"We have been deluged with investment opportunities from my former colleagues," said John P. Coffey, a co-founder of BlackRobe and previously a partner at Bernstein Litowitz, where he pursued shareholder lawsuits against companies like WorldCom.
To motivate managers to pursue shareholder interests, boards may design management compensation packages to reward managers for good firm performance.
For instance, companies are starting to offer stock-option schemes to managers, giving them an incentive to pursue shareholders' interests.
Why is Shamrock interested in pursuing its shareholder activism at iPass?
The Information reports that Kalanick isn't currently pursuing a shareholder battle.
It focuses on environmental, social and governance factors in its investments and pursues shareholder advocacy programs on these issues.
"On behalf of the University of California as lead plaintiff and working in concert with all of the plaintiffs, we look forward to vigorously pursuing the shareholders' case," Mr. Lerach said in a statement.
In what has come to be dubbed the end of the conglomerate model, the oil company's move comes a day after ITT announced it would split into three separate companies in order to pursue greater shareholder value and, possibly, look for individual take-over deals from General Electric or other large technology companies.
The filing is part of a case in San Francisco to decide whether HP should be allowed to settle with shareholders pursuing its directors for approving the disastrous acquisition of Autonomy.
As Daniel Greenwood and I argued in The Atlantic two years ago (and as you can hear me arguing on NPR, it's driven by fiduciaries and managers of anonymous, ever-shifting whorls of shareholders pursuing maximum profit and market share.
