Starboard’s Jeff Smith Sees Opportunity as Companies Struggle With AI

Starboard is backing the incoming CarMax CEO to reverse the used car retailer’s fortunes.
Photographer: Bloomberg/Bloomberg
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Hi, it’s Dani Burger and Mike Hytha, with a chat today with activist investor Jeff Smith about what AI will mean for Starboard Value’s investments, including its latest in CarMax. Also today, Cintas seals UniFirst acquisition and Galderrma backers make a $6.3 billion exit.

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