Activist shareholders have been in the spotlight lately. Berkeley Law Professor Eric Talley recently joined a panel on KPCC Radio for a discussion on the implications of these events for corporate governance. The Panel also featured Stanford Law Professor Robert M. Daines and Laura Berry, the Executive Director of the Interfaith Center on Corporate Responsibility.
From the panel:
- Apple, PNC Financial Services Group, and gun manufacturers are each under pressure from activist investors. David Einhorn wants Apple to pay out some of its $137-billion in cash to shareholders. A segment of PNC’s investors want the bank to review how its loans contribute to global warming. And in California, the country’s biggest public pension fund is selling its shares in firearms makers.
- While the companies’ shareholders each want different things, the high-profile conflicts all highlight the powerful influence of shareholder rights. AirTalk examines the strategies of all the stakeholders and the history of investor activism.
- How do shareholder rights coexist or conflict with corporate interests? Should corporate governance be “shareholder-centric” or “board-centric?”
Listen to the full “Activist Shareholders Try New Tactics” panel here.
[…] Professor Eric Talley Discusses Implications of Activist Shareholders on Corporate Governance […]