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Corporate activism isn’t about having the biggest stake, its about rallying other shareholders around your cause. All else equal a bigger stake gives you more
by adam_arthur 4y ago
Corporate activism isn’t about having the biggest stake, its about rallying other shareholders around your cause.
All else equal a bigger stake gives you more leverage, but its still possible to influence company decision making with a smaller stake by getting other shareholders on your side
- nostromo 4y agoWell, they're going to need to sway two big investors named Page and Brin, who still own 51% of voting rights. They designed it this way to prevent activist shareholders who tend to be very focused on the short-term.
- voakbasda 4y agoInstead, they hired managers and executives that focused on short-term ad revenue. Who needs activism when you can self-sabotage.
- vuln 4y agoIt would take so long Google to bleed itself dry through self sabotage. I'd imagine they're both checked out, they have enough money to be really comfy for the rest of their lives.
- ryloric 4y agoIt sucks but still better than having pieces of them spin-off and sold by some private equity people.
- voakbasda 4y agoIs it better, really? Maybe some of their products would have survived by being spun off, rather than contributing to the running joke that is Google’s project graveyard. They have ruined and abandoned a great many projects, likely at the direct expense of their shareholders.
- loeg 4y agoSure. Is there any evidence this investor has done so?
- deleted 4y ago[deleted]