Op-ed: How activist investors are deactivating with proxy battle losses
Publishing timestamp: 2024-05-23 10:56:48
Summary
Activist investors are facing defeat after defeat in proxy fights, raising questions about their credibility and power. Many of today's activists are seen as profiteering and bringing more trouble than they are worth. Proxy advisors are also facing credibility issues. Some argue that the pressure activists bring to bear in pushing for settlements amounts to glorified greenmailing. Overall, the credibility and value of activist investors are increasingly imperiled.
Sentiment: NEGATIVE
Keywords: investment strategy, s&p 500 index, dow jones industrial average, business news,