Thursday, November 5, 2015
Howard Marks Takes On United Online With Dissident Shareholders Group
Howard Marks, the co-founder of Start Engine, founder and CEO of Acclaim Games (now owned by The Walt Disney Company), and former Chairman of Activision Studios, isn't happy with how things are going at Los Angeles-based United Online. To that end, he announced Thursday that he has created a new, stockholders group, Concerned Stockholders of United Online (CSU), which he says will put forward a dissident director slate for the company's annual meeting of stockholders. According to Marks, who has been very active in Southern California's startup technology world, United Online "lacks...a Board that can motivate management to fully maximize value for stockholders." Marks says he is hoping to see a "new and revitalized Board".