Rhetoric and Reality of Shareholder Democracy and Hedge-Fund Activism

This Element investigates the historical and systemic roots of hedge-fund activism. It argues that the spirit of the New Deal financial regulations was subverted in the 1980s and 1990s and opened the door for the rise of hedge-fund activism. It concludes with policy proposals for rebuilding the proxy-voting and engagement system.

Acest element investigheaza radacinile istorice si sistemice ale activismului fondurilor speculative. Acesta sustine ca spiritul reglementarilor financiare New Deal a fost subminat in anii 1980 si 1990 si a deschis usa pentru cresterea activismului fondurilor speculative.