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What is the $s board take on the uprising of activist SH?
Posted on 3/18/13 at 2:05 pm
Posted on 3/18/13 at 2:05 pm
Recently many heavy hitters have been overtaking and pressuring company boards to install the own members. It has mostly been isolated to the energy sector as far as I know and was just wondering what the consensus was. This was taking from an article related to the current battle at SandRidge Energy over board members.
quote:
The proxy battle is the latest case of a shareholder shaking up the board of an energy-industry company, as activists demand better stock performance and more-generous dividends from laggards. In January, Chesapeake Energy Corp. Chief Executive Aubrey McClendon agreed to step down by April after the company's biggest shareholders took control of the board.
Hess Corp. is tussling with hedge fund Elliott Management Corp., which is opposing the company-backed directors who are up for election with its own slate.
Investor Carl Icahn, who agitated for change at Chesapeake, is now demanding that offshore driller Transocean Ltd. increase its dividend to $4 a share, up from the $2.24 the company plans to pay.
3
Posted on 3/18/13 at 2:08 pm to GREENHEAD22
Kravis, Kerkorian, Icahn ... these kinds of activist investors are great for the health of the corporate sector in general.
Then there is the bad kind of SH activism that relates to institutional investors like pension funds being pressured into certain forms of political action, but that's a different story.
Then there is the bad kind of SH activism that relates to institutional investors like pension funds being pressured into certain forms of political action, but that's a different story.
Posted on 3/18/13 at 6:03 pm to GREENHEAD22
I'm a big fan of Icahn and have been for a long time.
Posted on 3/21/13 at 10:07 am to jso0003
A different take on it. Excuse the source, they send us a free copy and I happened to see the article.
LINK
I dont know enough to go either way but anytime any big banking institutions/shareholders start flexing their power claiming its for the good of the people I get leery.
LINK
I dont know enough to go either way but anytime any big banking institutions/shareholders start flexing their power claiming its for the good of the people I get leery.
Posted on 3/21/13 at 10:15 am to GREENHEAD22
quote:
This was taking from an article related to the current battle at SandRidge Energy over board members.
I would say Tom Ward deserves to have his decisions and ethics called into play over SandRidge. How did his family trust end up with 475,000 acres of leases inside the Sandridge Mississippi lime play?
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