The Prof G Pod with Scott Galloway No Mercy / No Malice: Acktivism
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Jan 20, 2024 Recent global events highlight the potential for activism to reshape society, particularly in the wake of the Hamas attack on Israel. The influence of activist investors is on the rise, changing institutional governance and power dynamics. Meanwhile, billionaires are increasingly able to shape public policy, raising concerns about their unchecked influence. The discussion also underscores the risks of wealth concentration in democracy, advocating for a progressive tax system to promote equity and stability.
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Acktivism: A New Threat
- Activist investors, like Bill Ackman, are shifting their focus to social issues.
- This represents a concerning concentration of power and influence.
Ackman vs. Harvard
- Bill Ackman's activism targeted Harvard's president after the university's response to pro-Palestinian activity.
- The situation escalated with accusations of plagiarism against both the president and Ackman's wife.
Activist Investing Explained
- Activist investing involves acquiring a stake in a company to influence its direction and strategy.
- It requires specialized skills and resources, including legal, PR, and even investigative support.