Bill Ackman Resigns From Universal Music Group Board
Bill Ackman, whose hedge fund Pershing Square Capital has been among Universal Music Group’s largest investors, said he will resign from his seat on UMG’s board of directors effective Wednesday “due to new executive and board obligations arising from his recent investments,” according to a company statement. In a brief announcement posted Wednesday hours ahead of the start of UMG’s annual shareholder meeting, UMG said Ackman notified the board of […]