The $38 billion hedge fund firm Elliott Management called on Pacific Gas and Electric Company to adopt a long-term sustainable capital structure and fully revamp its board and management team in order to ensure accountability for public safety and benefits to key California stakeholders.
Elliot Management Principal Paul Singer/ CC BY-SA 2.0 via Flickr
Exerting pressure as one of the largest creditors to the failed utility, Elliott is concerned about executives adhering to wildfire liability legislation passed in . . .
Continue Reading
Unlock this article instantly, along with the rest of our premium content and benefits including daily/weekly/monthly newsletters.
Monthly
$30
A pay-as-you-go plan to get you started
→ Instantly unlock all new and archived articles
→ Daily, weekly and monthly e-mail newsletters
→ Access to the weekly AW Deal Watch by AW Research
Annual
$300
Get more for less - 20% discount over monthly
→ Everything in Monthly PLUS:
→ Access to articles and data from AW Research
→ AW Annual Investor Compendium – our comprehensive guide to investor activity, with a ranking of the most active investors for the year and profiles of the top global allocators
