The Deactivated Activists

摘要

Remember the so-called shareholder activist ? That involved investor who press-released, proxy-battled, and bluffed executives into dividends, buybacks, and/or outright sale of the company? Such self-proclaimed unlockers of value (not to be confused with good governance gadflies) were often given to self-righteousness: We win,rnshareholders win, America wins. Or so they claimed.