Crown Castle (CCI) CEO to step down amid Elliott pressure
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Crown Castle (CCI) CEO to step down amid Elliott pressure; Shares gain
December 8, 2023 7:19 AM ESTFollowing their initial letter to the Crown Castle (NYSE: CCI) board in late November, activist investor Elliott Investment Management issued a follow-up letter to the board yesterday, emphasizing the need for strategic changes and a review of the fiber business.
The hedge fund points to CCI's underperformance compared to peers and positive feedback from investors and analysts... More
