Practical analysis for investment professionals
board of directors
Defensive Anti-Takeover Board Measures
Do anti-takeover measures like poison pills, lobster traps, scorched-earth policies, and golden parachutes actually benefit shareowners? Or do they negatively impact share prices? We polled readers of CFA Institute Financial NewsBrief to find out.
Alpha Wounds: Culture vs. Philosophy Mismatch
Jason Voss, CFA, discusses the importance of aligning investment firm culture with investment philosophy to maximize alpha.