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Overcoming Bias Commenter's avatar

Bill wrote:

It is too bad that there isn’t an activist mutual fund.

Berkshire Hathaway is close to that.

Also these are the reason that I prefer companies with one large shareholder large enough to push management to act more in shareholders long term interests.

On the government side these are good reasons to favor local power over national power.

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Overcoming Bias Commenter's avatar

Good link. It makes sense that shareholders would want some level of defense against takeover bids in order to improve their bargaining position wrt. the acquirer, even if defenses clearly shift power from shareholders to management.

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