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Elliott Sends Letter and Presentation to the Board of Goodyear

Elliott Sends Letter and Presentation to the Board of Goodyear
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Goodyear investor calls for wholesale board changes

Elliott Investment Management L.P., which holds around 10 per cent of The Goodyear Rubber & Tire Company shares, has published an open letter sent to Goodyear’s board of directors expounding on its “deep conviction in the opportunity for Goodyear to improve after more than a decade of underperformance”. Not only are Elliotts calling for five changes to the board, but they have set up a website (acceleratinggt.com) detailing plans to overhaul the business. Shares jumped 17% at the time of publication in response to the news.

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Elliott Sends Letter and Presentation to the Board of Goodyear (GT)

Elliott Sends Letter and Presentation to the Board of Goodyear (GT)
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