Investors
Nobel Laureate Oliver Hart on Empowering Twitter’s Shareholders
In an interview with ProMarket, Nobel laureate Oliver Hart explains why broadening our perspective on fiduciary duty beyond maximizing shareholder wealth could empower individual...
Are Large Institutional Investors Actually Effective in Getting Companies to Reduce Their CO2 Emissions?
Large institutional investors have been accused of not doing
enough to reduce CO2 emissions. However, a new study finds that firms like
BlackRock, Vanguard, and State...
Barking Up the Right Tree: How Shareholder Activists Raise Issues to Placate Large Mutual Funds
A new paper examines whether shareholder activists tailor their campaigns to persuade large institutional investors and finds that in proxy communications, activists use phrases...
It is Not Just Small Investors Who Will Be Silenced Thanks to SEC’s New Rules
Shareholder proposals are one of the most effective forms of shareholder voice in corporate America. It is one of the main channels through which...
How Hedge Fund Performance Fees Fail Investors
In the hedge fund industry, there is a material disconnect between funds’ lifetime performance and lifetime incentive fees for managers. A new study analyzes...
The Counterfeit Capitalism of WeWork: Predatory Pricing as a Business Model
The company failed to go public and its founder, Adam Neumann, had to step down. This is good news: ordinary investors refused to put...
The Problem With Unicorns: Why Investors Stopped WeWork From Going Public
More and more startups are valued at over $1 billion, even if they have dysfunctional corporate structures and hazardous business models. For tech companies,...
