He’s baaaaaack!
Last March, Jeffrey Smith and his activist hedge fund firm, Starboard Value, reached a compromise agreement with Insperity. Under the deal, the Kingwood, Texas provider of human-resources services to small and mid-sized companies agreed to appoint two nominees from Starboard — including Starboard managing member Peter Feld — to its board of directors and promised to add at a later time a third nominated by Starboard and agreed-upon by the company.
