Activist Shareholder Letters
Activist shareholder letters are letters written by activist investors and sent to the company, often demanding a certain change to maximize shareholder value. These letters are a great read for any aspiring investor because they lay out the thought process of the world’s most renowned investors. You can learn how they think and why they come to think the way they do about a specific company. In some instances, they even attach the analysis they’ve done to support their claims.
While most letters are often formal and educational, others can also be entertaining in the case of letters written by Dan Loeb and Carl Icahn.
- February 24, 2014 Carl Icahn Letter to eBay Shareholders
- February 24, 2014 eBay Response to Carl Icahn
- February 26, 2014 Carl Icahn Letter to eBay Shareholders
- February 28, 2014 Carl Icahn Letter to eBay Shareholders
- March 6, 2014 Carl Icahn Letter to eBay Shareholders
- March 10, 2014 Carl Icahn Letter to eBay Shareholders
- March 12, 2014 Carl Icahn Letter to eBay Shareholders
- March 19, 2014 Carl Icahn Letter to eBay Shareholders
- March 24, 2014 eBay Letter to Shareholder Regarding Icahn
- January 23, 2014 Carl Icahn Letter to Apple Shareholders
- February 10, 2014 Carl Icahn Letter to Apple Shareholders
- February 10, 2014 Comptroller Response to Icahn
- May 18, 2015 Carl Icahn Issues Open Letter to Tim Cook
- May 9, 2013 Carl Icahn Letter to Dell Board of Directors
- June 1, 2013 Dell Presentation to Shareholders
- June 18, 2013 Carl Icahn Letter to Dell Shareholders
- June 26, 2013 Carl Icahn Letter to Dell Shareholders
- July 1, 2013 Carl Icahn Letter to Dell Special Committee
- July 10, 2013 Carl Icahn Letter to Dell Shareholders
- July 11, 2013 Carl Icahn Letter to Dell Shareholders
- July 12, 2013 Carl Icahn Proposal to Dell Shareholders
- July 15, 2013 Carl Icahn Letter to Dell Shareholders
- July 29, 2013 Carl Icahn Letter to Dell Shareholders
- September 9, 2013 Carl Icahn Letter to Dell Shareholders
- March 7, 2013 Carl Icahn Letter to Transocean Shareholders
- May 13, 2013 Carl Icahn Letter to Transocean Shareholders
- May 15, 2008 Carl Icahn Letter to Yahoo! Chairman
- June 4, 2008 Carl Icahn Letter to Yahoo! Board
- June 6, 2008 Carl Icahn Letter to Yahoo! Chairman
- June 9, 2008 Carl Icahn Letter to Yahoo! Chairman
- July 7, 2008 Carl Icahn Letter to Yahoo! Shareholders
- July 14, 2008 Carl Icahn Letter to Yahoo! Shareholders
- July 17, 2008 Yahoo! Presentation to Shareholders
- May 27, 2008 Carl Icahn Letter to Biogen Shareholders
- June 4, 2008 Carl Icahn Memo to Biogen Shareholders
- June 9, 2008 Carl Icahn Letter to Biogen Shareholders
- October 12, 2007 Carl Icahn Letter to BEA CEO
- October 26, 2007 Carl Icahn Letter to BEA Board
- April 4, 2005 Carl Icahn Letter to Kerr-McGee Board
- November 26, 2006 Carl Icahn Letter to Reckson Board
- May 2, 2007 Carl Icahn Response to Motorola Letter
- July 14, 2011 Carl Icahn Letter to Clorox CEO
- August 7, 2011 Carl Icahn Letter to Forest Lab Board
- November 28, 2011 Carl Icahn Letter to Commercial Metals Board
- May 1, 2012 Carl Icahn Letter to Mentro Graphics Board
- May 25, 2012 Carl Icahn Letter to Chesapeake Board
- September 11, 2012 Carl Icahn Letter to Navistar Shareholders
- June 19, 2014 Carl Icahn Letter to Family Dollar
- January 21, 2015 Carl Icahn Letter to Gannett CEO
- October 2, 2013 Dan Loeb Letter to Sotheby’s CEO
- March 13, 2014 Dan Loeb Letter to Sotheby’s Shareholders
- April 4, 2014 Dan Loeb Letter to Sotheby’s Shareholders
- May 14, 2013 Dan Loeb Letter to Sony Corporation CEO
- August 6, 2013 Sony Response to Third Point
- September 8, 2011 Dan Loeb Letter to Board
- September 14, 2011 Dan Loeb Letter to Yahoo! CEO Jerry Yang
- November 4, 2011 Dan Loeb Letter to Yahoo! Board
- March 28, 2012 Dan Loeb Letter to Yahoo! CEO
- May 3, 2012 Dan Loeb Letter to Yahoo! Board
- May 4, 2012 Dan Loeb to Yahoo! Board of Directors
- May 9, 2012 Dan Loeb Letter to Yahoo! Board
- May 22, 2007 Dan Loeb Letter to PDL BioPharma Board
- July 16, 2007 Dan Loeb Letter to PDL BioPharma
- February 27, 2002 Dan Loeb Letter to Penn Virginia CEO
- March 11, 2003 Dan Loeb Letter to Penn Virginia CEO
- March 22, 2001 Dan Loeb Letter to BindView Development
- April 7, 2003 Dan Loeb Letter to Potlatch CEO
- April 25, 2004 Dan Loeb Letter to Western Gas Resources
- May 27, 2004 Dan Loeb Letter to InterCept CEO
- September 20, 2004 Dan Loeb Letter to Salton Corporation
- September 23, 2004 Dan Loeb Letter to Horizon Natural Resources
- February 14, 2005 Dan Loeb Letter to Star Gas CEO
- September 1, 2005 Dan Loeb Letter to Ken Griffin
- September 23, 2005 Dan Loeb Letter to Ligand Pharma
- April 27, 2006 Dan Loeb Letter to Nabi Biopharma CEO
- December 1, 2006 Dan Loeb Letter to Pogo Producing CEO
- November 14, 2013 Dan Loeb Letter to Girl Scouts (Humor)
- November 19, 2013 Girl Scouts Response to Dan Loeb (Humor)
- August 5, 2015 Dan Loeb Letter to Baxter
- May 4, 2016 Elliott First Letter to CDK Global
- June 8, 2016 Elliott Second Letter to CDK Global
- February 4, 2016 Elliott First Letter to BEA Shareholders
- February 29, 2016 Elliott Second Letter to BEA Shareholders
- November 9, 2015 Elliott Letter to Dialog Shareholders
- November 11, 2015 Dialog Response to Elliott
- January 8, 2014 Elliott Letter to Riverbed Board
- January 14, 2014 Elliott Letter to Riverbed Board
- January 29, 2013 Elliott Letter to Hess Shareholders
- March 4, 2013 Elliott Response to Hess Letter
- March 6, 2013 Elliott Response to Hess CEO
- March 26, 2013 Hess Letter to Shareholders
- March 26, 2013 Elliott Letter to Hess Shareholders
- April 4, 2013 Elliott Letter to Hess Shareholders
- April 15, 2013 Hess Letter to Shareholders
- April 24, 2013 Elliott Letter to Hess Shareholders
- April 20, 2013 Elliott Letter to Hess Shareholders
- April 30, 2013 Hess Response to Elliott
- May 16, 2012 Elliott Letter to BMC Board
- May 16, 2012 BMC Letter to Elliott
- May 21, 2012 Elliott Letter to BMC Board
- June 12, 2012 BMC Letter to Shareholders
- June 14, 2012 Elliott Letter to BMC Shareholders
- June 21, 2012 BMC Letter to Shareholders
- March 9, 2011 Elliott Letter to Iron Mountain
- April 4, 2011 Elliott Letter to Iron Mountain
- November 28, 2016 Elliott Letter to Cognizant
- November 21, 2016 Elliott Letter to Marathon Petroleum
- October 5, 2016 Elliott Letter to Samsung
- November 16, 2015 Elliott Letter to American Capital
- October 8, 2015 Elliott Letter to Polycom Board
- June 11, 2015 Elliott Letter to Citrix Board
- October 17, 2014 Elliott Letter to Family Dollar
- October 8, 2014 Elliott Letter to EMC Board
- December 17, 2012 Elliott Letter to Compuware Board
- March 2, 2010 Elliott Letter to Novell Board
- November 21, 2008 Elliott Letter to Epicor Board