September 12, 2007
Harvard Business Study on Shareholder Activism Shows Mixed Results
According to a new study by a Harvard business school professor, activist shareholders boost stock prices when they persuade management to sell the company, but not in other cases. For example, Carl Icahn's unssuccessful campaign to break up Time Warner did not result in shareholder gains although management effected a stock buyback and cost-cutting measures. WSJ, When Investor Activism Doesn't Pay.
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