Activists at Autodesk’s Door

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.3 • 3.1K Ratings

🗓️ 17 June 2024

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Starboard Value would like to see some changes at Autodesk and isn’t shy about it. And Jensen Huang’s commencement address at Caltech has some timeless life and investing advice. (00:21) Tim Beyers and Dylan Lewis discuss: - Why Starboard Value is putting Autodesk’s management team and board on notice. - Broadcom’s 10-for-1 stock split, and why the 90s are alive and well in tech. - Nvidia CEO Jensen Huang’s advice for graduates at Caltech and wisdom from 30 years at the helm. Then, at (18:02) Ricky Mulvey talks with Bryce Tingle, business law professor and author of the new book, “Hard Lessons in Corporate Governance,” about Elon Musk’s big pay raise. Companies discussed: ADSK, AVGO, NVDA, TSLA. Catch Jensen Huang’s Caltech commencement speech here: https://www.youtube.com/watch?v=-qXDdToZHzE&t=3138s Go to www.monarchmoney.com/fool for an extended 30-day free trial. Host: Dylan Lewis Guests: Tim Beyers, Ricky Mulvey, Bryce Tingle Producer: Mary Long Engineers: Dan Boyd, Dez Jones Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	We've got wise words from one of the leading names in tech.
0:07.0	Motley Full analyst Tim
0:24.4	Byers Tim what's the caffeine situation looking like? This is a no
0:28.8	caffeine day Dylan so this is a dangerous day to do a a episode of Motley Fool money but I'm going in anyway
0:37.6	You know what I'm still hearing the excitement and I'm happy to hear it
0:41.5	You are here today. So we're going to keep things tech related with
0:45.2	the show. We have some more activist action. We have some wisdom from Tech's biggest CEO of the
0:51.4	moment and a dive into Elon Musk's pay package.
0:55.0	Why don't we talk with the activist here first, Tim?
0:58.0	Autodesk is in the news because Starboard Value disclosed a $500 million stake in the architecture software company.
1:06.1	They submitted their letter to the board and they are pushing for some changes.
1:09.5	Let's dig in.
1:10.5	Tim, what does Star Board want to see? Well, first, I mean, it's not just that what a Star Board wants to see, it's what they're suing to see,
1:20.0	Dylan. So for those who don't know, Starport Value is a fund that they are an activist
1:26.6	investor, like you said, they invest in a lot of different companies. They invest in
1:29.8	situations where they believe there is untapped value and in order to get that
1:35.2	value unlocked the company needs to maybe change its ways a bit. So we've seen
1:40.4	this in the past where Star Board has invested in it.
1:42.8	So Box was a target a few years ago, for example.
1:45.8	Now Autodesk has the target on its back,
1:48.6	and I think deservedly so.
1:50.9	There was, for those who don't know there was an investigation by the
	...

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