Facebook Slams IPO Door, Zombie Hedge Funds, Activist Investors Get Bold, Can't Lose Investments, and More

The destruction of the IPO market by Facebook's botched public offering, the haunting of zombie hedge funds and Wall Street's struggles to attract new IT talent are just a few of the topics people on the Street were discussing this week.
June 08, 2012


6. I Can't Take It Anymore!

We're not trying to be activists. Shareholders are paying attention to what C.E.O.'s are getting paid. Investors can't ignore it anymore.

—Brian Wenzinger, a principal at Aronson Johnson Ortiz, a Philadelphia money management company that voted against the Citigroup pay package, in an article focusing on increasing shareholder activism.

Source: New York Times Dealbook: Once-Reticent Investors Join Shareholder Revolts

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