The Deal by S&P Global
The Deal by S&P Global podcast network brings The Deal’s award winning coverage in M&A, activist investing, private equity and restructuring to your airwaves. With a suite of offerings, including Activist Investing Today (hosted by Senior Editor Ronald Orol), Drinks With The Deal (hosted by Senior Writer David Marcus and Senior Reporter Bill Meagher), Behind The Buyouts (hosted by Senior Reporter Steve Gelsi, Chief Reporter Nikitha Sattiraju and Senior Writer Chris Nolter) and Fresh Start (hosted by Senior Reporter Stephanie Gleason), The Deal’s podcast network is your go-to source for timely financial news and perspective.
The Deal by S&P Global
Activist Investing Today: Columbia’s Coffee on Activists, Icahn, M&A and Proxy Adviser Rules
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Activist hedge funds hurt research & development budgets at U.S. corporations, which has a broader negative impact on the economy.At least that’s the view of Columbia Law School Professor John Coffee, who spoke with The Deal for its Activist Investing Today podcast about a study he co-authored on the impact of insurgent managers on corporations and the markets overall.In a wide-ranging conversation, Coffee explained what he thinks is going on with Carl Icahn’s objections to Occidental Petroleum’s acquisition of Anadarko Petroleum and what he thinks might be at play when activists try to nullify blockbuster mergers. Coffee, who runs Columbia’s Center on Corporate Governance, also discussed his thoughts on a new Securities and Exchange Commission effort seeking to rewrite the rules for proxy advisers Institutional Shareholder Services and Glass Lewis.