Episode #69

Shareholder Activism Run Amok

« previous episode | next episode »

Friday, August 16, 2013

It's been a week of ups and downs for shareholder activists — powerful investors who buy up stock in companies to shake them up and get the stock price moving. 

Hedge fund manager Carl Icahn announced he has a large position in Apple — more than $1 billion worth of shares.

Meanwhile, Bill Ackman — perhaps the most combative investor on Wall Street — resigned from the board of J.C. Penney after failing to reshape the retailer's fortunes and getting into a very public dispute with other board members.

This week on Money Talking, guest host Heidi Moore of the Guardian speaks with regular contributors Joe Nocera of the New York Times and Rana Foroohar of Time magazine about shareholder activists, their tactics and their impact on the companies whose stock they buy. 

Looking ahead, Foroohar talks about new six-year high schools in Chicago focused on science and technology that offer associate's degrees. 

Nocera discusses the proposed merger of American Airlines and US Airways, which was blocked by the Justice Department this week.

Hosted by:

Heidi Moore


Rana Foroohar and Joe Nocera
News, weather, Radiolab, Brian Lehrer and more.
Get the best of WNYC in your inbox, every morning.

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.