Matrix Asset Advisors Slams Paramount Over Bob Bakish Exit: ‘Everything About Today's Update Is a Disgrace' [Yahoo! Finance]
Apollo Global Management, Inc. (New) (APO)
Last apollo global management, inc. (new) earnings: 5/1 07:00 am
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Source: Yahoo! Finance
The firm, which owns which owns 355,445 Paramount shares on behalf of its clients and itself and has over $1 billion in assets under management, also criticized the company for not providing guidance or answer analysts questions during its first quarter earnings call. Chief investment officer David Katz told TheWrap that Bakish is being “removed because he was fighting for an equitable deal for all shareholders rather than for doing a one-sided deal for Redstone at the expense of the other 90% of the shareholders.” He argued that the move was “solely motivated” by controlling shareholder Shari Redstone because he wouldn't roll over and say the [Skydance] deal was a good deal.” “His exit puts the company in a greater crisis and forces the board's hand to do something as they no longer have a world-class CEO. They “shot the pilot while landing the plane” and will now say we need to take action as we need someone to pilot the plane,” Katz added. “This is a major unforced error that
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APO
Earnings
- 5/2/24 - Beat
APO
Sec Filings
- 5/13/24 - Form 4
- 5/10/24 - Form 4
- 5/10/24 - Form 4
- APO's page on the SEC website