Elliott Investment Management Overhauls Norwegian Cruise Line's Board
Elliott Investment Management has taken control of Norwegian Cruise Line's board, replacing four members with five of its own. This move comes as the company has underperformed over the past five years, with its stock down 37.8% compared to the S&P 500's 84.3% gain. The new board includes executives with experience in consumer-facing businesses and capital allocation, aiming to improve operations and shareholder returns.
Tickers: $NCLH
Topics: activist investor board changes corporate governance Elliott Investment Management Norwegian Cruise Line