Martin Lipton, co-founder of law firm Wachtell, Lipton, Rosen & Katz and inventor of the poison pill, is continuing his crusade against activist investors by trying to claim the backing of a high profile Center for American Progress report on income inequality (or inclusive prosperity, as the report dubs it).
“Among the matters studied are corporate governance and short-termism and activism,” writes Lipton on the Harvard Law School Forum on Corporate Governance and Financial Regulation blog, saying that findings from the report “support the limitations on activism that many of us believe are essential to the American economy and society.”
CAP report condemns hostile takeovers,...
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