Why no complex situations / shareholder defense people on sell side end up at activist funds? Exit ops out of that product otherwise?
And as a corollary to this, what do you think the future holds for Activist funds? Declining industry? Poised for a comeback through SPACs? Thanks!
Shareholder and activism defense jobs are bullshit. They scare CEO's and boards into engagement letters for the banking groups by pulling factset 101 numbers to scare them shitless about potentially losing their jobs, for protection on their companies dime. Basically DC lobbyist's within banking.
ECM groups with fancy names and Ex-DC hires. It's ECM Business Development and Pre-golden handshake protectionism
Understood. Thanks so much for weighing in.
Haha that makes sense. So what do they "actually do" once said board has been effectively spooked by a case study of what Jana is doing to Zendesk?
lol nothing. They got the engagement letter, right?
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