BlackRock and Vanguard Step Into Activist Investor Ring22percent
Back in the 1970s and 1980s, “activist investors” were also called corporate raiders. Essentially, these large investors would buy up a company, strip it for parts and sell off the assets. Today, activist investors take on a new, less destructive way to achieve superior returns and hold management accountable. Carl Icahn, an activist investor, is now a household name for his outstanding track record, from Dow Chemical to Apple, by getting management to focus on shareholder value and making operations efficient. Bill Ackman and Daniel Loeb are . . .
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