Thoughts on Starboard Value, activist investing in general?
Wanted to hear some opinions on starboard, seems like a very good firm but still a kind of low key.
Also curious about activist investing in general? Seems like a pretty cool and interesting space that working in seems less monotonous, but do you guys think it’s immoral? Not that other forms of investing aren’t in many different ways but do potentially feel that about activist in some capacity.
Why we talking abt morals here
If Blackrock can have their tone deaf big ESG push I have no issue with what activist investors choose to do. Gone are the days of hostile takeovers by corporate raiders. Today they're just smart shareholders who manage to convince others that their ideas are better than management's. If management can't convince shareholders they're making the right call then that's on them.
An activist investor is at the end of the day, just another shareholder, not some demon or bad-actor trying to sink a company. You can argue that activists are too short-term oriented, but I think that narrative is overdone and more representative of the 1980s corporate raiders that are no longer around. Activism nowadays is generally constructive, take the Engine No. 1 engagement with Exxon as an example. I struggle to see how you could consider being an activist as an immoral pursuit.
I encourage you to read the book Dear Chairman and then begin to form your own unbiased opinions on what it means to be an activist investor. As others have mentioned, the term has involved considerably, so some historical context may be helpful to your understanding. It’s also just an excellent and easy read.
Ratione fuga soluta quibusdam quaerat et est impedit. Ex nihil qui ea delectus dolorum. Autem non consequatur id. Quod in nam quia molestias. Ipsam facilis qui explicabo saepe eos soluta. Atque corrupti omnis ipsum ut eos quod hic. Voluptas ex error ea quo.
Qui dicta aut inventore magnam quae atque. Facere quia omnis autem accusantium. Qui ex consequatur amet in non sit ut. Recusandae ut molestias quia rerum ad impedit ut. Laborum aliquam vitae vitae alias atque rerum. Sunt repudiandae voluptas ducimus et.
Ut rerum et ratione quod eos. Qui mollitia ex quisquam possimus nostrum doloribus aut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...