Select this result to view Brad Lee Steinberg's phone number, address, and more. Previously, Marc was an Associate Por tfolio Manager at Investment Firm and also held positions at Centerview Partners, . WEST PALM BEACH, Fla., Nov. 29, 2021 /PRNewswire/ --Elliott Investment Management L.P. ("Elliott") today released the following statement on behalf of Managing Partner Jesse Cohn and Senior Portfolio Manager Marc Steinberg regarding the leadership changes announced at Twitter (NYSE: TWTR): Twitter is the leading global medium for real-time conversation and engagement, and our collaboration with Jack and the company for the past two years has been productive and effective. Marc Steinberg, a portfolio manager at Elliott, will join the board on Dec. 16, Pinterest said. He is the former Director of SMU's Corporate Directors' Institute, the Director of the SMU Corporate Counsel Externship Program, the former Senior Associate Dean for Academics, and the former Senior Associate Dean for Research at the Law School . On Feb. 23, Tiger Woods ' longtime agent, Mark . Marc I. Steinberg is the Rupert and Lillian Radford Professor of Law at SMU Dedman School of Law. 21 HOURS AGO, BLOCKCHAIN - BY KYT DOTSON . The two sides had been holding talks for several months. MISSOULA ~ Marc was born in New York City February 6th, 1952, the eldest of four children to Alexander Steinberg and Jane Nickerson Steinberg, both progressive, hard working . Words such as believe, project, may, will, estimate, continue, anticipate, intend, expect, plan and similar expressions are intended to identify forward-looking statements. Dont miss out on ET Prime stories! Prior to joining Elliott in 2015, Mr. Steinberg worked at investment bank Centerview Partners. color:rgb(46,179,178); View the profiles of professionals named "Marc Steinberg" on LinkedIn. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Headquartered in San Francisco, Pinterest launched in 2010 and has more than 400 million monthly active users worldwide. You will be charged by by. In a letter to AT&T's board, Elliott Management partner Jesse Cohn and associate portfolio manager Marc Steinberg wrote that AT&T's stock could potentially surge to above $60 a share by 2021 . Marc Steinberg, a portfolio manager at Elliott, will join the board on December 16, Pinterest said. Jesse Cohn. The two sides . Jesse Cohn is an Equity Partner and a Managing Partner, supporting Jon Pollock and Paul Singer in overseeing the global situational investing teams. Pinterest said it reached a deal with Elliott Management, the activist investment firm that has offered up ideas on how to improve operations at the image sharing and social media service company. He currently serves on the board of directors of two private companies: Nielsen, a global leader in audience insights, data and analytics, and Cubic, a technology-driven provider of solutions for public transit and defense applications. New York, NY. Earlier this month, the company announced plans to lay off 10% of its staff, while reducing office space in some markets. /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), which manages funds that have an approximately $1 . In August, Elliott disclosed itself as the company's largest shareholder and said it owned 15 million shares in a filing on its September holdings. Cohn, who has served on the boards of several technology companies including Twitter and eBay Inc, called Salesforce "one of the preeminent software companies in the world.". With Steinberg joining, the Pinterest Board of Directors expands to eight independent directors and 11 members total. Marc Steinberg's Explore Concordia page. 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. Pinterest on Tuesday said it reached a deal with Elliott Management, the activist investment firm that has offered up ideas on how to improve operations at the image sharing and social media service company. Things could certainly be going much better for Salesforce at present. https://www.businesswire.com/news/home/20221206005978/en/, Investor relations: 18 HOURS AGO, POLICY - BY MARIA DEUTSCHER . Marc Steinberg, a portfolio manager at Elliott, will join the board on Dec. 16, Pinterest said. line-height:1.5; You may change your billing preferences at any time in the Customer Center or call from Harvard College, from which he graduated magna cum laude and Phi Beta Kappa. Benioff co-founded the company and leads Salesforce jointly with Bret Taylor, who is expected to leave the company this month. 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. 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. Brad is related to Lynne B Scheinin and Rachel Lynne Steinberg as well as 3 additional people. Marc Steinberg, a portfolio manager at Elliott, will join the board on Dec. 16, Pinterest said. in overseeing the global situational investing teams. "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 . Mike Wheatley. Haz clic en Gestionar ajustes para obtener ms informacin y gestionar tus opciones. Puedes cambiar tus opciones en cualquier momento desde tus controles de privacidad. Mar. 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. See others named Jesse Cohn. Clear rating. 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 . He added that he has "developed a deep respect for Marc Benioff and what he has built." Pinterest Inc. is adding an executive from Elliott Management Corp. to its board of directors, part of a commitment the social-media company reached with the activist investor to help it grow. 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. Already a member? Al hacer clic en Aceptar todo, aceptas que Yahoo y nuestros socios procesarn tu informacin personal y utilizarn tecnologas como cookies para presentarte anuncios y contenido personalizados, evaluar anuncios y contenido, obtener datos clave sobre la audiencia y desarrollar productos. Marc Steinberg, a portfolio manager at Elliott, will join the board on Dec. 16, Pinterest said. Lenders led by the State Bank of India (SBI) that are conducting an annual review of Adani Enterprises Ltd (AEL) have decided to maintain status quo on credit limits sanctioned for Gautam Adanis flagship company, said two people aware of the development. Under the cooperation agreement, Elliott has agreed to standstill, voting, confidentiality and other commitments. 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. Got a confidential news tip? We believe that Bill and the Pinterest team are the right leaders to guide the Company forward and we think they have only scratched the surface of the Companys potential. Equity Partner. Pinterest CEO Bill Ready, who took the job . Email: Marc.Steinberg@concordia.ca. Mr. Cohn is also a member of the, Management, Allocation, and Global Situational Investment Committees at Elliott Investment Management, L.P. Mr. Cohn is a member of the Advisory Board at the Harvard Law School Program on. SAN FRANCISCO--(BUSINESS WIRE)-- Pinterest said Tuesday that it entered into a long-term cooperation agreement with Elliott Investment Management. Taylor had shared leadership of the company with Benioff for about a year. We undertake no duty to update this information unless required by law. When typing in this field, a list of search results will appear and be automatically updated as you type. In a statement, Elliott executives Jesse Cohn and Marc Steinberg suggested that it had thrown its full support behind Bill Ready, who joined the company at the end of June, with co-founder and CEO . The stock price has tumbled 38% since January and closed at $22.72 . We appreciate the perspective the team brings, as well as their commitment to our Company and mission. 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. Marc Steinberg, a portfolio manager at Elliott, will join the board on Dec. 16, Pinterest said. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Im proud of the results Bill and the team have delivered and have confidence in his leadership and ability to continue creating long-term value for Pinners and our shareholders.". These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors including: general economic and political uncertainty in global markets and a worsening of global economic conditions or low levels of economic growth, including inflation, foreign exchange fluctuations and supply-chain issues as well as events such as Russia's invasion of Ukraine; our ability to provide useful and relevant content; our ability to attract and retain creators that create relevant and engaging content on our platform; risks associated with new products and changes to existing products as well as other new business initiatives; our ability to maintain and enhance our brand and reputation; compromises in security; our financial performance and fluctuations in operating results; our dependency on online application stores' and internet search engines methodologies and policies; discontinuation, disruptions or outages in authentication by third-party login providers; changes by third-party login providers that restrict our access or ability to identify users; competition; our ability to scale our business and revenue model; our reliance on advertising revenue and our ability to attract and retain advertisers and effectively measure advertising campaigns; our ability to effectively manage growth and expand and monetize our platform internationally; our lack of operating history and ability to sustain profitability; decisions that reduce short-term revenue or profitability or do not produce expected long-term benefits; the impact of the COVID-19 pandemic, including its impact on our business as well as on global and regional economies and economic activity; risks associated with government actions, laws and regulations that could restrict access to our products or impair our business; litigation and government inquiries; privacy, data and other regulatory concerns; real or perceived inaccuracies in metrics related to our business; disruption, degradation or interference with our hosting services and infrastructure; our ability to attract and retain personnel; and the dual class structure of our common stock and its effect of concentrating voting control with stockholders who held our capital stock prior to the completion of our initial public offering. Paul Singer, founder of Elliott Management, speaking at Delivering Alpha in New York on Sept. 13, 2016. Elliott Investment Management L.P. manages approximately $48 billion of assets. It recently won a board seat at Pinterest Inc when the company added Elliott portfolio manager Marc Steinberg as a director. How Repaying Student Loans Is ChangingDramatically, How Chipotle's Stock Price More Than Quadrupled in Five Years, Apples iPhone Passcode Problem: How Thieves Can Take Over in Minutes, How H&Ms Exit From Russia and Rising Costs Hit Profit. Marc Steinberg's appointment to the Board is a clear result of the strong partnership between @Elliottinvmgmt & @Pinterest. (if applicable) for The Wall Street Journal. ir@pinterest.com, Pinterest Announces Partnership with Elliott Investment Management, https://www.businesswire.com/news/home/20221206005978/en/. Marc Steinberg, a portfolio manager at Elliott, will join the board on Dec. 16, Pinterest said. }. In the statement, Elliott Partner Jesse Cohn and Associate Portfolio Manager Marc Steinberg commended AT&T Chairman and CEO Randall Stephenson, Lead Director Matt Rose and the entire Board and . It is unclear what Elliott, one of the world's most prominent activist investors, is pushing for at Salesforce. The two sides had been holding talks for several months. Elliott has made many technology-focused investments. SAN FRANCISCO, December 06, 2022--(BUSINESS WIRE)--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. 4 2021, Published 3:06 p.m. The two sides had been holding talks for several months. 2. Announcing the layoffs, Benioff cited the economic slowdown that has resulted in many of its customers reducing spending on software. Senior Portfolio Manager at Elliott Management . He is responsible for public and private equity investments across a range of industries, including the technology, media and . You will be notified in advance of any changes in rate or terms. Mark Steinberg Earns $20 Million a Year Representing Tiger Woods and Other Athletes. .article-native-ad p { } Elliott Partner Jesse Cohn and Associate Portfolio Manager Marc Steinberg issued a statement commending Stephenson, Lead Director Matt Rose and the entire board and management team. 625 followers . "Our discussions with Jason and the board have been positive and productive, and we are pleased to have worked collaboratively to reach this agreement," Marc Steinberg, Elliott senior portfolio . Pinterest reaches a deal with activist Elliott | Steinberg to join board | Kalkine MediaPinterest on Tuesday said it reached a deal with Elliott Management, . .article-native-ad svg { He'll also sit on Pinterest's board's audit and risk committees. The two sides had been holding talks for several months. We believe in engaging our key stakeholders consistently and this one-of-a-kind agreement with Elliott is a result of that. (Reporting by Svea Herbst-Bayliss in New York, Sneha Bhowmik and Juby Babu in Bengaluru; Additional reporting by Tiyashi Datta and Akash Sriram; Editing by Chris Reese, Stephen Coates and Anil D'Silva). "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. As part of the deal, Elliott senior portfolio manager Marc Steinberg will join Pinterests board of directors, effective Dec. 16. Marc Steinberg's research focuses on animation, media industry studies, and digital media, focusing on the role of digital platforms in mediating cultural production and experience. WEST PALM BEACH, Fla., May 17, 2021 /PRNewswire/ -- Elliott Investment Management L.P. today released the following statement on behalf of Managing Partner Jesse Cohn and Portfolio Manager Marc Steinberg regarding AT&T's (NYSE: T) plan to merge media assets with Discovery: Elliott has made many technology-focused investments. Sep 2018 - Present4 years 5 months. } 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 . Mr. Steinberg received his A.B. 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