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Marty Lipton on Activist Hedge Funds

Posted By Barry Ritholtz On February 26, 2013 @ 11:00 am In Corporate Management,Hedge Funds,Really, really bad calls | Comments Disabled

Our quote of the day:

 

“The activist-hedge-fund attack on Apple — in which one of the most successful, long-term-visionary companies of all time is being told by a money manager that Apple is doing things all wrong and should focus on short-term return of cash — is a clarion call for effective action to deal with the misuse of shareholder power.”

-Marty Lipton, author of “Bite the Apple; Poison the Apple; Paralyze the Company; Wreck the Economy” from NYT [1]

 

Interesting take from a well respected corporate lawyer. . .


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2013/02/marty-lipton-on-activist-hedge-funds/

URLs in this post:

[1] NYT: http://dealbook.nytimes.com/2013/02/25/shareholder-democracy-can-mask-abuses/

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