Dennis McCarthy – (213) 222-8260 – email@example.com
Link to New York Times article: http://dealbook.nytimes.com/2012/06/07/once-reticent-investors-join-shareholder-revolts/?emc=eta1
At the end of my last post “Just a Small Leak”, I posed the question whether we could discern a visible trend in shareholder activism or were we simply seeing an isolated incident in the situation I reported.
No sooner did I hit the post button than I found an article with another interesting data point.
This article reports several instances in which typically complacent institutional investors had become vocal, and with great impact.
To quote the article, “When traditionally quieter investors join the chorus, it resonates so much more.” [Dominic J. Auld, a lawyer at Labaton Sucharow who represents institutional investors]
There are likely several catalysts for turning typically silent shareholders into vocal ones including:
(i) the role played by Proxy Advisory firms as I described in my post “Herding Cats”,
(ii) weak stock price performance and
(iii) occasional outrageous corporate behavior which gets wide news coverage.
You can click on the link to find the article entitled, “Once-Reticent Investors Join Shareholder Revolts” by The New York Times “DealBook”.
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