1. CEOs are Opening Their Boardrooms to Hedge Fund 'White Squires' to Keep Other Activists Out

    CEOs are Opening Their Boardrooms to Hedge Fund 'White Squires' to Keep Other Activists Out

    When it comes to defending a company against an agitated investor, the devil you know may be better than the devil you don't. That's the recent mindset among corporations and investors alike when it comes to fending off potential intruders — and it's increasingly blurring the lines of how management views the role of activist investors. Case-in-point is Papa John's International...

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    1. We approached the company and said we want to get involved and we want to help and we want to provide leadership.
    2. Obviously, we're in a moment of distress here.
    3. It's a new factor on the playing board for public companies.
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