Value Based Management – A Poison Pill against Activist Investors

Value Based Management – A Poison Pill against Activist Investors
Activist investors have been lauded and criticized by many. The Economist magazine recently published a special report on these investors, dubbing them the saviors of capitalism. Yet many CEOs dread the moment they will pick up the phone and an activist will be on the other end asking for more share -buybacks, spin-offs of subsidiaries, or disinvestments.
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Strategic Planning Done the Right Way

Strategic Planning Done the Right Way

A common misconception is that “free market” proponents – and their most recognized advocate, Eugene Fama, Nobel Prize laureate – believe that stock markets are perfect. This is false. Markets are not perfect, but as Fama proclaims, they are relatively efficient. Acknowledging that markets are efficient is important: a relatively efficient market can provide information Read More Strategic Planning Done the Right Way