Entire Williams Board Caught in Crosshairs of Activist Investor
- Corvex’s Keith Meister compares directors to inferior athletes
- Deadline to nominate potential board directors is Thursday
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Less than two months after failing to oust Williams Cos.’s CEO and resigning as a director for the company, activist investor Keith Meister is broadening his attack on the pipeline giant. Now, he wants the entire board replaced.
Meister, who manages the hedge fund Corvex Management LP, is reigniting his fight with Williams’ leadership by nominating 10 Corvex employees to the board of the Tulsa, Oklahoma-based company, he said in an interview with CNBC on Monday. Meister said the nominees will act as placeholders until qualified candidates can be found.