Shareholder Rights and Activism
What Is a ‘Poison Pill’ Defense?
On Friday, Twitter countered Elon Musk’s offer to buy the company for more than $43 billion with a corporate tool known as a poison pill, a defensive strategy familiar to boardrooms trying to fend off takeovers but less familiar to everyday investors. This defense mechanism was developed in the 1980s as company leaders, facing corporate […]
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Twitter Grapples With an Elon Musk Problem
SAN FRANCISCO — Bright and early on Monday, Elon Musk sent the government a surprising new document. In it, the world’s wealthiest man laid out his possible intentions toward Twitter, in which he has amassed a 9.2 percent stake, underlining how drastically his position had changed from a week ago. Mr. Musk could, if he […]
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Carl Icahn Pushes McDonald’s to Change Way It Sources Its Pork
The billionaire investor Carl Icahn began his battle with McDonald’s in his usual fashion — buying a small stake in the company and then pushing his own candidates for its board. But what’s different this time is the issue — better treatment for the pigs whose meat goes into McDonald’s sausage patties and other pork […]
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Ifeoma Ozoma Blew the Whistle on Pinterest. Now She Protects Whistle-Blowers.
Last month, Gov. Gavin Newsom of California signed a bill to expand protections for people who speak up about discrimination in the workplace. A new website arrived to offer tech workers advice on how to come forward about mistreatment by their employers. And Apple responded to a shareholder proposal that asked it to assess how […]
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