john redmond

Cleveland-Cliffs Rejects Harbinger Control Share; Where Does That Leave ANR?

This action is a prime example why laws must be passed in the future to prevent funds of all stripes from buying more than a 10% share of any one company. This is a disturbing trend with funds making decisions for companys that may have long term consequences while the funds are only concerned with short term profits. Haven't hedge funds done enough harm to the orderly market process.