Elliott calls for NRG Energy overhaul following disclosure.
Elliott Investment Management has taken a position in NRG Energy for the second time in six years and is calling for a boardroom overhaul and strategic changes at the US power company. The activist investor wants NRG to appoint five new independent board members and unwind its recent acquisition of home security firm Vivint Smart Home. Elliott is asking NRG to implement cost cuts worth $500m and is pushing for a strategic review to help the company refocus on its core business of supplying power.