Category: chief point
Negotiable and attacked — C-level overconfidence and shareholder activists’ targets
By Dirk Schiereck * (exechange) — October 1, 2020 — Public companies have recently received more pressure from shareholders than ever before with the number of activist campaigns reaching a global all-time high of 226 in 2018 (as counted by Lazard). Although financial factors still appear to be predominant determinants of investment decisions, the final…