In a speech at the Tulane Corporate Law Institute, the S.E.C. chief, Mary Jo White, said that the agency did not necessarily look unkindly on investors who buy stakes in companies and then push for changes in corporate strategy. “Reflexively painting all activism negatively is, in my view, using too broad a brush and indeed is counterproductive,” she said. Activist tactics, she added, “can be compatible with the kind of engagement that I hope companies and shareholders can foster.” [Dealbook]
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