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A hedge-fund wunderkind, top YouTube talent managers, and what Robert Shiller’s worried about

Here are the top business stories this week, including stories on a hedge-fund wunderkind, top YouTube talent managers, and what Robert Shiller's worried about.
A shot of the view from 30 Park Place in downtown Manhattan.

Meet the 39-year-old hedge fund star most people have never heard of who bought a $30 million penthouse on Wall Street

Elliott Management's 39-year-old star Jesse Cohn has been behind some of the biggest shareholder battles — and been rewarded handsomely for it.

AT&T plans to sell its Puerto Rico business for almost $2 billion amid pressure from activist hedge fund Elliott Management

The telecommunications provider said the proceeds from the sale will go toward reducing its debt load.
Comcast CEO Brian Roberts.

10 companies that spent more than $1 billion in ads so you’d buy their products

According to Ad Age's 2019 report, companies from tech giants like Google to media empire Comcast spent a record $163 billion on advertising in 2018.
Union members in front of an AT&T office during a strike by the Communication Workers of America.

As a union leader, I’ve learned one big lesson: Workers can’t just rely on promises from CEOs

As a recent strike against AT&T shows, workers have to fight to get the fair pay and benefits they deserve.
DirecTV satellite dishes are seen on an apartment roof in Los Angeles

AT&T climbs amid reports it’s looking to part ways with DirecTV

The report comes after activist hedge fund Elliott Management said AT&T should consider selling assets like DirecTV.

Inside McDonald’s marketing changes, rising CMOs, and Quartz’s membership model

McDonald's move to pick a new agency runs counter to the data-driven trend that's been driving marketing.

AT&T accused of creating fake DirecTV Now accounts to improve numbers ahead of $85 billion Time Warner deal

Executives in the sales department including Brian Shay, the president of sales of distribution, actively encouraged the practice, the lawsuit said.

AT&T CEO’s rumored exit reportedly triggered activist hedge fund Elliott Management’s recent investment

Elliott Management announced its $3.2 billion stake in AT&T last week along with a 23-page report detailing concerns about the company's leadership.

Trump taunts AT&T as the owner of ‘VERY LOW RATINGS’ CNN, praises activist investment in the company

Elliott Management announced a $3.2 billion stake in AT&T on Monday and said the company's stock could be worth 50% more.