Matt Levine, Columnist

Proxy Fights and FX Fixes

Also Larry Fink, Portland, Arjun LP, public embarrassment and poetry.

April 18, 2017 at 1:08 PM UTC

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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Arconic.

This is just conjecture, but I get the sense that Arconic Inc. Chief Executive Officer Klaus Kleinfeld didn't especially like spending time with the activist investors at Elliott Management Corp. Even back when relations were cordial, before Elliott launched a proxy fight and called for Arconic to get rid of Kleinfeld, this happened: