Pearson’s stock jumped 12 percent Friday on the news that Cevian Capital, one of Europe’s largest activist investors, had built a 5.4 percent stake in the company. The news was made public via a regulatory filing from the Swedish fund late yesterday. The fund bought the stake to influence Pearson’s choice of a new chief executive, according to Bloomberg. Chief executive John Fallon announced at the end of 2019 that he would retire this year after presiding over Pearson’s long, steady decline. The FT notes, “Although Cevian usually takes a board seat at companies it invests in, the approach with […]
