Investor Activism Makes Big Headlines But Where Are The Big Returns?Mark W. Gaffney
As I recounted in Part 1 of the 10 part series on equity activists, in 1926 Benjamin Graham accumulated about $130,000 worth of Northern Pipeline’s undervalued stock (about $1.7 million in today’s dollars), and set out to convince management to “do the right and obvious thing” and pay out its horde of cash to shareholders. The “Northern Pipeline Contest” ushered in the age of activist investing.
exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible