FTI Consulting: Still Spinning

We are not surprised to see FTI Consulting is still reliably unreliable. This is the firm that famously created fake dark money-funded front groups, fake news sites, and fake social media profiles and has not answered our inquiries about their reported changes. Managing Director Kurt Moeller writes a piece titled “5 Factors Impacting Activists’ Declining…

Quality Shareholder Initiative’s Professor Lawrence Cunningham on New SEC Restrictions on Shareholders

Prof. Lawrence Cunningham, Director of the Quality Shareholders Initiative writes about his concern that the SEC’s new disclosure requirements for activist shareholders will make constructive engagement and oversight more difficult. He does concede, though, that portions of the proposal actually make activist engagement easier. The 2022 proxy season is primed for historic levels of shareholder activism,…

Agenda – Icahn Mulling Proxy Fight at McDonald’s Over … Pigs

The longest-running and highest-profile activist of them all may be mounting a new proxy contest, the first over what might be considered an ESG issue. [Carl Icahn appears to be preparing what could be his first foray into socially conscious investing with inspiration from an unlikely source: pigs. According to the Journal, Icahn is reportedly…

Why Finance Firms Should Pay Attention to Activist Investing

Activist investing was never really an activity for ‘the people’ historically. Perhaps because ‘the people’ hadn’t yet considered how being a shareholder could be used as a form of activism. Now, we find ourselves amid a retail investor boom, and it shows no signs of slowing down. They even have a name tag for this…

Do Hedge Funds Create Value? 3 Lessons From Danone And Unilever

Hedge funds do not have to disclose to the SEC any intentions to exert control of a company if they own less than 5% of a company. These small stakes can still have huge impact, as we have seen at corporate giants like Exxon and Nestle. Even small hedge funds can have significant influence if…

Activision Blizzard, sued for its workplace culture, is facing investor pressure from the Strategic Organizing Center.

The Strategic Organizing Center (formerly Change to Win) is a democratic coalition of four labor unions: Service Employees International Union (SEIU), International Brotherhood of Teamsters (IBT), Communications Workers of America (CWA) and United Farmworkers of America (UFW). Together, SOC-affiliated unions represent more than 4 million workers. In an interview with Slate, SOC’s research director, Richard Clayton,…