The ‘A’ Word
Taking a page out of the Bush (or is it the Rove) playbook, IBD puts up a list of examples of how a number of companies’ boards were bullied or stood up to ‘Activist Investors.’ The folks at IBD may have the best of intentions in defending the board of directors of these companies but they seem to conveniently forget that the board members tend to be minority holders, at best, and when the owners - i.e. stock holders - believe the company needs to make a change or that the board is not operating in their best interest, it is their right to do something about it, whether they are correct or not.