The Basketball Activist Investor

An activist is a raider without the commitment. An activist buys maybe 5 to 10% of shares and that's it. And then they try to get board seats or make operational changes without buying control. They start by asking nicely, if they're turned down,. might put out a slide deck saying, hey, the management of this company doesn't know what they're doing. The PowerPoint could be so nefarious.