Corporate
Sep. 26, 2013
Activist shareholders find their way onto corporate boards
The tactics employed by hedge funds and other investors to shake up corporate boards have become far more accepted vehicles for change.
Daily Journal Staff Writer
Late last month, San Francisco-based investment firm ValueAct Capital LLC scored a major victory in its bid for greater oversight of Microsoft Corp.'s business strategies. In what the Redmond, Wash.-based technology giant called a "cooperation agreement," Microsoft disclosed on Aug. 30 that selected corporate managers and directors would hold regular meetings with ValueAct's president, G. ...
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