Once known by terms like "asset strippers" or "corporate raiders," activist investors -- shareholders who take large stakes in a company and pressure or replace its management in order to raise share prices -- have now entered the mainstream and are spreading like wildfire. Hundreds of companies are being singled out by activist investors, who are hungrily adding European firms to their target list after having nearly saturated the US market. Most recently, financier Nelson Peltz set his eyes on Proctor & Gamble (P&G), disclosing a $3.5 billion stake in the consumer goods behemoth and announcing that he's vying for a seat on the board. The move came a few weeks after...read more.
Unionized campaign organizers working for Sen. Bernie Sanders’s presidential effort are battling with its management, arguing that the compensation and treatment they are receiving does not meet the standards Sanders espouses in his rhetoric, according to internal communications. Read more.