Dissident shareholder seeks to dethrone Maria Bartiromo’s husband at WisdomTree

Jonathan Steinberg, husband of Fox News’ Maria Bartiromo, risks being ejected from the management suite at WisdomTree Investments.

WisdomTree specializes in creating exchange-traded funds, or ETFs—a hot commodity on Wall Street—but the company’s stock price has eroded by 80% since 2015. The firm’s largest shareholder says time is up for Steinberg, its founder.

ETFS Capital, which disclosed this month it had amassed a 10.5% stake, intends to nominate two directors at the upcoming annual meeting, WisdomTree said in a statement Friday. One nominee is intended to replace Steinberg, the Financial Times reported.

A WisdomTree spokesman said Steinberg is not leaving the board because his seat is not up

→ Continue reading at Crain's New York Business

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