WHEN A GROUP of Take-Two Interactive Software Inc. shareholders staged a board coup recently, an unlikely participant was among those leading the charge: A mutual fund.Fund managers typically aren't known for their shareholder activism. Mutual funds have long protested corporate decisions by selling their stock, not by publicly taking a stand against management.
April 17, 2007 at 12:00 AM
1 minute read
WHEN A GROUP of Take-Two Interactive Software Inc. shareholders staged a board coup recently, an unlikely participant was among those leading the charge: A mutual fund.
Fund managers typically aren’t known for their shareholder activism. Mutual funds have long protested corporate decisions by selling their stock, not by publicly taking a stand against management.
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