Frank and Steven’s excellent corporate-raiding adventure

Steven Davidoff Solomon co-writes for The Atlantic, May 2017

What did Bielli think about selling the company? … He said that the benefits of being public outweighed the costs.. … The fact is … Bielli is probably right. Because so many investors are passive today, most CEOs can relax, even if their performance is mediocre. We drove away discouraged. The company had enormous potential. But realizing its value seemed impracticable.