Um tema tão mais interessante quanto Portugal está cada vez mais na mão dos accionistas:
“DuPont is a well-performing company that should be receiving credit for its actions, not pressure from activists.
But there is no justice in the ever-expanding world of shareholder activism. Trian — which has traditionally avoided proxy contests, preferring to cooperate with companies — is arguing that the company is still bloated and can do better, by firing more employees, for example. DuPont should also spin off its materials and other low-growth businesses and cut more in costs, it argues.
Trian’s call is the siren song of activism. It is no understatement to say that shareholder activism is transforming the corporate landscape. In recent years, hedge funds have challenged the boards of Apple, Microsoft and eBay, among others. Companies have responded by slimming down, restructuring, adopting defenses, spending millions on advisers and doing just about anything to prevent an activist attack.
Activism has changed companies and ignited a furious debate over whether the activists are out to improve companies or are just 1980s corporate raiders in updated clothes, looking for quick paydays at the expense of not just the companies they single out but also employees and communities.”