Marcato Capital Management Releases Additional Materials to Shareholders of The Bank of New York Mellon
April 07 2015 - 2:00PM
PR Newswire (US)
SAN FRANCISCO, April 7, 2015 /PRNewswire/ -- Marcato
Capital Management LP ("Marcato"), a San Francisco-based
investment manager that beneficially owns approximately 1.6% of the
outstanding shares of The Bank of New York Mellon Corporation
(NYSE: BK), today released additional materials to shareholders of
The Bank of New York Mellon. The materials can be viewed at
www.ABetterBankofNewYork.com.
Marcato continues to believe that The Bank of New York Mellon is
falling far short of its potential. Current management's
long-term performance targets are too low, which suggests continued
poor execution on controllable expenses and revenue growth
opportunities. Marcato believes meaningful leadership change
at the company is necessary in order to create significant,
long-term shareholder value.
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SOURCE Marcato Capital Management LP
Copyright 2015 PR Newswire
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