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Activist shareholder "happy" with Comcast actions
NEW YORK |
NEW YORK Feb 14 (Reuters) - Chieftain Capital Management's Glenn Greenberg, who had called for the ouster of Comcast Corp (CMCSA.O) Chief Executive Brian Roberts over the company's missteps and beleaguered stock price, said he was "very happy" with the company's actions.
The vote of confidence comes after Comcast said on Thursday it would pay an annual 25 cent per share dividend, totaling about $750 million, and complete a $7 billion stock buyback by the end of 2009.
"We were very happy with the tone of the conference call and the focus of management," Greenberg told Reuters in an interview. "The important thing is they said the right things and focused on the right things to bring more value for shareholders."
Chieftain, which manages around $5 billion in funds, owns about 2 percent of Comcast shares. (Reporting by Kenneth Li, editing by Gerald E. McCormick)
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