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	<title>IGOPPThe Atlantic &#8211; IGOPP</title>
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		<title>« Can America’s Companies Survive America’s Most Aggressive Investors? »</title>
		<link>https://igopp.org/can-americas-companies-survive-americas-most-aggressive-investors/</link>
		<comments>https://igopp.org/can-americas-companies-survive-americas-most-aggressive-investors/#respond</comments>
		<pubDate>Fri, 18 Nov 2016 21:04:44 +0000</pubDate>
		<dc:creator><![CDATA[mlamnini]]></dc:creator>
				<category><![CDATA[IGOPP dans les médias]]></category>
		<category><![CDATA[L’IGOPP dans les médias]]></category>
		<category><![CDATA[Activisme]]></category>
		<category><![CDATA[Agences de conseil en vote]]></category>
		<category><![CDATA[Fonds de couverture]]></category>
		<category><![CDATA[Gouvernance créatrice de valeurs]]></category>
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		<category><![CDATA[Securities and Exchange Commission]]></category>
		<category><![CDATA[The Atlantic]]></category>

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		<description><![CDATA[&#171;&#160;WILMINGTON, Del.—Ron Ozer was thrilled to get a job with DuPont, the two-centuries-old chemical company, when he finished his Ph.D. from Cornell in 1990. It was the place to go for young, ambitious chemists; it offered salary and benefits so generous that some people called it “Uncle Dupey.” For 26 years, he invented things for [&#8230;]]]></description>
		<content><![CDATA["WILMINGTON, Del.—Ron Ozer was thrilled to get a job with DuPont, the two-centuries-old chemical company, when he finished his Ph.D. from Cornell in 1990. It was the place to go for young, ambitious chemists; it offered salary and benefits so generous that some people called it “Uncle Dupey.” For 26 years, he invented things for DuPont, filing patent after patent, working on renewable plastic bottles and polymers from the company’s Experimental Station, a research lab where Kevlar, Neoprene, and nylon were all invented.

Then, in January of this year, he was abruptly fired, along with hundreds of other employees at the Experimental Station, part of a company-wide wave of 1,700 layoffs, one-third of DuPont’s Delaware workforce. Globally, DuPont cut 10 percent [1] of its workforce, or 5,000 people in early 2016.

[ ... ]

But it’s activist investors who have really pushed short-term thinking and figured out how to profit from it, according to Stout. And data suggests that, on the whole, activist investors are not good for employees or for the economy. Companies targeted by activist investors saw employment drop by 4 percent between 2008 and 2013, while all companies on average grew employment nine percent, on average, according to a 2015 study [2], “Hedge Fund Activism: Preliminary Results and Some New Empirical Evidence,” by Yvan Allaire, executive chair of the Institute for Governance of Private and Public Organizations, a Canadian think tank that works on governance issues. Those who had specifically been targeted by activists advocating for cost reduction saw employment shrink 20 percent.

Of course, what this means is that these efforts undermine the livelihoods of thousands who work at these companies. As Allaire puts it, activists’ interventions are often merely a “wealth transfer to shareholders from the company’s employees.” But the problem extends even beyond those directly affected, to the health and ingenuity of the company as a whole. »

Lire la suite [3]

[1] http://www.chicagotribune.com/business/ct-dupont-to-cut-10-percent-of-global-workforce-20151229-story.html
[2] http://www.shareholderforum.com/access/Library/20150401_Allaire.pdf
[3] https://www.theatlantic.com/business/archive/2016/11/activist-investors/506330/]]></content>
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		<title>Le président exécutif du conseil de l&#8217;IGOPP a été cité dans « The Atlantic Magazine » en lien avec l&#8217;activisme des fonds de couverture</title>
		<link>https://igopp.org/igopponatlanticmagazine/</link>
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		<pubDate>Fri, 18 Nov 2016 20:19:04 +0000</pubDate>
		<dc:creator><![CDATA[mlamnini]]></dc:creator>
				<category><![CDATA[Communiqués de presse]]></category>
		<category><![CDATA[Activisme]]></category>
		<category><![CDATA[Fonds de couverture]]></category>
		<category><![CDATA[Gouvernance créatrice de valeurs]]></category>
		<category><![CDATA[Parties prenantes]]></category>
		<category><![CDATA[The Atlantic]]></category>

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		<description><![CDATA[Le président exécutif du conseil de l&#8217;IGOPP a été cité dans &#160;&#187;The Atlantic Magazine&#160;&#187; en lien avec son étude sur l&#8217;activisme des fonds de couverture: Hedge Fund Activism: Preliminary Results and Some New Empirical Evidence. La citation se retrouve dans un récent article nommé: &#171;&#160;Can America’s Companies Survive America’s Most Aggressive Investors?&#160;&#187;. Cet article discute des [&#8230;]]]></description>
		<content><![CDATA[Le président exécutif du conseil de l'IGOPP a été cité dans ''The Atlantic Magazine'' en lien avec son étude sur l'activisme des fonds de couverture: Hedge Fund Activism: Preliminary Results and Some New Empirical Evidence. La citation se retrouve dans un récent article nommé: "Can America’s Companies Survive America’s Most Aggressive Investors?".

Cet article discute des investisseurs activistes qui prennent de plus en plus le contrôle d'entreprises d'importance, les forçant à faire des mises à pied tout en diminuant la R&#38;D et ce, potentiellement, en risquant de nuire à l'économie toute entière.

Pour lire l'intégralité de l'article, cliquez ici [1].

[1] https://www.theatlantic.com/business/archive/2016/11/activist-investors/506330/]]></content>
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