The founder Paul Singer was anti-Trump, but had since become a big donor[1]. It seems more opportunistic than an ideological shift, but I'm just speculating.
When Elliot took the position there was some press that hinted that it was politically driven, but I couldn't find any reason to believe that over the obvious: that replacing an absentee CEO is an easy way to unlock value in a floundering company.
When Elliot took the position there was some press that hinted that it was politically driven, but I couldn't find any reason to believe that over the obvious: that replacing an absentee CEO is an easy way to unlock value in a floundering company.
1. https://www.politico.com/story/2018/06/08/trump-megadonors-g...