Activist investors like Starboard Value often manage to get a lot accomplished when they get involved in companies, which is why stock prices often react to their involvement.
At the 2024 13D Monitor Active-Passive Investor Summit, Jeffrey Smith of Starboard Value shared his theses for Salesforce, Johnson & Johnson spinoff Kenvue, and Pfizer, explaining where they see room for improvements.
Salesforce
Smith presented Salesforce at the 13D conference two years ago. He described it as...