Goodyear has underperformed by 143% over 10 years – Elliott
The specifics of Elliot Investment Management’s explosive open letter to the Goodyear board reveal that one of the company’s largest shareholders believes “Goodyear has underperformed by 90 per cent over the past five years and 143 per cent over the past ten years” relative to the S&P 400. And relative to proxy peers, key competitors and relevant indices such as the Dow Auto Parts Index, “the story of underperformance is similar”.
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