Tag Archives: activist investors

On the ethics front …

Investor relations professionals need to stand on our own ethically, thinking through and following our convictions on what’s right or wrong. The Wall Street Journal brought a reminder yesterday of the need for personal responsibility with news that the head of investor relations for Deutsche Bank has been dismissed.
You may remember the story earlier (”Someone [...]

Someone should’ve said No

Well, there’s knowing your shareholders – and then there’s going way too far.
The German magazine Der Spiegel reports today that the country’s largest bank, Deutsche Bank, hired private investigators to look into members of its management and supervisory boards – and a pesky shareholder.
To be sure, the bank was investigating information leaks it saw as threatening [...]

Go out & play defense!

The rummage sale level of stock prices has produced an uptick in hostile takeover activity - and in the fear of unwanted suitors - according to the March 2009 issue of Mergers & Acquisitions magazine. As might be expected, there’s a step-up in defensive play among CEOs, boards and investor relations people:
Until last year, the [...]

Aggressive activists usually succeed

No one on the corporate side wants to get that confrontational call or letter from a hedge fund or investor demanding a change in management. But a paper by two New York University profs in the February 2009 Journal of Finance concludes shareholder activism works - for shareholders, that is.
The study draws upon 151 hedge fund activist [...]

The Shifting Sands of Activist Investing

For about the past 6 – 7 years there has been a quiet revolution occurring in corporate governance. It has been an interesting process to watch as shareholders, usually led by union pension funds, have pushed for reforms in anti-takeover provisions, …