Not exact matches
«But in fact, the new «activist» investors pushed for seats on boards and
pressured management into policies that were viewed as more «
shareholder - friendly» —
meaning friendlier to short - term investors — including increasing dividends and buyouts.»
That
means fewer premium bids, less
pressure on firms to shape up, and more stitch - ups of minority
shareholders.
But as Manjoo points out, going public
means, inevitably, bowing to the
pressures of
shareholders, who want their money's worth.