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Stock impact report

CEOs are opening their boardrooms to hedge fund 'white squires' to keep other activists out [CNBC]

Papa John's International, Inc. (PZZA) 
Last papa john's international, inc. earnings: 2/26 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.papajohns.com
Company Research Source: CNBC
CEOs are opening their boardrooms to hedge fund 'white squires' to keep other activists out David A. Grogan | CNBC Jeffrey Smith speaking at the 2017 Delivering Alpha conference in New York on Sept. 12, 2017. When it comes to defending a company against an agitated investor, the devil you know may be better than the devil you don't. That's the recent mindset among corporations and investors alike when it comes to fending off potential intruders — and it's increasingly blurring the lines of how management views the role of activist investors. Case-in-point is Papa John's International Fortune Magazine But rather than fear him, Papa John's welcomed Smith as a means of stability for the company after a year of chaos. "We approached the company and said we want to get involved and we want to help and we want to provide leadership," Smith told CNBC's David Faber in an interview "Obviously, we're in a moment of distress here," Steve Ritchie, Papa John's CEO, said in the CNBC interview. "It' Show less Read more
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