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SandRidge CEO Firing Takes Hedge Fund Activism to a New Level

TPG-Axon's latest victory over the energy company could signal a new era in which activist investors wield ever more power.

When SandRidge Energy announced Wednesday that its founder, chairman and CEO, Tom Ward, was leaving, the company issued a press release carefully crafted to insinuate that the move was its own timely, strategic decision. “New leadership is in the best interests of the company and its shareholders at this time,”

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