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Stock impact report

Activist hedge fund Engaged to give director fees to corporate employees [Reuters]

The Hain Celestial Group, Inc. (HAIN) 
Last the hain celestial group, inc. earnings: 2/6 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.hain.com
Company Research Source: Reuters
Activist hedge fund Engaged to give director fees to corporate employees BOSTON, April 17 (Reuters) - Activist investor Engaged Capital will donate roughly $500,000 in fees its executives would have earned for serving on public companies’ boards this year to those corporations’ employees, the hedge fund’s founder Glenn Welling told Reuters. Traditionally corporate agitators including Engaged ask companies to do something for shareholders such as selling divisions, cutting costs, or buying back stock, to help boost the stock price. Now Welling, who founded $1 billion Engaged eight years ago, said he wants to give rather than take as companies steel themselves for the deepest recession since the 1930s era Great Depression in the wake of the novel coronavirus outbreak. “Our partners have asked that all remaining 2020 board fees be redirected to support those employees that are most impacted,” Welling said. The money is earmarked to help “individuals and their families struggling through Show less Read more
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