Welcome to our dedicated page for Pitney Bowes news (Ticker: PBI), a resource for investors and traders seeking the latest updates and insights on Pitney Bowes stock.
Pitney Bowes Inc (NYSE: PBI) is a global leader in commerce solutions, combining decades of mailing expertise with cutting-edge SaaS shipping technologies and financial services. This page serves as the definitive source for official company announcements, strategic updates, and market-moving developments.
Investors and industry professionals will find curated access to earnings reports, technology partnerships, logistics innovations, and leadership updates. Our collection spans operational milestones across both SendTech Solutions and Presort Services segments, providing insights into PBI's evolving role in digital commerce.
Key updates include new product launches in mailing automation, strategic alliances enhancing global shipping networks, and financial performance metrics. Bookmark this page for real-time access to verified information affecting PBI's market position and technological advancements.
Hestia Capital Management, holding an 8.5% stake in Pitney Bowes (NYSE: PBI), announced that the independent proxy advisory firm Institutional Shareholder Services (ISS) has recommended stockholders elect four of Hestia's director nominees—Milena Alberti-Perez, Todd Everett, Katie May, and Kurt Wolf—at the upcoming 2023 Annual Meeting. The recommendation underscores a demand for significant boardroom change after a decade of underperformance and poor governance at Pitney Bowes.
ISS noted stockholders' discontent with the current board and emphasized the need for independent oversight to enhance capital allocation, corporate governance, and the company's long-term strategy. The urgency for change is highlighted by Pitney Bowes’ declining financial performance, highlighting a critical moment for shareholders to reevaluate board composition.
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