Bob K.

Dow Jones, New York Times, Cablevision: What About Fiduciary Duty?

Good article and I agree, but I have another prism on Fiduciary duties and these involve short term decisionmaking to pay off activist shareholders that then damage the long term prospects for these public companies. Don't get me wrong, activists play an important role, but boards need to weigh these decisions carefully. A solution in my mind is for these investors to acheive their objectives they press upon the board and therefore must then agree to a minimum holding period on their stocks, to ensure interests are aligned. In my mind these people are only temporary owners moving from one arbritrage play to the next.