1. Billionaire Investor Says Elizabeth Warren is Right, Ditches $16B Hedge Fund

    Billionaire Investor Says Elizabeth Warren is Right, Ditches $16B Hedge Fund

    A billionaire activist investor declared that “Elizabeth Warren is right” as he left the helm of his giant hedge fund to focus on environmental and social-impact investing. Jeffrey Ubben — a corporate cage-rattler who has prodded for change at behemoths including Microsoft, BP and Nintendo — said he is leaving his $16 billion hedge fund, ValueAct Capital , to start a new fund that’s more socially conscious...

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    1. Companies, as governed today, with investors asking for more current returns and more buybacks and so forth, aren't working for society or nature.
    2. Finance is, like, done. Everybody's bought everybody else with low-cost debt. Everybody's maximized their margin. They've bought all their shares back.
    3. When you're talking about addressing climate change with a business solution, that is the biggest problem in the world.
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