Headhunting firm CTPartners Executive Search Inc. is the target of an activist campaign that urges the company to find a buyer. Maguire Asset Management is behind the effort, and that investor thinks CTPartners could be worth between $12 and $16 per share, or up to $139 million. As recently as November, CTPartners’ stock was trading around $23 per share. However, starting in December, the New York Post wrote a series of articles that described multiple allegations of a ‘boys club’ culture at CTPartners, where the parties sometimes got too wild and office talk would veer in inappropriate directions, while workers also complained of gender bias and discrimination against mothers. Now, the stock is trading around $6.47. The Deal’s Senior Reporter Lisa Allen has the details from New York.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
