Starboard urges Autodesk board to explore CEO change, cost cuts

Quick Summary:

Activist investor Starboard Value urged Autodesk's board to explore a CEO change and cost cuts on Tuesday, saying the design software maker has missed financial targets and underperformed the market for years under current leadership.

FILE PHOTO: A boardroom is seen in an office building in Manhattan, New York City, New York, U.S., May 24, 2021.

CNBC reported on the latest Starboard move earlier on Tuesday.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Starboard York Compensation Company Autodesk Annual Targets Board Cuts Cost Value

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-06 @ 19:15:46 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 369 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 21957872

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Official Website: channelnewsasia.com

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