Josh Black, Managing Editor at Activist Insight, says in ‘Activist Investing – An annual review of trends in shareholder activism,' that shareholder activism effectively received government sanction when SEC Chair Mary Jo White said the following at the 10th Annual Transatlantic Corporate Governance Dialogue in Washington D.C. on Dec 3, 2013:
“It was not a long ago that the “activist” moniker had a distinctly negative connotation. It was a term equated with the generally frowned-upon practice of taking an ownership position to influence a company for short-term gain. But that view of shareholder activists, which has its roots in the raiders of the 1980s takeover battles, is not necessarily the current view and it is certainly not the only view…As...

