Ribbed V Cufflinks Gun Metal - Free Shipping
Ribbed V Cufflinks Gun Metal, Material: Plated Base Metal, Designer: Rudolph Alexander, Dimensions: 3/4" x 1/4", Ships Within One Business Day,
MILAN (Reuters) - Activist fund Elliott on Monday struck back at Vivendi (VIV.PA) after its accusations over the management and share price performance at Telecom Italia (TLIT.MI) since the U.S. fund staged a boardroom coup at the Italian firm. Vivendi, TIM’s top shareholder with a 24 percent stake, said last week the management of Telecom Italia (TIM) had been “disastrous” since Elliott wrestled board control away from the French media group in May. It also said TIM’s share price had lost 35 percent since Elliott’s involvement, while the fund had promised to double it within two years.
Elliott-backed candidates succeeded in securing two-thirds of TIM board seats in May after a two-month campaign by the activist fund to shake up the way Vivendi had been running the former telecoms monopoly, On Monday, Elliott said it had not promised to double TIM’s share price but offered ribbed v cufflinks gun metal “an assessment of the upside potential” to the stock over the medium-term if some of its proposals were executed by an independent board, Besides a governance overhaul, the activist fund had proposed a spin-off and partial sale of a soon-to-be-created network company, a conversion of savings shares, a return to dividends and asset sales..
“To date, the board has not adopted any of those recommendations. Instead, the board has thus far adhered to Vivendi’s own approach,” Elliott said. Vivendi officials could not immediately be reached for comment. TIM shares were up 3 percent at 0.54 euros by 1102 GMT, outperforming a 2.2 percent rise in Milan's blue-chip index .FTMIB. A trader said Elliott’s note suggested the fund could resurrect its push for strategic changes at TIM, lifting the stock. Shares in European telecoms firms were also helped by a positive Deutsche Bank report on the sector.
Under CEO Amos Genish, appointed when Vivendi controlled the board, TIM is working to execute a three-year turnaround plan focusing on a digital transformation, fixing the group’s finances and ribbed v cufflinks gun metal getting back an investment grade credit rating, However, the former state phone monopoly has been facing growing challenges in both fixed and mobile: broadband group Open Fiber is rolling out a rival fiber optic network while French telecoms group Iliad (ILD.PA) in May launched its low-price mobile offer for Italy..
Elliott said Vivendi had “fallen prey to the ‘short-termism’ it has previously decried”, casting judgment on the new board just four months after it was appointed. “If Vivendi now takes the view that fresh ideas are needed, Elliott would welcome its help in promoting value-creative solutions at the board level,” Elliott added. Before the May boardroom coup, Elliott and Vivendi have been at loggerheads for months, with Elliott accusing Vivendi of serving only its own interests and the French media group saying Elliott was looking only for short-term financial gain.
NEW YORK (Reuters) - Brian Duperreault, who rejoined American International Group Inc ribbed v cufflinks gun metal (AIG.N) as chief executive officer last year to turn the company around, remembers another era when the insurer was trying to blaze a trail toward greatness, In 1973, Duperreault arrived at AIG’s old Lower Manhattan office to interview for an actuarial position, The company’s name was painted on the brick exterior of the building and linoleum tiles were missing from the floor inside, leaving spots of exposed cement and old, dried glue..
He was 26, fresh out of the U.S. Army and knew nothing about the insurance business, but Duperreault was sold on AIG’s scrappy vibe and high-energy employees. “I had made a choice with my heart and not with my head,” he said in an interview. “But it worked out pretty well.”. Now 71, Duperreault is taking a different gamble at the other end of his career, trying to restore lost shine to a company that has struggled ever since a $182 billion taxpayer bailout saved it from collapse in 2008.
AIG finished repaying the debt, plus a $22.7 billion return, in 2012, but is still wrestling with the consequences of its near-death, including the sale of prized businesses to repay the U.S, government, and a post-bailout ribbed v cufflinks gun metal talent drain, In two interviews, Duperreault detailed plans to expand AIG’s international reach, improve underwriting practices and make employees feel proud to work at AIG, but also more accountable for performance, As AIG’s sixth CEO in a decade, Duperreault is bringing back some practices from the era of Maurice “Hank” Greenberg, the man who built AIG into a global insurance colossus, For example, Duperreault is letting business heads set their own budgets and performance goals, and giving underwriters more autonomy..