Public Storage Outed Elliott Management’s Plans
In a sign of how aggressively campaigns may be waged next year, Public Storage outed Elliott Management’s plans to advance a six-person slate to its board last week, citing a litany of metrics that pointed to the company’s growth and announcing three new board members. Q3 2020 hedge fund letters, conferences and more Elliott's Psuh To Change Public Storage's Board CompositionIn a public letter following Public Storage’s announcement, Elliott said that it wants to substantially change the composition of the board, which had one of the lowest percentages of independent directors in the S&P 500 a...