We discussed the role of large investors in resolving the shareholder-manager conflict in class today. This article describes two large shareholders, Ackman’s hedge fund and the Vanguard group, taking action to re-align management with shareholder interest. Ackman’s angle is to push for CEO removal, actually the two co-CEOs which I never heard of before. Vanguard voted against the pay package for the co-CEOs.
Stay tuned as the Chipotle story unfolds…
Efficient Minds™ 