Starboard nominates directors to Alight's board. A plan to improve margins could be on the horizon
Alight(ALIT) CNBC·2024-02-24 20:17
Activist Commentary: Starboard is a very successful activist investor and has extensive experience helping companies focus on operational efficiency and margin improvement. Starboard has taken a total of 149 activist campaigns in its history and has an average return of 25.58% versus 13.25% for the S&P 500 over the same period. Starboard also has a successful track record in the information technology sector. In 52 prior engagements, the firm has a return of 38.79% versus 16.56% for the S&P 500 over the sam ...