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Here is your Pro Recap of the biggest insider trades and institutional investor headlines you may have missed this week: Crown Castle CEO steps down amid pressure from Elliott Investment Management, Cathie Wood’s ARK Investment uses pullback in Palantir to buy more shares, and top brass buys/sells at Palantir, Akero Therapeutics, and Citi Trends.
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Crown Castle CEO steps down amid activist investor pressure
Crown Castle International (NYSE:) today announced a major leadership change, with CEO Jay Brown stepping down under pressure from Elliott Investment Management. Brown, who has been at the helm of the company since 2016, will retire from his roles as President, CEO, and Director on January 16, 2024.
This change follows intense scrutiny from activist investor Elliott Investment Management, which recently confirmed acquiring a stake exceeding $2 billion in Crown Castle.
Last week, Elliott sent a letter to the company’s Board, calling for the addition of a new executive and board leadership, an overview of the fiber business, an…
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