Steven Barg Joins Elliott Management
Steven Barg recently made headlines when he announced his departure from Goldman Sachs to join Elliott Management. At Goldman, Steven was co-head of their M&A shareholder advisory group for Asia as well as overseer for Singapore and Hong Kong investment banking business.
Cardinal has formed a board committee to conduct a review of its strategy, portfolio and capital allocation framework. Led by CEO Jason Hollar and including Barg and Akhil Johri as members.
Early Life and Education
Steven Barg hails from New York and earned an undergraduate degree at Wesleyan University before receiving an MBA degree from Stanford’s Graduate School of Business. Additionally, he served as both a Coro Fellow in public affairs in New York City and Henry Luce Scholar in Hong Kong.
Before joining Goldman Sachs in 2020, Barg had spent 30 years in investment banking as an analyst and participating managing director. He established and led what later became the firm’s Global Activism and Shareholder Advisory practice as well as co-heading their M&A Capital Markets practice for Asia.
He established the Caregiver Mediation Network and trained over 100,000 family and professional caregivers through Fearless Caregiving conferences and workshops. Currently he sits as a member of Cardinal Health’s Board of Directors.
Steven Barg is a Florida Supreme Court Certified Mediator specializing in Elder Care Mediation and Shared Family Decision-making. He has dedicated his life’s work to serving caregivers. Steven has spoken as the keynote speaker at over 200 Fearless Caregiver Conferences across the United States.
Goldman led its M&A Shareholder and Activism Advisory practices and co-head of investment banking for Asia from Singapore. He brings 30 years of capital markets experience.
He recently held the position of representing corporations against activist hedge funds at New York-based firm Elliott Management Corp. Heavily involved in protecting corporations against activist hedge funds such as Elliott Management Corp and rivals Third Point and Pershing Square Capital Management has become big business on Wall Street with many banks increasing their activism defense practices.
Achievement and Honors
Barg is currently on the board of Cardinal Health. Additionally, he serves as global head of corporate engagement at Elliott Investment Management L.P. He previously held positions as managing director and head of equity capital markets for Asia at Goldman Sachs Group Inc. He possesses vast experience defending companies against activist hedge funds such as Elliott when employed at Goldman. Barg graduated from both Wesleyan University and Stanford Graduate School of Business.
Steven is co-founder and publisher of Today’s Caregiver Magazine, as well as Florida Supreme Court Certified Elder Care Mediator and founder/CEO of Family Caregiver Support Network. Additionally, he serves as national speaker on shared decision making in elder care matters.
John worked for Goldman Sachs for 30 years, serving as a participating managing director from 2010 to 2019 – leading its global activism and shareholder advisory practice as well as Asian equity capital markets, integrated capital markets for the firm in Asia, and as managing director at UBS both New York and London.
Barg is best-known as Larry Gopnik in Joel and Ethan Coen’s 2009 film A Serious Man, playing an increasingly anxious university professor. Additionally, Barg has made appearances in The Post (2015), Men in Black III (2012), Blue Jasmine (2013), Pawn Sacrifice (2014) and Arrival (2016).
Elliott Management LLC, one of the world’s busiest activist investors, recently hired Goldman Sachs Group Inc GS.N partner Steven Barg to assist it in pushing companies towards greater performance. Barg spent most of his career in Asia as co-head of Asian Equity Capital Markets at Goldman Sachs as well as global head of activism and shareholder advisory advisory advisory.
Cardinal Health Inc (CAH, -0.97%) recently unveiled a new board committee to evaluate their business. Chaired by CEO Jason Hollar and featuring Barg as its member.
Before joining Goldman Sachs, he ran both Asian equity and integrated capital markets businesses for UBS in Hong Kong. He earned both his BA from Wesleyan University and MBA from Stanford Graduate School of Business.