The manager of a $1 billion sometimes activist fund discusses why he may submit shareholder proposals at Fujitec’s annual meeting in 2021 if it doesn’t consider divesting stakes, buy back shares, set up board subcommittees or perform a strategic review.
Activist investor Phil Goldstein of Bulldog Investors believes a recent SEC decision upholding closed-end fund Dividend & Income's right to ignore a shareholder proposal poses a broader threat to investor rights.
It is unclear when commodity prices will recover, but when they do, activists will be sure to have fully sharpened blades and a list of demands for companies across the oil and gas production industry.
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