Behind Greenberg Contest With Comcast's Roberts
"I know you are a competitive guy, as am I: I once had a number four U.S. squash ranking, so I know that you care about winning and are willing to push yourself hard to be a winner," he wrote in the letter, which went on to lay out a series of complaints about the cable company's performance. "You think you are hitting beautiful strokes, but you are losing the game."
The letter led to a frosty exchange that culminated in Mr. Greenberg's investment firm, Chieftain Capital Management Inc., demanding Mr. Roberts's ouster in a letter to Comcast's board that became public Thursday. Chieftain is one of Comcast's largest institutional investors, with 2% of its outstanding stock, valued at just over $1 billion.
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