💨 Abstract

Starboard Value, a hedge fund with a $500 million stake in Autodesk, has nominated three directors to the company's board, rekindling a proxy battle over margin concerns. The nominees include Jeff Smith, Starboard's CEO, Geoff Ribar, and Christie Simons. Starboard argues that Autodesk spends excessively and underperforms the market, leading to a 7% drop in shares this year.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖