John Foley is Reuters Breakingviews' U.S. editor. He has previously written and edited from London, Beijing and Hong Kong, and established Breakingviews’ first Asian bureau in 2009, subsequently running the European team from 2015 to 2017. Before joining Breakingviews in 2004, John worked as a copywriter for a London-based advertising agency. He read English Literature at Exeter College, Oxford.
Pushy investors are getting what they want more often. But the profit motive and U.S. law give those with short-term financial agendas an edge – and hard-nosed financial raiders too easy a ride. Stressing how their goals benefit shareholders would lend ESG activists more muscle.
Big mergers abound as M&A practitioners head to an industry gathering in New Orleans. Small transactions, however, seem to be drying up. While some aggressive CEOs are buoying dollar values, dwindling numbers of deals tell a less encouraging story about corporate confidence.
Aurora Cannabis gets three things from hiring activist Nelson Peltz as an adviser: financial credibility, consumer expertise and contacts at companies like P&G. Other investors can ride on his coattails. The catch is that VIP patrons like Peltz get terms mere mortals can’t touch.