The Economist (February 7)
2015/ 02/ 08 by jd in Global News
“Despite their flaws and excesses, activists are a force for good.” These investors “are often loathed by public-company bosses for their belligerence and opportunism. But the bosses are wrong. Activists are in fact the public company’s unlikely saviours.” Activist investors “fill a governance void that afflicts today’s public companies,” which are increasingly held by passive investors. They wake “lazy investors” up with their activist complaints, making “it harder for investors to stay on the sidelines.”
Tags: Activists, Excesses, Flaws, Governance, Investors, Opportunism, Passive investors
