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Who Should Actually Have Say on Pay?

Harvard Business Review

That''s up from 69% in 2012 and 2011. One key reason for shareholders'' positive tone is that the stock market has been doing well. Malkiel argues that most of the gigantic growth in asset-management-industry profits since 1980 "is likely to represent a deadweight loss for investors." Since say-on-pay hit the U.S.

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Japan Is Counting on Shareholder Activism to Improve Its Economy

Harvard Business Review

CEOs live in fear of activist hedge funds, and politicians worry about their effects on workers. Abe has even met with one of the most prominent American activists, Dan Loeb , in a private albeit well-publicized encounter, suggesting he sees value in foreign involvement in Japanese markets. In the U.S.,

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