The “Boulder Letter” explained why opting into a state statute limiting a shareholder’s ability to vote all their shares violates the Investment Company Act. SEC Staff recently repealed the Letter. Consistent with other recent actions, this dilutes the rights of shareholders. In conclusion, another democratic-free zone was provided to entrenched managers and boards. If you […]
Skadden Scheme to Kill Shareholder Rights Skadden scheme exposed by Phil Goldstein, of Bulldog Investors, threatens to kill shareholder rights. While we were fighting COVID-19 and new rules proposed by the SEC to eviscerate shareholder rights Skadden, Arps, Slate, Meagher & Flom LLP has been plotting to effectively do away with the right of shareholders […]
Controlled companies generally underperformed non-controlled firms in terms of total shareholder returns, revenue growth, and return on equity, according to a new report, Controlled Companies in the Standard & Poor’s 1500: A Follow-up Review of Performance & Risk, commissioned by the Investor Responsibility Research Center Institute (IRRCi) and conducted by Institutional Shareholder Services Inc. (ISS). The study also finds […]
In this Opalesque TV interview, they sit down with shareowner activists Phil Goldstein and Andy Dakos, fellow principal of Bulldog Investors, to discuss the roots of the Bulldog and Opportunity Partners. Learn about: Phil Goldstein: Transition from civil engineer to legendary “value investor” Foundation of Bulldog Investors How do you define yourselves as “activist investors”? […]
Freedom of speech is under assault in Massachusetts, says Phillip Goldstein of Bulldog Investors. Bulldog Investors is seeking people and organizations to “sign on” to the attached “friend of the court” brief in appeal to the Massachusetts Supreme Judicial Court of a lawsuit challenging the government’s paternalistic prohibition on communications by hedge fund managers with […]