Back to News
Podcasts

Activist Investing Today: Barington's Mitarotonda on Avon, Outback Steakhouse and Xerium

By Ronald Orol
|
Published: January 22nd, 2021
The Activist Investing Today podcast takes a look at an activist fund manager who has been taking a private-equity approach to the public markets for almost twenty years.

James Mitarotonda, who has run activist fund Barington Capital since 2000, took some time to speak to The Deal’s Activist Investing Today podcast.

In a wide-ranging conversation, Mitarotonda, says he takes a private-equity approach to public market investments in companies that frequently have high barriers to entry.

However, Mitarotonda acknowledges that he will launch a director-election fight if necessary. For example, Barington is seeking to install two directors onto the board of Xerium Technologies Inc. (XRM) as part of an effort to drive the paper machine manufacturer to explore a “strategic transaction” that he believes would facilitate the refinancing of its debt to more favorable terms.

Beyond, Xerium, Mitarotonda spoke to The Deal about his ongoing campaigns at other well-known companies, such as Outback Steakhouse-owner Bloomin Brands Inc. (BLMN) and beauty products company Avon Products Inc. (AVP), where he has a directorship.

Here’s the podcast:

For more coverage like this, sign up for the Activist Daily.

On June 7th, Jim Cramer and The Deal will host “Corporate Governance 2018,” an exclusive gathering of corporate decision makers and their key advisers to discuss the best strategies to meet and master the latest and most critical challenges in managing their companies to maximize shareholder value. Join an all-star roster of special keynote speakers including Steve Mollenkopf, CEO, Qualcomm Incorporated; Nelson Peltz, Founding Partner & CEO, Trian Fund Management; Paul Singer, Founder, Elliott Management; Ron Shaich, Former CEO, Panera Bread; and many more. Visit here to register.

More From Podcasts