The Coincidence Of Activism And Shareholder-Friendly Corporate Activities

The Coincidence Of Activism And Shareholder-Friendly Corporate Activities by Peter Lupoff, Portfolio Manager - Tiburon Capital Management via LinkedIn Pulse

There are many drivers converging to hasten shareholder-friendly events among public companies worldwide. To our thinking, since the Great Recession, better corporate stewardship, heightened community of interest between managements and stakeholders through compensation plans tied to share performance and protracted low interest rates and asset reflation via global quantitative easing created a perfect environment to foment shareholder-friendly events.[1] Concurrent with this organic evolution, managers who’ve visibly pressed for such behaviors have performed well and raised significant amounts of money in the process. However, it seems likely that the drivers of these events are independent of activist’s campaigns and...