Activist investors are both greening and greying

ACTIVIST INVESTORS have some menacing tools of the trade. First comes the phone call, letting a boss know they have a new arrival on the share register. Then there is the slide deck, enumerating all the failings for which the boss is supposedly responsible. Sometimes the body language when predator and prey meet for the first time can be the most unsettling. In 2015, when Trian Partners, one of the biggest activist funds, took a $2.5bn stake in GE, an American conglomerate, its founders, Nelson Peltz and Ed Garden, wore tailored suits—with sneakers—to their first meeting with Jeff Immelt, then GE’s boss. “That note of

→ Continue reading at The Economist

Similar Articles

Advertisment

Most Popular

Loyd leads 5 Seattle starters in double figures, Storm win

Jewell Loyd scored 13 of her 18 points in the first quarter to lead six Seattle players in double figures, and the Storm cruised...

Fill-in Fraley homers off Bieber; Gilbert and Mariners beat Indians 6-2

Jake Fraley homered off AL Cy Young Award winner Shane Bieber after replacing the injured Mitch Haniger, and the Seattle Mariners beat the Cleveland...

'The Outer Worlds 2' is a thing that exists

Today's Microsoft / Bethesda game showcase was the venue for Obsidian to announce that The Outer Worlds 2 is coming. We know that the...