💨 Abstract

Activist investor Starboard Value has nominated three directors to Autodesk's board, aiming to address margin concerns and cost efficiency. Starboard, holding a $500 million stake, alleges Autodesk spends excessively compared to peers and underperforms the market. The nominees include former CFO of Cadence Design Systems, Geoff Ribar, and Christie Simons, a senior Partner at Deloitte & Touche, among others.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖