• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Helper
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees for your businessNEW
    Legal
    Terms of usePrivacy policyCookie policy

    Concerned Shareholders of Cano Health Issue Open Letter Regarding the Board's Entrenchment Maneuvers and Latest Governance Failures

    4/26/23 8:30:00 AM ET
    $CANO
    $CI
    $CSCO
    $DVA
    Medical/Nursing Services
    Health Care
    Medical Specialities
    Health Care
    Get the next $CANO alert in real time by email

    Group Believes Board Has Disregarded Shareholders' Concerns by Appointing Solomon Trujillo as "Independent" Chairman

    Highlights Conflicting Financial Arrangements and Interlocks Among Board Members, Including Mr. Trujillo and Chief Executive Officer Marlow Hernandez

    Reiterates Demand that the Board Respect the Wishes of Shareholders by Making Necessary Leadership Changes or Reopening the Window to Nominate Director Candidates and Submit Proposals at 2023 Annual Meeting

    Elliot Cooperstone, Lewis Gold and Barry Sternlicht (collectively with certain of their affiliates, the "Group" or "we"), who recently resigned as members of the Board of Directors (the "Board") of Cano Health, Inc. ("Cano" or the "Company") (NYSE:CANO), today issued the below letter to shareholders.

    ***

    Fellow Shareholders,

    Our group, which collectively holds an approximately 36% equity position in Cano, is writing in response to the Company's April 17th announcement that Solomon "Sol" Trujillo has succeeded Dr. Marlow Hernandez – the Company's Chief Executive Officer – as Chairman. Mr. Trujillo's appointment is another clear attempt to entrench the current Board and insulate Dr. Hernandez from much-needed accountability. Further, the Company's recent press releases are full of misleading information and ignore the pressing issues on the minds of shareholders. In short, we believe the Board has even further damaged its credibility.

    In our view, all shareholders should take note of the following points:

    We believe the appointment of Mr. Trujillo as Chairman represents a self-interested entrenchment maneuver and slap in the face to concerned shareholders.

    Rather than appointing a new Independent Chairman with deep healthcare services expertise and a reputation for great governance and value creation, the Company instead installed Mr. Trujillo, who is a former telecommunications executive with zero healthcare experience, has a well-documented history of questionable insider deals and is one of the primary enablers of the issues facing Cano today. Mr. Trujillo served for nearly two years as Lead Independent Director of a company that is rife with governance failures, a lack of transparency around related-party transactions and other conflicted arrangements, as well as atrocious financial performance. Mr. Trujillo's unwarranted elevation is yet another slap in the face to Cano shareholders, whose questions regarding conflicts, related-party transactions and oversight of management remain unanswered.

    Mr. Trujillo's past is checkered with examples of cronyism and self-dealing, which is easily verified by a quick Google search. For example: Mr. Trujillo left Australian telecommunications company Telstra Group Limited in 2009 with an $11 million payout after years of shareholder discontent;1 was Chief Executive Officer of U.S. West, Inc. ("U.S. West") when the Colorado Public Utilities Commission found that U.S. West had liberally violated its telecommunication service quality rules and was ordered to refund more than $11 million to customers;2 and, during a three-year stint as Chairman and Chief Executive Officer of Graviton, alienated employees and mismanaged the business – with a former human resources leader saying that the company's demise can be attributed "a great extent" to Mr. Trujillo.3

    Mr. Trujillo is far from independent, given his dealings with Cano and significant ties to other Board members. Examples include the following:

    • Cano, a company in dire financial shape, recently spent hundreds of thousands of dollars sponsoring, alongside multi-billion dollar market capitalization companies, a 2022 conference put on by L'Attitude, LLC, where Mr. Trujillo is Managing Partner.4 These sponsorship expenditures – which appear to provide limited relevant business benefits to Cano – came at a time when the Company was hemorrhaging cash and planning to terminate hundreds of employees. To our knowledge, none of Cano's sponsorship payments to Mr. Trujillo's organization L'Attitude have been disclosed in the Company's filings as a related-party transaction.
    • Encantos, an education technology company chaired by Mr. Trujillo, received funding in 2022 from Morales Capital, a firm owned by Cano Board member and Audit Committee Chair Angel Morales.5
    • Mr. Trujillo and Cano director Jaqueline Guichelaar, who he recruited to the Cano Board, have served together on at least one other board.

    Turning to the other remaining directors, it is confounding that these individuals, who hold or recently held senior positions at well-respected companies and who own almost no stock in Cano other than that received for their Board service, have remained loyal to Dr. Hernandez and Mr. Trujillo. This unfathomable fealty poses a grave risk to their reputations and raises significant questions about boardroom independence. We do not understand why these directors would blindly align themselves with conflicted individuals, who have apparently engaged in self-dealing and are responsible for epic failures of good corporate governance. For reference:

    • Ms. Guichelaar is SVP & General Manager of Customer Experience for Asia Pacific, Japan, and Greater China at Cisco Systems Inc. (NASDAQ:CSCO), previously held other senior roles at that company, and, prior to that, was the Group Chief Information Officer at Thomson Reuters Corporation (NYSE:TRI).
    • Kim M. Rivera is the Chief Legal and Business Officer of OneTrust LLC, a currently private company backed by Coatue, TCV, Softbank and Franklin Templeton. Ms. Rivera previously served as Special Advisor to the CEO, President, Strategy and Business Management and Chief Legal Officer at the Hewlett-Packard Company (NYSE:HPQ) and Chief Legal Officer and Corporate Secretary for DaVita HealthCare Partners Inc. (NYSE:DVA). Ms. Rivera is also currently an independent director at Thomson Reuters (NYSE:TRI).
    • Dr. Alan Muney was formerly the Chief Medical Officer of The Cigna Group (NYSE:CI) and is currently an advisor to Bain Capital and New Enterprise Associates.

    We question how these individuals can credibly serve any company or investment firm while they oversee the egregious governance and ongoing value destruction at Cano.

    Cano's recent communications completely ignore related-party transactions and include misleading statements.

    In its April 17th letter to shareholders, Cano conspicuously avoids addressing the numerous concerns we have raised regarding Dr. Hernandez's pledging of stock for loans, related-party transactions and other evident abuses of power. Shareholders should see through this attempt to gloss over such glaring issues and question why Dr. Hernandez remains CEO of the Company. We also question whether there are additional undisclosed loans involving Dr. Hernandez and look forward to bringing this information to light if and when we learn more.

    Cano also suggests that the three of us approved expansion transactions, self-dealing, questionable loans and other actions that our Group has recently condemned. The reality is that many decisions regarding transactions – dating back to Cano's early days as a public company – seem to have been made on the basis of inaccurate information and flawed projections presented by management. It is disingenuous for the Company to shift the blame for its own malfeasance by saying that we supported each and every decision the Board made when the record will clearly show that we vocally opposed many of these actions and were overruled or just kept out of the loop.

    Further, the Company's continued argument that we are short-term investors is false. All three of us have substantial, decades-long track records of delivering for investors over the long-term at both public and private companies. We are also long-term investors in Cano: Elliot Cooperstone's InTandem Capital Partners invested when Cano was a private company, as did Dr. Lewis Gold. Barry Sternlicht has been an investor since the de-SPAC transaction with his Jaws Acquisition Corp. We have no interest other than delivering great outcomes for shareholders, members and employees. We look forward to providing additional detail about the manner in which a de facto shadow Board ran roughshod over truly independent directors.

    The Board must abide by its responsibility to represent all Cano shareholders by re-opening the nomination and proposal window so shareholders can make their voices heard.

    We have received overwhelming support from our fellow shareholders and believe we speak for well in excess of the majority of shareholders of the Company. We question who this Board thinks it represents if not the shareholders?

    We have not received a response from Cano regarding our demand to re-open the window for the nomination of director candidates and proposing other business at the 2023 Annual Meeting of Stockholders (the "Annual Meeting"). We reiterate that request and stand ready to work constructively to reconstitute the Board.

    In addition, we remain convinced that Dr. Hernandez must be removed as Chief Executive Officer given his poor capital allocation, abysmal performance, and disregard for good corporate governance, transparency and ethics. We believe there are competent senior leaders in the Company who could manage through a transition and help Cano move forward and many qualified healthcare executives have reached out to offer to help restore the Company to a position where it can be successful once again. With new leadership and a reconstituted Board, the Company could free itself from its current governance morass and focus on its great mission of delivering for underserved patients, while creating value for shareholders.

    We look forward to continuing to advocate for the best interests of Cano and all of its shareholders.

    Sincerely,

    Elliot Cooperstone

    Lewis Gold

    Barry Sternlicht

    As a reminder, shareholders can privately contact the Company and request that their feedback be shared with the full Board by emailing [email protected].

    Shareholders may also reach the Group at [email protected]. The Group will keep all conversations confidential, unless otherwise instructed.

    1 Source: https://www.smh.com.au/business/companies/from-the-archives-sol-trujillo-s-11-1-million-farewell-20190225-p51009.html

    2 Source: "Is Sol Trujillo the Most Incompetent Man In Business?" https://www.youtube.com/watch?v=DHb7kVFsW-U

    3 Source: "Is Sol Trujillo the Most Incompetent Man In Business?" https://www.youtube.com/watch?v=DHb7kVFsW-U

    4 Source: https://lattitude.net/sponsor-experiences/

    5 Source: https://www.encantosworld.com/press/encantos-raises-5-7m-to-accelerate-digital-and-physical-subscription-products

    View source version on businesswire.com: https://www.businesswire.com/news/home/20230426005582/en/

    Get the next $CANO alert in real time by email

    Crush Q3 2025 with the Best AI Executive Assistant

    Stay ahead of the competition with Tailforce.ai - your AI-powered business intelligence partner.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Tailforce.ai

    Recent Analyst Ratings for
    $CANO
    $CI
    $CSCO
    $DVA

    CompanyDatePrice TargetRatingAnalyst
    Cisco Systems Inc.
    $CSCO
    6/26/2025$77.00Overweight
    KeyBanc Capital Markets
    Cisco Systems Inc.
    $CSCO
    6/16/2025$73.00Hold → Buy
    Deutsche Bank
    HP Inc.
    $HPQ
    5/29/2025$38.00 → $28.00Hold
    TD Cowen
    Cisco Systems Inc.
    $CSCO
    5/16/2025$70.00Buy → Neutral
    New Street
    Cisco Systems Inc.
    $CSCO
    5/15/2025$75.00Equal Weight → Overweight
    Wells Fargo
    Cisco Systems Inc.
    $CSCO
    5/9/2025Neutral → Buy
    Cleveland Research
    Thomson Reuters Corporation
    $TRI
    4/10/2025$180.00Neutral
    BofA Securities
    HP Inc.
    $HPQ
    2/28/2025$39.00 → $38.00Hold
    TD Cowen
    More analyst ratings

    $CANO
    $CI
    $CSCO
    $DVA
    SEC Filings

    See more
    • SEC Form 11-K filed by The Cigna Group

      11-K - Cigna Group (0001739940) (Filer)

      6/27/25 4:23:33 PM ET
      $CI
      Medical Specialities
      Health Care
    • HP Inc. filed SEC Form 8-K: Leadership Update, Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Financial Statements and Exhibits

      8-K - HP INC (0000047217) (Filer)

      6/25/25 4:30:21 PM ET
      $HPQ
      Computer Manufacturing
      Technology
    • SEC Form 11-K filed by DaVita Inc.

      11-K - DAVITA INC. (0000927066) (Filer)

      6/13/25 4:26:44 PM ET
      $DVA
      Misc Health and Biotechnology Services
      Health Care

    $CANO
    $CI
    $CSCO
    $DVA
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • EVP, Operations Subaiya Thimaya K. sold $571,867 worth of shares (8,726 units at $65.54), decreasing direct ownership by 5% to 174,669 units (SEC Form 4)

      4 - CISCO SYSTEMS, INC. (0000858877) (Issuer)

      6/20/25 4:58:26 PM ET
      $CSCO
      Computer Communications Equipment
      Telecommunications
    • EVP and CFO Herren Richard Scott sold $1,027,244 worth of shares (15,678 units at $65.52), decreasing direct ownership by 5% to 309,543 units (SEC Form 4)

      4 - CISCO SYSTEMS, INC. (0000858877) (Issuer)

      6/20/25 4:50:42 PM ET
      $CSCO
      Computer Communications Equipment
      Telecommunications
    • Director Bush Wesley G was granted 580 shares, increasing direct ownership by 1% to 49,068 units (SEC Form 4)

      4 - CISCO SYSTEMS, INC. (0000858877) (Issuer)

      6/18/25 5:16:31 PM ET
      $CSCO
      Computer Communications Equipment
      Telecommunications

    $CANO
    $CI
    $CSCO
    $DVA
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • KeyBanc Capital Markets initiated coverage on Cisco with a new price target

      KeyBanc Capital Markets initiated coverage of Cisco with a rating of Overweight and set a new price target of $77.00

      6/26/25 8:09:32 AM ET
      $CSCO
      Computer Communications Equipment
      Telecommunications
    • Cisco upgraded by Deutsche Bank with a new price target

      Deutsche Bank upgraded Cisco from Hold to Buy and set a new price target of $73.00

      6/16/25 7:41:22 AM ET
      $CSCO
      Computer Communications Equipment
      Telecommunications
    • TD Cowen reiterated coverage on HP Inc. with a new price target

      TD Cowen reiterated coverage of HP Inc. with a rating of Hold and set a new price target of $28.00 from $38.00 previously

      5/29/25 7:51:37 AM ET
      $HPQ
      Computer Manufacturing
      Technology

    $CANO
    $CI
    $CSCO
    $DVA
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • JLens and ADL Condemn UN Report Targeting Companies for Israel Ties

      TOV ETF Currently Holds All 13 of the U.S. Public Companies Named in Report and Reaffirms Support for Israel-Aligned Investments JLens, a Registered Investment Advisor and sponsor of the JLens 500 Jewish Advocacy U.S. ETF (NYSE:TOV, the "TOV ETF")), along with the Anti-Defamation League (ADL), the world's leading anti-hate organization, strongly condemn the report issued by UN Special Rapporteur Francesca Albanese during the 59th session of the UN Human Rights Council. Titled "From economy of occupation to economy of genocide," the report urges companies to sever ties with Israel, halt operations, and pay reparations. This press release features multimedia. View the full release here: ht

      7/3/25 11:45:00 AM ET
      $ABNB
      $AMZN
      $BKNG
      $BLK
      Diversified Commercial Services
      Finance
      Catalog/Specialty Distribution
      Consumer Discretionary
    • FiscalNote Closes Previously Announced Divestiture of TimeBase for $6.5 Million in Total Consideration

      Latest Non-Core Asset Divestiture Furthers Policy-Centric Growth Strategy and Enables Incremental Debt Reduction, Improved Operating Efficiencies, and Accelerated Path to Positive Free Cash Flow FiscalNote Holdings, Inc. (NYSE:NOTE), the leading provider of AI-driven policy and regulatory intelligence solutions, today announced it has closed the divestiture of its Australian subsidiary, TimeBase, to Thomson Reuters Corporation (TSX/Nasdaq: TRI), a global content and technology company, for total consideration of $6.5 million USD. This transaction further strengthens the Company's balance sheet and contributes to the Company's path to future positive free cash flow. Positive indicators c

      7/1/25 7:01:00 AM ET
      $NOTE
      $TRI
      Business Services
      Consumer Discretionary
      Publishing
    • Cisco & Wells Fargo to Host Silicon One Tech Talk

      SAN JOSE, Calif., June 30, 2025 /PRNewswire/ -- Cisco (NASDAQ:CSCO) will host a Tech Talk to discuss Silicon One. The session will be led by Martin Lund, EVP, Common Hardware Group, and Rakesh Chopra, SVP & Fellow for Silicon One. Interested parties can find more information on Cisco's Investor Relations website at investor.cisco.com Date: Friday, July 11, 2025 Time: 8:00 AM (PT); 11:00 AM (ET) Cisco Speakers: Martin Lund, EVP, Common Hardware Group Rakesh Chopra, SVP & Fellow for Silicon One Host: Aaron Rakers, Managing Director, Wells Fargo For the direct link to pre-registe

      6/30/25 4:05:00 PM ET
      $CSCO
      Computer Communications Equipment
      Telecommunications

    $CANO
    $CI
    $CSCO
    $DVA
    Financials

    Live finance-specific insights

    See more
    • The Cigna Group's Second Quarter 2025 Earnings Release Details

      BLOOMFIELD, Conn., June 25, 2025 /PRNewswire/ -- Global health company The Cigna Group (NYSE:CI) will release its second quarter 2025 financial results on Thursday, July 31, 2025, and will host a conference call the same day. Second quarter 2025 financial results will be released no later than 6:30 a.m. Eastern Time (ET). Management will review these results on a conference call beginning at 8:30 a.m. ET. The call-in numbers are as follows: Live Call(888) 566-1889 (Domestic)(773) 799-3989 (International)Passcode: 07312025 Replay(800) 835-8067 (Domestic)(203) 369-3354 (Internat

      6/25/25 8:00:00 AM ET
      $CI
      Medical Specialities
      Health Care
    • HP Inc. Declares Dividend

      PALO ALTO, Calif., June 10, 2025 (GLOBE NEWSWIRE) -- HP Inc. (NYSE:HPQ) has declared a cash dividend of $0.2894 per share on the company's common stock. The dividend, the fourth in HP's fiscal year 2025, is payable on October 1, 2025, to stockholders of record as of the close of business on September 10, 2025. HP has approximately 0.9 billion shares of common stock outstanding. About HP Inc. HP Inc. (NYSE:HPQ) is a global technology leader and creator of solutions that enable people to bring their ideas to life and connect to the things that matter most. Operating in more than 170 countries, HP delivers a wide range of innovative and sustainable devices, services and subscriptions

      6/10/25 4:15:00 PM ET
      $HPQ
      Computer Manufacturing
      Technology
    • HP Inc. Reports Fiscal 2025 Second Quarter Results

      PALO ALTO, Calif., May 28, 2025 (GLOBE NEWSWIRE) -- HP (NYSE:HPQ) Second quarter GAAP diluted net earnings per share ("EPS") of $0.42, down 31% from the prior year periodSecond quarter non-GAAP diluted net EPS of $0.71, down 13% from the prior year periodSecond quarter net revenue of $13.2 billion, up 3.3% from the prior-year periodSecond quarter net cash provided by operating activities of $38 million, free cash flow of $(95) millionSecond quarter returned $0.4 billion to shareholders in the form of dividend and share repurchases HP Inc.'s fiscal 2025 second quarter financial performance  Q2 FY25 Q2 FY24 Y/YGAAP net revenue ($B) $13.2  $12.8  3.3%GAAP operating margin  4.9%  7.4% (2.5

      5/28/25 4:15:14 PM ET
      $HPQ
      Computer Manufacturing
      Technology

    $CANO
    $CI
    $CSCO
    $DVA
    Leadership Updates

    Live Leadership Updates

    See more
    • The Cigna Group Announces Appointment of Michael J. Hennigan to Board of Directors

      BLOOMFIELD, Conn., June 2, 2025 /PRNewswire/ -- Global health company The Cigna Group (NYSE:CI) announced today that Michael J. Hennigan has been appointed to the organization's Board of Directors. His appointment is effective June 2. Mr. Hennigan is the Executive Chairman of Marathon Petroleum Corporation (MPC), an integrated downstream energy company, and MPLX, a diversified master limited partnership formed by MPC. He joined the company in 2017 and previously held the roles of Chief Executive Officer of MPC and Chairman, President and Chief Executive Officer of MPLX. Prior

      6/2/25 4:30:00 PM ET
      $CI
      Medical Specialities
      Health Care
    • Cisco Joins Stargate UAE Initiative

      Cisco to collaborate with G42, OpenAI, Oracle, NVIDI, and SoftBank Group to power AI innovation and infrastructure development in recently announced UAE-US AI Campus in Abu Dhabi News Summary Cisco to provide networking, security and observability hardware and software solutions for OpenAI workloads, advancing AI infrastructure in the Middle East. Strategic partnership supports the Stargate Project's commitment to safe, broadly distributed AI development and responsible capital stewardship.MOU signed by Cisco's Chair and Chief Executive Officer, Chuck Robbins, together with G42, OpenAI, Oracle, NVIDIA and SoftBank Group.MOU aligns with President Trump's visit to the region last week and comp

      5/22/25 11:26:00 AM ET
      $CSCO
      Computer Communications Equipment
      Telecommunications
    • Cisco Expands Partnership with Saudi Arabia to Power the AI Future

      Cisco to Join HUMAIN's Initiative to Build the Kingdom's Future AI Infrastructure News Summary: Cisco to partner with Saudi Arabia's new HUMAIN AI enterprise to power AI infrastructure and ecosystem growth.New investments in research, talent and digital skills aim to accelerate the Kingdom's AI journey.The partnership supports Vision 2030 by advancing Saudi Arabia's transformation into a leading, diversified digital economy.RIYADH, Saudi Arabia, May 13, 2025 /PRNewswire/ -- Cisco, the global leader in networking and security, today announced a groundbreaking initiative with HUMAIN – Saudi Arabia's new AI enterprise – to help build the world's most open, scalable, resilient and cost-efficien

      5/13/25 1:26:00 PM ET
      $CSCO
      Computer Communications Equipment
      Telecommunications

    $CANO
    $CI
    $CSCO
    $DVA
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by HP Inc.

      SC 13G/A - HP INC (0000047217) (Subject)

      11/12/24 3:53:24 PM ET
      $HPQ
      Computer Manufacturing
      Technology
    • SEC Form SC 13G filed by The Cigna Group

      SC 13G - Cigna Group (0001739940) (Subject)

      11/12/24 9:55:14 AM ET
      $CI
      Medical Specialities
      Health Care
    • Amendment: SEC Form SC 13G/A filed by HP Inc.

      SC 13G/A - HP INC (0000047217) (Subject)

      11/4/24 11:50:16 AM ET
      $HPQ
      Computer Manufacturing
      Technology