Hedge fund managers do it. Very high net worth individuals do it. And just occasionally, pension funds and similar institutions do it too. If you haven’t guessed, I’m talking about shareholders who have a tendency towards activism. While most investors are content to passively collect the dividend payments while holding shares in a particular company, some will deploy their voting muscle in support of radical change. In practice, that could mean a campaign to ditch a CEO, divest a part of the business, move manufacturing to a cheaper location or cut down on staff. Generally, the goal is increased shareholder value, as the activist sees it.
But there
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