Lazard’s recently released their Review of Shareholder Activism – Q3 2020 which included answers to the following questions: When will activism fully return? Who will be most vulnerable? Will there be a new activist playbook? The new activist playbook includes ESG becoming a “trojan horse” to advance campaigns where management … Read More
Carl Icahn: Latest Activist Positions 13D/G Filings
As a new weekly feature here at The Acquirer’s Multiple, we’re going to take a look at the latest activist positions from some of our favorite superinvestors based on their latest 13D/13G filings. Activist investors like Warren Buffett, Carl Icahn, David Einhorn, Bill Ackman, Paul Singer, Howard Marks. John Paulson, … Read More
Shareholder Activism Is On The Rise: Caution Required
Here’s a great article at Forbes about a new generation of activist shareholders: Historically, large institutional investors pursued purely financial strategies and kept a low profile in governance. This may no longer be the case. In a manner vaguely reminiscent of the corporate raiders of the 1980s, a new generation … Read More
Warren Buffett: “Berkshire Could Be A Rest Home For Activists”
Here’s a great interview with Warren Buffett at Fortune’s Most Powerful Women Conference in which he discusses why he’s not a fan of activists, and the importance of having good communication with your shareholders in the case of an activist surfacing. Here’s an excerpt from the interview: Buffett: Activism is … Read More
How Activist Investing Is Changing
There’s been a lot of discussion about activist investing in the past couple of weeks and how it’s changing. Here’s a great short video at The Financial Times illustrating how activist investing has changed saying: “Last year more than $62bn was deployed by activist investors on their campaigns, double the … Read More