligence and management reviews, we are firmly convinced Nielsen will continue to be the gold standard for audience measurement as it executes on the NielsenOne roadmap," said Jesse Cohn, managing partner at Evergreen, and Marc Steinberg, senior portfolio manager at Elliott, in a statement. DISCLAIMER | PRIVACY POLICY | RELATED SITES. Shares of the company rose more than 3% in premarket trading on Monday. border-bottom: 1px solid #ddd; You will be notified in advance of any changes in rate or terms. We look forward to working together as we execute on our strategy to increase engagement with users, deepen monetization per user, and build personalized experiences on Pinterest that go from inspiration and intent to action all while creating a more positive and inspiring place online., Pinterests unique business model is at the intersection of search, social media and commerce, with significant opportunity for growth and value creation, said Marc Steinberg. Marc Steinberg, a portfolio manager at Elliott, will join the board on Dec. 16, Pinterest said. SOURCE Elliott Investment Management L.P. Cision Distribution 888-776-0942 You may cancel your subscription at anytime by calling Marc Steinberg is a Faculty at Massachusetts Institute for Psychoanalysis based in Brookline, Massachusetts. } Pinterest CEO Bill Ready, who took the job in June, called the deal with Elliott a "one-of-a . Last year, it was announced that Benioffs co-CEO Bret Taylor will depart the company at the end of January, leaving Benioff the sole CEO once more. Marc Steinberg, a portfolio manager at Elliott, will join the board on Dec. 16, Pinterest said. .article-native-ad strong { Elliott said in July that its stake in Pinterest topped 9%. in overseeing the global situational investing teams. Headquartered in San Francisco, Pinterest launched in 2010 and has more than 400 million monthly active users worldwide. The two sides had been holding talks for several months. The two sides had been holding talks for several months. Words such as believe, project, may, will, estimate, continue, anticipate, intend, expect, plan and similar expressions are intended to identify forward-looking statements. Benioff co-founded the company and leads Salesforce jointly with Bret Taylor, who is expected to leave the company this month. However, Elliotts standard tactics are to push for board representation and then pressure companies into making operational changes, with an aim to boost overall profitability. Website (s): The Platform Lab. New York, New York. The rupee, too, declined to its lowest in more than four months amid an evident softness in local risk assets. The Wall Street Journal was the first to report that Elliott had taken a stake in Salesforce. "Our collaboration with Jack and the company for the past two years has been productive and effective," Mr. Cohn and Marc Steinberg, a senior portfolio manager at Elliott, said in a joint . It recently won a board seat at Pinterest Inc when the company added Elliott portfolio manager Marc Steinberg as a director. Pinterest is the daily visual inspiration platform people around the world use to shop products personalized to their taste, find ideas to do offline and discover the most inspiring content. Pinterest reaches a deal with activist Elliott | Steinberg to join board | Kalkine MediaPinterest on Tuesday said it reached a deal with Elliott Management, . "Wed like to welcome Marc to the Pinterest Board following our collaborative dialogue with Marc, Jesse Cohn, and Elliott over the past few months," said Bill Ready, Chief Executive Officer, Pinterest. } The hedge fund and Salesforce did not immediately respond to a Reuters request for comment, and Elliott declined to comment. .article-native-ad svg { India is buying trucks. Para obtener ms informacin sobre cmo utilizamos tus datos, consulta nuestra Poltica de privacidad y la Poltica de cookies. Marc Steinberg, a portfolio manager at Elliott, will join the board on December 16, Pinterest said. Pinterest CEO Bill Ready, who took the job in June, called the deal with Elliott a "one-of-a-kind agreement" and said the company "appreciates the perspective" Steinberg, Jesse Cohn, a managing . A good example is Pershing Square at ADP, which transformed that company into a much stronger investment. Douglas M. Branson, Joan Macleod Heminway, Mark J. Loewenstein, Marc I. Steinberg. Elliott said in July that its stake in Pinterest topped 9%. People have saved more than 390 billion Pins across a range of interests from building a home office to cooking a new recipe and planning a vacation. PINS Price Action: Pinterest has a 52-week high of $41.23 and a 52-week low of . Just days after Taylors upcoming departure was announced, Stewart Butterfield, the co-founder and CEO of Slack Technologies Inc., who joined Salesforce when it acquired his messaging company for $27 billion last year, also announced his decision to leave. Informacin sobre tu dispositivo y conexin a Internet, como tu direccin IP, Actividad de navegacin y bsqueda al utilizar sitios web y aplicaciones de Yahoo. Elliott Investment Management L.P. manages approximately $48 billion of assets. Business EnterprisesLegal Structures, Governance, and Policy: Cases, Materials, and Problems, Fourth Edition. Mark Steinberg is the world's premier golf agent and one of four partners at powerhouse agency Excel Sports Management. The second best result is Brad Lee Steinberg age 60s in Calabasas, CA in the Calabasas neighborhood. Previously, Elliott has targeted the likes of Twitter Inc., PayPal Holdings Inc., AT&T Inc. Last year, it forced Pinterest Inc. to add senior Elliott portfolio manager Marc Steinberg to its board. The Wall Street Journal was the first to report that Elliott had taken a stake in Salesforce. Clear rating. 50% off + free delivery on any order with DoorDash promo code, Wayfair Huge Surprise Spring Savings! You will be charged from Harvard College, from which he graduated magna cum laude and Phi Beta Kappa. Mark Steinberg Earns $20 Million a Year Representing Tiger Woods and Other Athletes. Elliott has made many technology-focused investments. in Economics from the University of Pennsylvanias Wharton School of Business, from which he graduated summa cum laude. Marc Steinberg. Marc Steinberg Joins Board as Independent Director. The Elliott funds' investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm. Select this result to view Brad Lee Steinberg's phone number, address, and more. Earlier this year, Salesforce, which is valued at $151.3 billion, said it planned to cut jobs by 10% and close some offices after rapid pandemic hiring left it with a bloated workforce. New York, NY. Mr. Cohn earned his B.S. .article-native-ad { The news was first reported today by the Wall Street Journal, which said details of Elliotts plans for Salesforce could not be learned at this time. Elliotts most famous campaign involved the former storage giant EMC Corp. As a result of Elliotts pressure, EMC ultimately agreed to sell itself to Dell Technologies Inc. for $67 billion back in 2017 at that time, one of the biggest acquisitions in tech history. So It Redesigned Its Iconic Can. He is responsible for public and private equity investments across a range of industries, including the technology, media and telecommunications sectors. Email: Marc.Steinberg@concordia.ca. 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