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sorry if this is an ignorant question - but what about activist investors and hostile takeovers? shareholder voting rights are still a thing, aren't they?
by jmole 6y ago
sorry if this is an ignorant question - but what about activist investors and hostile takeovers? shareholder voting rights are still a thing, aren't they?
- eries 6y agoI do think there is such a thing as good activism, when investors use their own long-term position in a company to insist on changes and accountability which they plan to benefit from over time. And I also think there is bad activism, which has a different tenor and character. Good governance means, in part, shifting the power structures of the corporation to make it easier to do the good and harder to do the bad kinds of activism.