Activist Hedge Funds Aren’t The Reason Capitalism Is Coming Up Short
ByThere’s no denying that powerful activist hedge funds have increased pressure on America’s largest corporations, often by putting a time-clock on corporate turnarounds, adding an owner to corporate boardrooms, or by placing a spotlight on non-productive assets like excess corporate cash and failing business lines. But, as a campaign emerges to correct an apparent short-termism on Wall Street and in corporate boardrooms, activists aren’t being labeled as a cause of the problem.
Mark Wiseman, chief executive of the over $230 billion Canadian Pension Plan Investment Board, toldForbes he believes activist hedge funds are a just a symptom of myopia in Corporate America and among the asset managers who collectively own the largest companies in North America…
Activist Hedge Funds Aren’t The Reason Capitalism Is Coming Up Short
