(Bloomberg) -- Shareholder activists, fresh from stepping up their campaigns by a third in the first half of the year, are expected to be emboldened by an economic rebound for the rest of 2021. The total number of activist campaigns launched through June 21 at companies with a market value of more than $1 billion reached 116, up from 87 over the same period in 2020 and 115 in 2019, according to data compiled by Bloomberg...
It is certainly a reminder for companies that whatever is important to shareholders, needs to be important to them.
It has to be a one-two punch of ESG and performance.
I think what everyone is going to find is that it's not easy to do what Engine No. 1 did.
That's what was creating this surprise on the company side and frustration on the investor side.
- activist investors
- Morgan Stanley
- Starboard Value
- State Street
- Exxon Mobil
- BlackRock Inc.
- Shareholder Activism
- Exxon Mobil Corp.
- Exxon Mobil Corp
- State Street Corp.