Wall Street

Court Rules Against FleetCor Technologies

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What’s New In Activism – Trian Gets A Taste Of Its Own MedicineShareholders in Nelson Peltz’s U.K.-listed vehicle Trian Investors 1 voted out the fund’s chairman and installed a new director nominated by a group of investors led by Global Value Fund. A proposal to remove Trian Investors 1 Chairman Chris Sherwell received 50.7% of the votes cast at an August 5 special meeting, according to a regulatory filing. Dissident nominee Robert Legget was elected to the fund’s board with the same number of votes, while four further activist proposals failed in a similarly tight ballot. A new chairman has…

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