• How Athenahealth's Jonathan Bush Lost to Elliott Management

    6 monthes ago - By Fortune

    Everyone who knows Jonathan Bush- Athenahealth's CEO and co-founder, who resigned Wednesday following reports of inappropriate behavior-knows he says things public company CEOs aren't supposed to say. Still, they probably wouldn't have cost Bush his job had it not been for Elliott Management, the activist hedge fund that a month ago made a hostile takeover bid for Athenahealth-and which has an unprecedented knack for toppling leaders, corporate and political.
    I got to know Bush back in 2014 when he was facing another hedge fund manager who was publicly shorting Athenahealth's stock. And by...
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  • The Blunt Truth About athenahealth's Jonathan Bush

    The Blunt Truth About athenahealth's Jonathan Bush

    6 monthes ago - By Fortune

    Jonathan Bush stepped down today as president and CEO of athenahealth, the cloud-based healthcare data company he founded in 1997, amid pressure from an outside investor, Elliott Management, to take the company private or explore a sale. Elliott, the activist hedge fund run by Paul Singer, has offered $160 a share for the company , or just under $6.5 billion. My colleague Sy Mukherjee has the story here .
    In recent weeks, the 49-year-old Bush, who also gave up his seat on the board today, had been accused by some of inappropriate behavior in the workplace. And in late May, he acknowledged...
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