Starboard Presses Autodesk for Leadership Change and Cost Reductions

Activist investor Starboard Value urges Autodesk to reassess CEO position and implement cost-cutting measures to enhance financial performance.

Starboard holds a $500 million stake in Autodesk and has been pushing for changes since June.
The investor criticizes CEO Andrew Anagnost's leadership, citing missed financial targets and underperformance.
Starboard highlights Autodesk's accounting issues and poor investor communications as areas of concern.
The activist suggests aligning executive compensation with shareholder value and cutting costs to improve margins.
Autodesk's shares saw a slight increase in premarket trading following the news.