{"id":57304,"date":"2017-03-31T08:58:41","date_gmt":"2017-03-31T12:58:41","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=57304"},"modified":"2017-03-31T08:58:41","modified_gmt":"2017-03-31T12:58:41","slug":"activist-investor-sarissa-seeks-innoviva-ceo-pay-cut","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2017\/activist-investor-sarissa-seeks-innoviva-ceo-pay-cut.html","title":{"rendered":"Activist investor Sarissa Seeks Innoviva CEO Pay Cut"},"content":{"rendered":"<p>(Reuters) Hedge fund Sarissa Capital Management LP on Thursday sought a sharp cut in the compensation of Innoviva Inc&#8217;s chief executive, the latest salvo by the activist investor in its proxy fight against the drug company. Sarissa has nominated three directors to Innoviva&#8217;s board and criticized the company&#8217;s cost structure, as well as executive compensation, considering that it only manages drug royalties and does not market or sell any products.<\/p>\n<p>Sarissa, run by billionaire investor Carl Icahn&#8217;s former healthcare lieutenant, also called for a pay cut for Innoviva&#8217;s board members.<\/p>\n<p><a href=\"http:\/\/www.reuters.com\/article\/innoviva-sarissa-idUSL2N1H7212\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) Hedge fund Sarissa Capital Management LP on Thursday sought a sharp cut in the compensation of Innoviva Inc&#8217;s chief executive, the latest salvo by the activist investor in its proxy fight against the drug company. Sarissa has nominated three [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-57304","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/57304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=57304"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/57304\/revisions"}],"predecessor-version":[{"id":57305,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/57304\/revisions\/57305"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=57304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=57304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=57304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}