Klaus Kleinfeld

Klaus Kleinfeld abruptly resigned from his post as CEO of Arconic Inc (NYSE: ARNC) (formerly Alcoa Inc.) after writing an unauthorized letter to activist investor Elliott Management. The hedge fund viewed the letter as being "a threat to intimidate or extort a senior officer." Kleinfeld's apparent...

A proxy battle between Arconic Inc (NYSE: ARNC) and Elliott Management, an activist investor and major shareholder, ended on Monday. As part of an agreement between the two entities, Elliott will nominate three cirectors and Arconic will elect two members on May 25. Deutsche Bank's Jorge...

Shares of Arconic Inc (NYSE: ARNC) were trading down Tuesday after an initially positive market reaction to the departure of CEO Klaus Kleinfeld. Kleinfeld resigned Monday after sending an unauthorized letter to activist stakeholder Elliott Management, according to Arconic’s announcement of...

A group of more than two dozen CEOs have been tapped by President Donald Trump to create recommendations to grow the American manufacturing sector. The group convenes at a time when Trump is pledging to cut corporate taxes, slash regulations and also heavily tax companies that outsource...

Alcoa Inc (NYSE: AA)'s quarterly earnings report marks the unofficial start to earnings season. This time around there is a lot riding on its earnings report, at least according to Bloomberg. Alcoa will report its final earnings report on Tuesday before the 128-year-old company splits into two...

Shares of Alcoa Inc (NYSE: AA) were trading lower by more than 2 percent on Wednesday after the company provided an update on its proposed spin-off of its business. Alcoa announced back in September 2015 it will split its Value-Add and Upstream businesses into two separate public companies by...

Alcoa Inc (NYSE: AA) reported second-quarter numbers on Wednesday which came below analysts' expectations. Revenue for the quarter rose 1 percent year-over-year to $5.9 billion, while earnings increased to $140 million from $138 million it reported for the same quarter last year. Alcoa CEO,...

Alcoa Inc (NYSE: AA) came out with better-than-expected quarterly numbers on Wednesday on back of a turnaround in the company's smelting business. The company reported EPS of $0.14 for the quarter, compared to a loss of $0.16 in the same quarter last year. Revenue for the quarter came at $5.82...

The third-largest producer of aluminum in the world, Alcoa Inc (NYSE: AA), announced Monday morning that it will be acquiring Germany-based castings company TITAL. Klaus Kleinfeld, chairman and CEO at Alcoa, was on CNBC to discuss the deal and the company’s further expansion in the...

Privately, CEOs are probably like most people, fed up with gridlock in Washington and feeling somewhat powerless to do anything about it. Based on the “polite declines” Benzinga received when reaching out to several corporate leaders for comment, however, many preferred to keep...