|
Shareholder Activism
Shareholder activism is a form of activism in which shareholders use equity stakes in a corporation to put pressure on its management. A fairly small stake (less than 10% of outstanding shares) may be enough to launch a successful campaign. In comparison, a full takeover bid is a much more costly and difficult undertaking. The goals of shareholder activism range from financial (increase of shareholder value through changes in corporate policy, cost cutting, etc.) to non-financial (disinvestment from particular countries, etc.). Shareholder activists can address self-dealing by corporate insiders, although large stockholders can also engage in self-dealing to themselves at the expense of smaller minority shareholders. Shareholder activism can take any of several forms: proxy battles, publicity campaigns, shareholder resolutions, litigation, and negotiations with management. Daniel Loeb, head of Third Point Management, is notable for his use of sharply written letters directed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Activism
Activism consists of efforts to promote, impede, direct or intervene in social, political, economic or environmental reform with the desire to make Social change, changes in society toward a perceived common good. Forms of activism range from Mandate (politics), mandate building in a community (including writing letters to newspapers), petitioning elected officials, running or contributing to a political campaign, preferential patronage (or boycott) of businesses, and demonstrative forms of activism like rallies, street marches, Strike action, strikes, sit-ins, or hunger strikes. Activism may be performed on a day-to-day basis in a wide variety of ways, including through the creation of art (artivism), computer hacking (hacktivism), or simply in how one chooses to spend their money (economic activism). For example, the refusal to buy clothes or other merchandise from a company as a protest against the Exploitation of labour, exploitation of workers by that company could be cons ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Forbes
''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The company is headquartered in Jersey City, New Jersey. Sherry Phillips is the current CEO of Forbes as of January 1, 2025. Published eight times per year, ''Forbes'' feature articles on finance, industry, investing, and marketing topics. It also reports on related subjects such as technology, communications, science, politics, and law. It has an international edition in Asia as well as editions produced under license in 27 countries and regions worldwide. The magazine is known for its lists and rankings, including its lists of the richest Americans (the Forbes 400, ''Forbes'' 400), of 30 notable people under the age of 30 (the Forbes 30 Under 30, ''Forbes'' 30 under 30), of America's wealthiest celebrities, of the world's top companies (the Fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carl Icahn
Carl Celian Icahn (; born February 16, 1936) is an American businessman and investor. He is the founder and controlling shareholder of Icahn Enterprises, a public company and diversified conglomerate holding company based in Sunny Isles Beach, Sunny Isles Beach, Florida. Icahn's business model is to take large stakes in companies that he believes will appreciate from changes to corporate policy; Icahn then pressures management to make the changes that he believes will benefit shareholders, and him. Widely regarded as one of the most successful hedge fund managers of all time and one of the greatest investors on Wall Street, he was one of the first activist shareholders and is credited with making that investment strategy mainstream for hedge funds. In the 1980s, Icahn developed a reputation as a "corporate raider" after profiting from the hostile takeover and asset stripping of Trans World Airlines. Icahn is on the Forbes 400, ''Forbes'' 400 and has a net worth of approximately ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Isaac Le Maire
Isaac Le Maire (c. 1558 in Antwerp – September 20, 1624 in Egmond aan den Hoef) was a Dutch entrepreneur, investor, and a sizeable shareholder of the Dutch East India Company (VOC). He is best known for his constant strife with the VOC, which ultimately led to the discovery of Cape Horn. Isaac Le Maire was born in 1558 or 1559 in Antwerp. His father (Jacques le Maire) and his uncle (Adam le Maire) were merchants from Tournai who became citizens of Antwerp in 1555. The le Maire-family traded with the Baltic (Narva) within a wider network of traders with roots in Tournai like the Van de Walle family. Isaac would eventually become the brother-in-law of Jacques van de Walle, a pioneer in the trade with Russia and Archangel. Isaac had four brothers, three of whom were merchants. Already in 1584 he was registered in Antwerp as a wealthy grocer. At the time, he was also captain of the company of the Antwerp schutterij, militia. He rented the house of ''Bourgognien Schilt'', but ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Malcolm Greene Chace
Malcolm Greene Chace (March 12, 1875 – July 16, 1955) was an American financier and textile industrialist who was instrumental in bringing electric power to New England. He was a pioneer of the sport of ice hockey in the United States, and was Yale University's first hockey captain. He was also an amateur tennis player whose highest ranking was U.S. No. 3 in 1895. Personal life Chace was born March 12, 1875, in Central Falls, Rhode Island into the illustrious Chace family. Malcolm's great-grandfather Oliver Chace was a textile mill owner, whose company later became Berkshire Hathaway. His grandmother was anti-slavery activist Elizabeth Buffum Chace. His parents were Brown University chancellor Arnold Buffum Chace and Eliza Greene Chace. His son, Malcolm Greene Chace, Jr. and grandson Malcolm Greene Chace III also became directors of Berkshire Hathaway. Chace briefly attended Brown University, but transferred to Yale and graduated from Yale's Sheffield Scientific School in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Benjamin Graham
Benjamin Graham (; Given name, né Grossbaum; May 9, 1894 – September 21, 1976) was a British-born American financial analyst, economist, accountant, investor and professor. He is widely known as the "father of value investing", and wrote two of the discipline's founding texts: Security Analysis (book), ''Security Analysis'' (1934) with David Dodd, and ''The Intelligent Investor'' (1949). His investment philosophy stressed independent thinking, emotional detachment, and careful security analysis, emphasizing the importance of distinguishing the price of a stock from the value of its underlying business. After graduating from Columbia University at age 20, Graham started his career on Wall Street, eventually founding Graham–Newman Corp., a successful mutual fund. He also taught investing for many years at Columbia Business School, where one of his students was Warren Buffett. Graham later taught at the UCLA Anderson School of Management, Anderson School of Management at the Un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Phoenix Companies
The Phoenix Companies, Inc., is a financial services company that traces its origins to 1851. Phoenix was acquired bNassau Financial Groupin 2016 and remains headquartered in Hartford, Connecticut, with 650 employees as of 2015. History The Phoenix Companies comprises a number of businesses that trace their origins to the mid-19th century. 19th century In 1851, the oldest predecessor of The Phoenix Companies, The American Temperance Life Insurance Company, was founded. The American Temperance Life Insurance Company was a part-mutual, part-stock company that insured only those who abstained from alcohol and was founded by a group of prominent Hartford businessmen as well as religious and civic leaders. As the temperance movement began to wane, American Temperance Life Insurance Company changed its name to Phoenix Mutual Life Insurance Company in 1860, accepting all customers. The company's new name is in reference to the mythological Phoenix, rather than the city. In 1857, an agent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cyrus S
Cyrus () is a Persian-language masculine given name. It is historically best known as the name of several Persian kings, most notably including Cyrus the Great, who founded the Achaemenid Empire in 550 BC. It remains widespread among Zoroastrians, particularly in India, and is also relatively common in the Anglophone world. Etymology Cyrus, as a word in English, is the Latinized form of the Greek Κῦρος, ''Kȳros'', from Old Persian ''Kūruš''. According to the inscriptions, the name is reflected in Elamite ''Kuraš'', Babylonian ''Ku(r)-raš/-ra-áš'' and Imperial Aramaic ''kwrš''. The modern Persian form of the name is '' Kūroš''. The etymology of Cyrus has been and continues to be a topic of discussion amongst historians, linguists, and scholars of Iranology. The Old Persian name "kuruš" has been interpreted in various forms such as "the Sun", "like Sun", "young", "hero," and "humiliator of the enemy in verbal contest" and the Elamite "kuraš" has been tra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Washington And Lee Law Review
The ''Washington and Lee Law Review'' is a law review published four times each year by the Washington and Lee University School of Law and founded in 1939. It presents lead articles contributed by leading scholars, judges, and lawyers, as well as student notes. Student writers are chosen during the summer after their first year of law school based upon grades and the results of a writing competition. Each staff writer develops a topic for original legal research Legal research is "the process of identifying and retrieving information necessary to support legal decision-making. In its broadest sense, legal research includes each step of a course of action that begins with an analysis of the facts of a prob ..., and writes over the course of the second year under the supervision of a faculty advisor and student editor. Selected writers continue as editors in the third year of law school. References External linksOfficial website {{Washington and Lee University, state=uncolla ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Governance
Corporate governance refers to the mechanisms, processes, practices, and relations by which corporations are controlled and operated by their boards of directors, managers, shareholders, and stakeholders. Definitions "Corporate governance" may be defined, described or delineated in diverse ways, depending on the writer's purpose. Writers focused on a disciplinary interest or context (such as accounting, finance, corporate law law, or management) often adopt narrow definitions that appear purpose specific. Writers concerned with regulatory policy in relation to corporate governance practices often use broader structural descriptions. A broad (meta) definition that encompasses many adopted definitions is "Corporate governance describes the processes, structures, and mechanisms that influence the control and direction of corporations." This meta definition accommodates both the narrow definitions used in specific contexts and the broader descriptions that are often presented as au ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Online Petition
An online petition (or Internet petition, or e-petition) is a form of petition which is signed online, usually through a form on a website. Visitors to the online petition sign the petition by adding their details such as name and email address. Typically, after there are enough signatories, the resulting letter may be delivered to the subject of the petition, usually via e-mail. The online petition may also deliver an email to the target of the petition each time the petition is signed. Pros and cons Pros * The format makes it easy for people to make a petition at any time. * Several websites allow anyone with computer access to make one to protest any cause, such as stopping construction or closure of a store. Cons * Because petitions are easy to set up, the site can attract frivolous causes, or jokes framed in the ostensible form of a petition. * Online petitions may be abused if signers use pseudonyms instead of real names, thus undermining its legitimacy. * Verificat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MCI Inc
MCI, Inc. (formerly WorldCom and MCI WorldCom) was a telecommunications company. For a time, it was the second-largest long-distance telephone company in the United States, after AT&T. WorldCom grew largely by acquiring other telecommunications companies, including MCI Communications in 1998, and filed for bankruptcy in 2002 after an accounting scandal, in which several executives, including CEO Bernard Ebbers, were convicted of a scheme to inflate the company's assets. In January 2006, the company, by then renamed MCI, was acquired by Verizon Communications and was later integrated into Verizon Business. WorldCom was originally headquartered in Clinton, Mississippi, before moving to Ashburn, Virginia, when it changed its name to MCI. History Foundation In 1983, in a coffee shop in Hattiesburg, Mississippi, Bernard Ebbers and three other investors formed Long Distance Discount Services, Inc. based in Jackson, Mississippi, and in 1985, Ebbers was named chief executi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
