Left-wing shareholder activists seek to leverage the mass economic power of institutional investors such as pension funds, whose managers are supposed to focus strictly on their fiduciary responsibilities to retirees.

The Obama administration likes to say that it is 'pro-worker.' But something is amiss when its labor priorities are forcing unionization and labor contracts on American workplaces, and denying union members information on how their dues money is spent.

Activist shareholder resolutions do not have to pass to succeed. The process itself can be so injurious to a company that management will cave to demands.

Elaine Chao Quotes