Activists Fail To The Sum Of Short-Termism In Financial Markets
Perhaps the decisive factor in how activists are perceived these days is the speed with which they move, pushing for board seats or major changes immediately after they disclose their investment and often selling their stake within a couple of years. Few if any criticisms of activists neglect to describe them as adding to the sum of short-termism in financial markets.
Activists
One activist’s campaign is playing out a little differently. When Nelson Peltz was invited to invest in General Electric by CEO Jeff Immelt as an endorsement of the company’s strategic transformation, he warned . . .
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