Cara Lombardo is a Senior Reporter at The Wall Street Journal. She covers topics related to business leaders, markets, and activism, often highlighting figures like Elon Musk. Cara's work has been featured in various prominent outlets, including MarketWatch, Private Equity News, Yahoo Finance, and Fox Business Network.
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Cara Lombardo's articles predominantly focus on finance, business deals, and sports. She frequently covers private sector announcements and press releases.
She may be interested in pitches that involve exclusive coverage of corporate mergers and acquisitions, insights into significant business deals or financial happenings within the private sector. Given her interest in covering investments and business strategies, she might also appreciate pitches related to unique investment banking approaches or insider perspectives on Wall Street events.
Since there is no specific geographic focus mentioned for Cara Lombardo, it would be beneficial to provide content with a global perspective as well as any local industry news that aligns with her coverage areas.
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The uber-confident 81-year-old billionaire is in the hot seat after an investor exodus and employee tensions rattled his hedge fund, Trian Partners.
Disney won the endorsement of a key proxy adviser in its fight against Nelson Peltz's Trian Partners, which is trying to get two seats on its board. Glass Lewis, one of the two major proxy advisers along with ISS, recommended that Disney shareholders vote for the company's director nominees and not for Trian's candidates, which include Peltz. Glass Lewis said Disney already has a credible plan underway and it struggles to see Trian's ideas as a net gain for investors.
Today's high-profile proxy-fight vote at Walt Disney (DIS) has big implications for billionaire Nelson Peltz's hedge fund Trian Partners. Trian has been trying to revive itself after its investors pulled billions of dollars and family tensions prompted a string of employee exits, The Wall Street Journal reported last month. Trian is aiming for two seats on Disney’s board, including one for Peltz.
Nelson Peltz, given a few minutes to speak at Disney’s annual meeting, noted several changes Disney has made since his firm, Trian Partners, bought its shares. Disney cut costs, set double-digit margin targets for the streaming business, added two new directors and announced ESPN-related initiatives, among other things, he said.
Nelson Peltz may have suffered a bruising defeat in his proxy battle with Disney Wednesday, but the sting could be eased by a gain the activist has scored on the investment. Peltz’s Trian Partners has made around $300 million in profit on its 16-month investment, most of it on paper, according to people familiar with the matter. The firm invested around $800 million in Disney in 2022, buying much of its stake when shares were around $88 apiece.
Trian Partners lost its bid for board seats, but profited on its investment.
After his Trian Partners lost its proxy fight, a big bet on Unilever comes into focus.
Bankers are dropping the phrase like seeds at spring planting, optimistic about signs of an end to dealmaking’s long freeze.
By: Annamaria Andriotis, Cara Lombardo
Bankers’ favorite metaphor is sprouting all over as optimists see signs that dealmaking is coming back to life.
By: Cara Lombardo, Justin Baer
Salim Ramji led BlackRock's ETF business and left in January Vanguard Group is preparing to name a former BlackRock executive as its next
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