ShakeUp

Elliott Management calls for AT&T shake-up as Trump piles on

(Reuters) – Activist investor Elliott Management Corp on Monday unveiled a $3.2 billion stake in AT&T Inc (T.N) and urged the sprawling U.S. telecommunications and media conglomerate to end its acquisition spree and focus on improving its business. FILE PHOTO: The AT&T logo is pictured during the Forbes Forum 2017 in Mexico City, Mexico, September …

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Rite Aid to Cut Roughly 400 Jobs in Management Shake-Up

Rite Aid said on Tuesday its CEO would exit as part of a revamp of its leadership, and that it would cut about 400 corporate positions. Camp Hill, Pennsylvania-based Rite Aid said the layoffs will affect more than 20 percent of corporate positions located at the company’s headquarters and across field operations. The company expects annual …

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