Starboard CEO Smith Discusses CarMax Stake, Board Seats
Jeff Smith, CEO of Starboard Value, joins Dani Burger on "Bloomberg Deals" to discuss Starboard's $350M stake in Carmax. Starboard Value LP has amassed a stake of about $350 million...
By Bloomberg Markets · Bloomberg Markets
Jeff Smith, CEO of Starboard Value, joins Dani Burger on "Bloomberg Deals" to discuss Starboard's $350M stake in Carmax. Starboard Value LP has amassed a stake of about $350 million in CarMax Inc. and sees an opportunity to accelerate the used car retailer’s turnaround under incoming Chief Executive Officer Keith Barr. The activist investor has nominated its own CEO, Jeff Smith, to the CarMax board. (Source: Bloomberg)